FairMoney logo — We are rebuilding Africa's Money story!

FairMoney

We are rebuilding Africa's Money story!

Founded 2017 France France 1273 employees Series B Total: $67.30M Financial Services, Fintech +4

General Information

Company Name FairMoney
Founded Year 2017
Location France France
Employees 1273
Industries Financial Services, Fintech, Internet +3
Funding Stage Series B
Business Model B2C, Embedded Finance, On Demand
Revenue Model Transaction Fee, Usage Based, Service Fee
Social

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About FairMoney

FairMoney, founded in 2017, is redefining digital banking for emerging markets with a mission to rebuild Africa's Money story. With headquarters in France, the company is focused on delivering Tier 1 digital financial services in Africa, especially in its core market, Nigeria. As the most downloaded fintech app in the nation, FairMoney boasts over 10 million downloads and extends its reach to a user base of over 6 million.

FairMoney's innovative suite of offerings includes near-instant digital loans, investment products, savings, payments, and cards, all accessible through its mobile app. They process a remarkable 10,000 loans daily in Nigeria and India. Supported by international investors, FairMoney has amassed $89.9M in funding, with a significant $42.00M Series B round concluded on 02 July 2021, backed by Newfund, Speedinvest, DST Global, and Flourish Ventures.

With a workforce of nearly 600 people across three continents—Paris, Bangalore, Lagos, and Riga—FairMoney is a testament to the belief that Talent Has No Passport. As it drives the fintech transformation in Africa, the company is persistent in its growth mindset, ambitiously charting a path to scale while striving for deeper customer empathy.

Business keywords: Digital Banking, Mobile Banking, Emerging Markets, Digital Loans, Financial Inclusion, Investment Products, Savings Solutions, Payments Services, Microfinance, Instant Loans, Credit Solutions, Banking Services, Remote Work, Impact-Driven

Services & Products

Digital Banking
Personal Loans
Savings Solutions
Flexible Credit Lines
Card Payments
Bill Payments

Target Customers

Individuals seeking financial stability Nigerians needing quick and easy access to banking services Customers looking for secure international money transfer options Users wanting flexible and high-interest savings accounts Customers requiring reliable customer support

Funding Rounds & Investors (4)

View All
Funding Stage Amount Investors Lead Investors Date
Series B $42.00M 4
Newfund, Speedinvest +2
02 Jul 2021
Debt Financing $13.00M 1
Lendable
02 Jun 2020
Series A $11.10M 4
Newfund, Speedinvest +2
16 Sep 2019
Seed Round €1.20M 3
Newfund, Speedinvest +1
27 May 2018

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FAQ About FairMoney

We are rebuilding Africa's Money story!
FairMoney was founded in 2017.
FairMoney is headquartered in France.
FairMoney operates in Financial Services, Fintech, Internet, Lending and Investments, Mobile and Banking. Its work centres on Digital Banking, Mobile Banking, Emerging Markets and Digital Loans. Its customers include Individuals seeking financial stability, Nigerians needing quick and easy access to banking services and Customers looking for secure international money transfer options.
FairMoney has a B2C, Embedded Finance and On Demand business model. Its revenue comes from Transaction Fee, Usage Based and Service Fee.
FairMoney has approximately 1273 employees.
FairMoney has completed 4 funding rounds, raising a total of $67.30M. The latest funding stage is Series B.
FairMoney offers: Digital Banking, Personal Loans, Savings Solutions, Flexible Credit Lines, Card Payments, Bill Payments.
Top alternatives and competitors to FairMoney include Fintonic, Branch International, Chime, Lendable, SoFi. These companies operate in related industries and serve comparable markets. You can compare them side by side on Bounce Watch.
FairMoney and Fintonic are both companies in similar industries. Compare their funding, team size, growth signals, and market position on Bounce Watch to see which one fits your needs.

Source: BounceWatch company record for FairMoney, https://bouncewatch.com/company/fairmoney, updated 17 May 2026. When citing, please name BounceWatch and link this page.

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