Series B FinTech

$42M

FairMoney

Nigeria June 2022 West Africa

About this Deal

FairMoney raised $42M Series B for digital banking expansion.

Investors

Lead: Tiger Global

Tiger Global DST Global Partners Flourish Ventures

Other Rounds by FairMoney

Debt Facility $30M Jan 2023

Deal Details

Amount$42M

TypeSeries B

InstrumentEquity

SectorFinTech

FounderMale-led

StatusClosed

Company

FairMoney
Startup · Lagos

Other Companies in this Market

See all

Sahara Group Bringing energy to life

First Bank of Nigeria Holdings Truly the first

Aluko & Oyebode Nigeria's premier law firm

Tolaram Group Nigeria Building businesses that matter

Konga Africa's reliable e-commerce

Tropical General Investments Group Investing in Africa's growth

People in this Space

See all

Oluwole Rasheed Sarumi Founder @ Saroafrica International

Reni Folawiyo Founder @ Alara Lagos

Bolanle Austen-Peters Founder @ Terra Kulture

Mira Mehta Founder @ Tomato Jos

Kola Masha Founder @ Babban Gona

Yemisi Iranloye Founder @ Psaltry International

Related News

See all

Stop Calling Them Neobanks: The Pan-African Retail Bank Has Arrived Kuda is now a nationally licensed Nigerian bank. FairMoney is a licensed microfinance bank with curr...

Why Nigeria's Open Banking Framework Will Underperform Its Promise Nigeria became the first African country to go live with formal open banking on 1 August 2025. The C...

African Wealthtech Needs to Admit It Is a Currency Hedge, Not a Wealth Builder PiggyVest has over 7 million users. Cowrywise passed 800,000. Bamboo and Risevest have built credibl...

How to Price and Structure B2B Supply Chain Finance in African Markets B2B supply chain finance is one of the most promising African fintech categories because it addresse...