FairMoney

We are rebuilding Africa's Money story!

General Information
Company Name
FairMoney
Founded Year
2017
Location (Offices)
France +3
Founders / Decision Makers
Number of Employees
1013
Industries
Financial Services, Fintech, Internet +3
Funding Stage
Series B
Social Media

FairMoney - Company Profile

FairMoney is a fintech startup focused on providing digital financial services to emerging markets, with a primary focus on Nigeria. The company offers a range of financial products including instant digital loans, investment products, savings, payments, and cards directly through its mobile app. With over 10 million downloads, FairMoney boasts the title of the most downloaded fintech app in Nigeria and is recognized as the #1 digital bank in the country. Additionally, the company provides over 10,000 loans daily and has amassed a user base of 6 million in Nigeria and India. FairMoney has received substantial backing, raising $89.9M in funding from international investors. The most recent investment was a $42.00M Series B investment led by Newfund, Speedinvest, DST Global, Tiger Global Management, and Flourish Ventures on 02 July 2021. Headquartered in France, FairMoney has a team of nearly 600 individuals spread across 3 continents. The company's mission is to bring financial inclusion to underbanked individuals in emerging markets and it emphasizes qualities like Growth Mindset, Big Plans, Bigger Ambitions, Talent has no Passport and Client-Centric Approach in its team members.

Taxonomy: Mobile banking, Digital financial services, Financial inclusion, Credit-led services, Digital loans, Investment products, Payments solutions, International expansion, Remote work culture, Talent acquisition, Customer empathy, Growth mindset, Emerging markets, Impact-driven mission

Funding Rounds & Investors of FairMoney (4)

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Funding Stage Amount No. Investors Investors Date
Series B $42.00M 5 02 Jul 2021
Debt Financing $13.00M 1 Lendable 02 Jun 2020
Series A $11.10M 4 16 Sep 2019
Seed Round €1.20M 3 27 May 2018

Latest News of FairMoney

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No recent news or press coverage available for FairMoney.

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