FairMoney has announced that it disbursed over ₦150 billion in loans over the past year. The fintech company also recorded a total interest payout on savings exceeding ₦7 billion within the same period.
FairMoney Microfinance Bank (MFB) began operations in 2021 as one of the country’s pioneer platforms for rapid credit access. In line with its commitment to driving financial inclusivity, the institution has made significant strides in delivering loans to both individuals and businesses.
Beyond expanding access to finance, FairMoney has successfully scaled its operations, evolving into a full-fledged licensed microfinance bank. It now offers a comprehensive suite of services, including high-interest savings accounts, fixed-term deposits, current accounts, debit cards, and POS solutions for businesses, all aimed at fostering financial inclusion through ease of use and competitive transaction rates.
As a technology-enabled bank, FairMoney leverages advanced tools, including AI and machine learning algorithms, to analyse extensive financial and alternative data from smartphone usage and user-provided information.
By creating unique credit scores to assess risk, FairMoney enables fast, collateral-free lending to underserved segments, ensuring creditworthiness is evaluated beyond traditional banking criteria.
Statements from FairMoney Leadership
“Our record loan disbursements and savings pay-outs over the past year are more than just numbers; they represent our unwavering tenacity in supporting the Nigerian financial ecosystem,” said Henry Obiekea, Managing Director of FairMoney MFB.
“At FairMoney, we are driven by the knowledge that our platform provides the essential capital for individuals to thrive and for businesses to scale. Our savings products provide both retail and business customers with inflation-beating returns, ensuring genuine wealth preservation. We remain deeply committed to closing the financial gap and empowering our community.”
“Our efforts in 2025 were defined by an unwavering commitment to financial inclusivity and a customer-centric mission rooted in fairness, empowerment, and consumer confidence,” stated Obiekea. “As we move into 2026, we remain resolute in our mission to uphold these values and drive the continued growth and resilience of Nigeria’s financial landscape.”
Operational Framework and Regulatory Compliance
Operating as a Central Bank of Nigeria (CBN) licensed institution, FairMoney adheres to all CBN guidelines and is strictly regulated to ensure that deposits are insured by the Nigeria Deposit Insurance Corporation (NDIC). Furthermore, the bank prioritises data protection under the Nigeria Data Protection Regulation (NDPR) and maintains bank-grade security protocols.
Throughout 2025, the Nigerian financial ecosystem operated under the strategic framework of the CBN’s “Payment Systems Vision 2025,” successfully transitioning the nation toward a more inclusive, stable, and cashless economy.
By October 2025, Nigeria recorded a massive surge in electronic payments. Total e-payment transactions reached record highs, with instant bank transfers accounting for nearly 70% of all electronic transactions.
FairMoney played its part as a conduit, creating a significant digital footprint through the disbursement of loans and the payment of savings interest to customers.