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, Lagos State
Employees: 51-200
Total raised: $42M
Founded date: 2017
Investors 2
| Date | Name | Website |
| 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 11
| Date | Title | Description |
| 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... |
| 19.03.2024 | Branching Out: Oradian Leverages Nigerian Roots to Enable Regional Expansions for FinTechs. | The bustling streets of Lagos, hold a role model for innovation: Oradian, a core banking platform provider on a mission to empower financial institutions to expand their reach. Unlike competitors who parachute in from afar, Oradian has chos... |
| 05.02.2023 | Ovni Capital is a new French VC firm backing startups with global ambitions | If you’re a French entrepreneur, there’s a new venture capital firm in town. Ovni Capital is announcing a first closing of its €50 million fund ($54 million at today’s exchange rate) focused on early-stage investments. The firm’s two genera... |
| 20.05.2021 | Hearth, a loan app for home repair contractors, announces $23M Series B | Slowly but surely, contractors are digitizing their processes and payment flows. And now, with the help of Hearth, they can also offer convenient loans to customers on their phones. The Austin, Texas-based company founded in 2016 by CEO Ant... |
| 20.09.2019 | From loans to digital banking: FairMoney eyes growth in Nigeria | Microlending platform FairMoney offers small loans of between N1,500 – N150,000 to Nigerian with maturities of 1-3 months. To determine who is fit to receive a loan or not, an algorithm allows the company evaluate an individual’s creditwort... |
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