For thousands of Nigerians trying to start a business, expand an enterprise, or simply bridge everyday financial gaps, access to credit often determines whether opportunity moves forward or stalls.
Over the past year, FairMoney Microfinance Bank has quietly become one of the engines keeping that momentum alive, disbursing more than ₦150 billion in loans to individuals and businesses across the country.
At the same time, the bank returned over ₦7 billion in interest to savers, rewarding customers who chose to grow their money within the formal financial system.
Founded in 2021, FairMoney entered Nigeria’s fintech space at a time when quick, reliable credit was still largely out of reach for many.
What began as a platform focused on rapid loan access has since evolved into a fully licensed microfinance bank, reflecting both scale and growing trust in its model.
Along that journey, FairMoney has steadily expanded its offerings beyond lending, building a digital banking ecosystem designed to meet customers at different stages of their financial lives.
Today, the bank provides a broad range of services, from high-interest savings accounts and fixed deposits to current accounts, debit cards, and POS solutions for businesses, all structured to make everyday banking simpler, faster, and more accessible.
The emphasis remains clear: remove friction, lower barriers, and bring more Nigerians into the financial mainstream.
In an economy where millions remain underserved by traditional banking, FairMoney’s growth story is less about balance-sheet milestones and more about financial inclusion at scale, one loan, one savings account, and one customer at a time.
As a technology-enabled bank, FairMoney leverages advanced tools, including AI and machine learning algorithms, to analyse extensive financial and alternative data from smartphone usage and user-provided information.
By creating unique credit scores to assess risk, FairMoney enables fast, collateral-free lending to underserved segments, ensuring creditworthiness is evaluated beyond traditional banking criteria.
“Our record loan disbursements and savings pay-outs over the past year are more than just numbers; they represent our unwavering tenacity in supporting the Nigerian financial ecosystem,” said Henry Obiekea, managing director of FairMoney MFB. “At FairMoney, we are driven by the knowledge that our platform provides the essential capital for individuals to thrive and for businesses to scale. Our savings products provide both retail and business customers with inflation-beating returns, ensuring genuine wealth preservation. We remain deeply committed to closing the financial gap and empowering our community.”
Operating as a Central Bank of Nigeria (CBN) licensed institution, FairMoney adheres to all CBN guidelines and is strictly regulated to ensure that deposits are insured by the Nigeria Deposit Insurance Corporation (NDIC).
Furthermore, the bank prioritizes data protection under the Nigeria Data Protection Regulation (NDPR) and maintains bank-grade security protocols.
Throughout 2025, the Nigerian financial ecosystem operated under the strategic framework of the CBN’s “Payment Systems Vision 2025,” successfully transitioning the nation toward a more inclusive, stable, and cashless economy.
By October 2025, Nigeria recorded a massive surge in electronic payments. Total e-payment transactions reached record highs, with instant bank transfers accounting for nearly 70% of all electronic transactions.
FairMoney played its part as a conduit, creating a significant digital footprint through the disbursement of loans and the payment of savings interest to customers.
“Our efforts in 2025 were defined by an unwavering commitment to financial inclusivity and a customer-centric mission rooted in fairness, empowerment, and consumer confidence,” stated Obiekea. “As we move into 2026, we remain resolute in our mission to uphold these values and drive the continued growth and resilience of Nigeria’s financial landscape.”
