FairMoney is a leading financial services provider in Nigeria. Over the past 3.5 years, our Android application has been downloaded by over 3 million people and we have been able to serve more than a million customers by providing them loans to fulfil their needs - two-thirds of whom have been small and micro businesses, using their loans to build and grow their businesses. We have disbursed over 1 million loans over this period. Our average loan amounts have grown from around 60$ to over 100$ over the past 12 months, our longest loan tenures have gone from 3 months to 12 months and the highest loan amounts have gone from 200$ to nearly 2000$.

In 2020 FairMoney entered India with the strong ambition to replicate the same success story. After 6 months in the market, the FairMoney app has been downloaded by more than half a million users. Disbursing around 1,000 loans a day in India only, We aim at multiplying our business by a factor of 30 in the coming year.

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