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StartupSeries BB2CFinance

FairMoney

Building the leading mobile bank in emerging markets

Nigeria Lagos Founded 2017 501-1000 Website
Total Raised$82.0MSee the rounds
StageSeries B
Users8M+ users
Operating Since2017 (9y)

About FairMoney

FairMoney is a mobile banking platform providing instant loans, savings accounts, and payment services. The company leverages machine learning for credit scoring and has obtained a microfinance banking license from the Central Bank of Nigeria, enabling it to offer a full suite of banking services.

Funding

Total Raised$82.0M
Last Round$42.0MSeries B

Rounds

Debt FacilityJan 1, 2023
$30.0M
Series BJun 1, 2022
$42.0M

Lead: Tiger Global

Investors

Tiger GlobalDST Global PartnersFlourish VenturesNewfund CapitalSpeedinvest

Leadership & Team

Founder(s)

CEO

Traction & Recognition

Users8M+ users

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Quick Facts

CountryNigeria
Founded2017
TypeStartup
ModelB2C
Team size501-1000
Operating in
NigeriaIndia