FairMoney is a fintech company building a mobile bank for emerging markets, offering digital financial services to merchants and consumers. The company operates from offices in Paris, Bangalore, Lagos, and Riga, employing close to 600 people across three continents. It has secured $89.9 million in funding.
The company's product suite, accessible via a mobile app, includes near-instant digital loans, savings, investment products, payments, and cards. Its lending operation processes 10,000 loans daily in Nigeria and India, with one loan issued approximately every eight seconds. In Nigeria alone, the FairMoney app has recorded over 10 million downloads and serves over 6 million users.
FairMoney's stated mission centres on financial inclusion for underbanked populations in emerging markets. The company describes its culture as impact-driven, with international exposure stemming from its multi-continental office presence.
