Startups
Digital banking and Instant Loans in Nigeria providing collateral-free personal loans, a bank account with free bank transfers, and zero convenience fee on b...
Overview
Location
Nigeria
Employees
51-200
Total raised
$42M
Founded date
2017
Investors 3
| Date | Name | Website |
| Sign up to see | Sign up to see | Sign up to see |
| Jan 21, 2025 | TLcom Capital | tlcomcapital.com |
| Mar 13, 2021 | Newfund Management | newfundcap.com |
Funding Rounds 1
| Date | Series | Amount | Investors |
| Sign up to see | Sign up to see | Sign up to see | Sign up to see |
Mentions in press and media 15
| Date | Title | Description |
| Sign up to see | Sign up to see | Sign up to see |
| Feb 16, 2026 | Nigeria: Amid Fintech Competition, Six Banks' Customers Loans Up 9.2 Percent to N33.99trn | Despite severe the challenge posed by Fintech companies last year, Ecobank Transnational Incorporated and five others deposit money banks (DMBs) declared N33.99trillion loans & advances to customers for the year ended December 31, 2025.... |
| Jan 19, 2026 | Nigeria: Why Technology-Enabled Banking Is a Multiplier for Nigeria's 2036 Goal | Nigeria is at a defining moment in 2026. After several years of bold macroeconomic adjustments, including foreign exchange unification and structural reforms, the country is moving from stabilization into expansion. With the Central Bank of... |
| Jan 15, 2026 | Nigeria: Expert - Technology-Enabled Banking Will Boost Nigeria's Digital Transformation Goal | Emma Okonji Managing Director, FairMoney Microfinance Bank, Mr. Henry Obiekea, has stressed the need for technology enabled banking across all financial institutions in the country, insisting that the deployment of technology in financial s... |
| Feb 26, 2025 | FairMoney offers Nigerians 17% to 30% Interest on Their Savings | Africa’s leading neo bank, FairMoney, is raising the bar for savings in Nigeria, offering up to 30% interest per annum (P.A.) The Neobank’s high-yield savings options cater to both new and existing users, making it an attractive choice for ... |
| Dec 28, 2024 | The Fintech Surge: Nigeria's Digital Revolution | Nigeria is on fire. The fintech sector is booming, igniting a digital revolution across the nation. This surge is not just a trend; it’s a transformation. With a youthful population and a growing appetite for technology, Nigeria is becoming... |
| Dec 27, 2024 | Tech Revolution Africa Unveils MTN As Headline Sponsor | Tech Revolution Africa is making waves yet again! In a groundbreaking move, the team has announced MTN, Africa’s leading telecommunications giant, as the Headline Sponsor for its highly anticipated 2025 tech conference coming up on January ... |
| Aug 21, 2024 | The Rise of Innovative Startups: Navigating Challenges and Seizing Opportunities | In the world of startups, the path is rarely smooth. Entrepreneurs often find themselves battling skepticism, navigating bureaucratic hurdles, and striving to keep their visions alive amid daunting challenges. Yet, within this chaos lies th... |
| Aug 21, 2024 | Payment and liquidity platform Waza raised $8 M debt and equity funding | Waza, a payment and liquidity platform based in Nigeria that serves emerging market companies, has raised $8 million in debt and equity capital to facilitate the management and payment of suppliers worldwide by traders, businesses, and othe... |
| Jun 11, 2024 | High interest rates, surging non-performing loans threaten loan app business in Nigeria | Article summary Nigerians borrowing from digital lenders are complaining about high interest rates, yet they are constrained to take the loans due to economic difficulties. On the other hand, the lenders are blaming the high cost of funds a... |
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FAQ about Fairmoney
When was Fairmoney founded?
Fairmoney was founded in 2017.
How much funding has Fairmoney raised?
Fairmoney has raised $42M in total across 1 funding round.
Who has invested in Fairmoney?
Parsers VC lists 3 investors of Fairmoney, among them TLcom Capital and Newfund Management.
What has the press written about Fairmoney?
Parsers VC has collected 15 articles mentioning Fairmoney, among them “Nigeria: Amid Fintech Competition, Six Banks' Customers Loans Up 9.2 Percent to N33.99trn” (Feb 16, 2026) and “Nigeria: Why Technology-Enabled Banking Is a Multiplier for Nigeria's 2036 Goal” (Jan 19, 2026).
Is Fairmoney still active?
Yes, Fairmoney is active; its latest activity on Parsers VC dates from Mar 2, 2026.