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...
Location: Nigeria
Employees: 51-200
Total raised: $42M
Founded date: 2017
Investors 3
| Date | Name | Website |
| - | Sheatrust ... | sheatrustc... |
| 21.01.2025 | TLcom Capi... | tlcomcapit... |
| 13.03.2021 | Newfund Ma... | newfundcap... |
Funding Rounds 1
| Date | Series | Amount | Investors |
| 02.07.2021 | Series B | $42M | - |
Mentions in press and media 15
| Date | Title | Description |
| 02.03.2026 | Nigeria: Bill to Establish Fintech Regulatory Commission Splits Sector's Operators | While telecom and agent groups say a dedicated regulator will end fragmented oversight, fintech operators warn it could duplicate the roles of the Central Bank of Nigeria and other agencies. A bill before the House of Representatives seekin... |
| 16.02.2026 | 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.... |
| 19.01.2026 | 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... |
| 15.01.2026 | 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... |
| 26.02.2025 | 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 ... |
| 28.12.2024 | 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... |
| 27.12.2024 | 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 ... |
| 21.08.2024 | 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... |
| 21.08.2024 | 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... |
| 11.06.2024 | 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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