FairMoney

Overview

FairMoney is a Nigerian digital banking and lending platform that launched in 2017. It offers a range of financial services through its mobile application, including instant loans, savings accounts, bill payment services, and investment products. With over 17 million app downloads, it has established itself as one of Nigeria's leading neobanks.

FairMoney provides instant loans assessed using alternative data and machine learning algorithms, high-interest savings accounts, and digital banking services. The platform also offers investment products and business loans, catering to both individual and business needs. Its credit-led strategy focuses on acquiring customers through immediate loan offerings and then cross-selling additional banking services, serving over 5 million users and processing more than 10,000 loan disbursements daily to support underserved consumers in Nigeria and expand across Africa.

Basic Information

Contact Details

• Website: fairmoney.io
• LinkedIn: linkedin.com/company/fairmoney

Key Focus Areas & Initiatives

• Finance technology solutions
• Digital banking and lending
• Instant mobile loans
• Savings accounts and investment products
• Machine learning–based credit assessment
• Financial inclusion for underserved consumers
• Mobile banking services in Nigeria and across Africa
• Bill payment services and digital wallet
• Business loans for SMEs

Technologies Used

• .NET
• AI
• AMP
• AWS Elastic Beanstalk
• AWS Trusted Advisor
• Adjust
• Adobe Media Optimizer
• Airflow
• Amazon AWS
• Amazon Kinesis
• Amazon S3
• Android
• AppsFlyer
• Aurora
• C#
• Cedexis Radar
• Cloudinary
• Facebook
• Facebook Custom Audiences
• Facebook Login (Connect)
• Facebook Widget
• Firebase
• Flask
• Git
• Gmail
• Google
• Google Ads
• Google Analytics
• Google Analytics 4 (GA4)
• Google Apps
• Google Cloud BigQuery
• Google Cloud Composer
• Google Cloud Platform
• Google Cloud Storage
• Google Font API
• Google Play
• Google Tag Manager
• Kiosked
• LAMMPS
• Looker
• Meta Ads
• Meta Ads Manager
• Metabase
• Microsoft Azure Monitor
• Microsoft Office 365
• Microsoft.NET Core 3.1
• Mobile Friendly
• NetSuite
• Netlify
• Next.js
• Ning
• PowerBI Tiles
• Python
• React
• React Native
• Remote
• Route 53
• Ruby On Rails
• SAP
• SQL
• ShareASale
• Sidekiq Pro
• Tableau
• TikTok
• TikTok Ads
• Travis CI
• Twitter Advertising
• TypeScript
• Vimeo
• VueJS
• WordPress.org
• Workable
• dbt
• go+

Affiliated Organizations & Regional Branches

• FairMoney Business
• PayForce