Fairmoney Microfinance Bank Overview
- Year Founded
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2017
- Status
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Private
- Employees
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918
- Latest Deal Type
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Later Stage VC
- Investors
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18
Fairmoney Microfinance Bank General Information
Description
Developer of a mobile banking application designed to provide instant cash loans. The company's application offers a credit scoring algorithm based on data from a smartphone, granting access to credit for underbanked populations in emerging countries, along with fast and secure business, medical, car, and personal loans, enabling customers to access loans at competitive interest rates.
Contact Information
Website
fairmoney.ioCorporate Office
- 28 Pade Odanye close
- Off Adeniyi Jones
- Ikeja, Lagos
- Nigeria
Corporate Office
- 28 Pade Odanye close
- Off Adeniyi Jones
- Ikeja, Lagos
- Nigeria
Fairmoney Microfinance Bank Valuation & Funding
| Deal Type | Date | Amount | Raised to Date | Post-Val | Status | Stage |
|---|---|---|---|---|---|---|
| 8. Later Stage VC | 13-Nov-2025 | Completed | Generating Revenue | |||
| 7. Later Stage VC | 01-Jul-2024 | Completed | Generating Revenue | |||
| 6. Early Stage VC | 20-Oct-2021 | Completed | Generating Revenue | |||
| 5. Secondary Transaction - Private | Completed | Generating Revenue | ||||
| 4. Early Stage VC (Series B) | 01-Jan-2021 | Completed | Generating Revenue | |||
| 3. Early Stage VC (Series A) | 17-Sep-2019 | Completed | Generating Revenue | |||
| 2. Accelerator/Incubator | 16-Jun-2018 | $4.4M | Completed | Generating Revenue | ||
| 1. Seed Round | 27-May-2018 | $4.4M | $4.4M | Completed | Generating Revenue |
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Fairmoney Microfinance Bank Comparisons
Industry
Financing
Details
Fairmoney Microfinance Bank Competitors (26)
One of Fairmoney Microfinance Bank’s 26 competitors is QuickCheck (Consumer Finance), a Venture Capital-Backed company based in Ikeja, Nigeria.
| Company Name | Financing Status | Location | Employees | Total Raised | Last Financing Date/Type | Last Financing Amount |
|---|---|---|---|---|---|---|
| QuickCheck (Consumer Finance) | Venture Capital-Backed | Ikeja, Nigeria | ||||
| Moniepoint | Venture Capital-Backed | London, United Kingdom | ||||
| Paystack | Formerly VC-backed | Lagos, Nigeria | ||||
| VoguePay | Corporation | Ikeja, Nigeria | ||||
| SwipeSimple | Private Equity-Backed | New York, NY |
Fairmoney Microfinance Bank Related Research & Analysis
Explore institutional-grade private market research from our team of analysts.
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Fairmoney Microfinance Bank Signals
Growth Rate
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Key Data Points
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Majestic Referring Domains
Fairmoney Microfinance Bank Investors (18)
| Investor Name | Investor Type | Holding | Investor Since | Participating Rounds |
|---|---|---|---|---|
| Aruwa Capital Management | Growth/Expansion | Minority | ||
| Cauris | Lender/Debt Provider | Minority | ||
| HAVAIC | Venture Capital | Minority | ||
| Kinled Holding | Family Office | Minority | ||
| TLcom Capital | Venture Capital | Minority |
Fairmoney Microfinance Bank Investments & Acquisitions (2)
Fairmoney Microfinance Bank’s most recent deal was a Seed Round with MoneyHash for . The deal was made on 08-May-2025.
| Company Name | Deal Date | Deal Type | Deal Size | Industry | Lead Partner |
|---|---|---|---|---|---|
| MoneyHash | 08-May-2025 | Seed Round | Other Financial Services | ||
| CrowdForce | 14-Mar-2023 | Merger/Acquisition | Business/Productivity Software |
Fairmoney Microfinance Bank FAQs
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When was Fairmoney Microfinance Bank founded?
Fairmoney Microfinance Bank was founded in 2017.
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Where is Fairmoney Microfinance Bank headquartered?
Fairmoney Microfinance Bank is headquartered in Ikeja, Nigeria.
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What is the size of Fairmoney Microfinance Bank?
Fairmoney Microfinance Bank has 918 total employees.
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What industry is Fairmoney Microfinance Bank in?
Fairmoney Microfinance Bank’s primary industry is Consumer Finance.
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Is Fairmoney Microfinance Bank a private or public company?
Fairmoney Microfinance Bank is a Private company.
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What is Fairmoney Microfinance Bank’s current revenue?
The current revenue for Fairmoney Microfinance Bank is .
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How much funding has Fairmoney Microfinance Bank raised over time?
Fairmoney Microfinance Bank has raised $57.4M.
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Who are Fairmoney Microfinance Bank’s investors?
Aruwa Capital Management, Cauris, HAVAIC, Kinled Holding, and TLcom Capital are 5 of 18 investors who have invested in Fairmoney Microfinance Bank.
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Who are Fairmoney Microfinance Bank’s competitors?
QuickCheck (Consumer Finance), Moniepoint, Paystack, VoguePay, and SwipeSimple are some of the 26 competitors of Fairmoney Microfinance Bank.
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