What is AjoMoney and how does it work?

AjoMoney is a digital platform offering rotating savings groups (Ajo/Esusu), thrift contribution plans with up to 20% interest per annum and micro-loans, personal savings with up to 12% interest, investment clans, buy now pay later, and cooperative management. Users join rotating savings by connecting a payment card and selecting a group, save consistently in thrift plans for credit access, set personal goals with a minimum of ₦500 locked for 90 days, invest collectively, or shop on installment with virtual cards.

How much does AjoMoney cost?

There are no hidden fees. Deposits into and transfers from AjoWallet cost ₦50, while AjoPay wallet transactions are free; default fees apply for missed thrift contributions, such as ₦500 monthly or ₦1000 administrative.

What countries does AjoMoney operate in?

AjoMoney operates primarily in Nigeria, with its digital savings platform, app features, and micro-credit services tailored specifically for the Nigerian market. The app allows users to digitize traditional group savings (known locally as ajo, esusu, or adashe) and access financial services.

How do I sign up for AjoMoney?

Complete account setup, connect your payment card, and start payments on the app. You need a minimum of ₦500 in your AjoWallet for personal savings.

Does AjoMoney have a mobile app?

Yes, AjoMoney has a mobile app. It is available on the Google Play Store.

Who is AjoMoney best suited for?

Ajo is best suited for individuals seeking rotating savings, thrift plans, personal savings, micro-loans, investments, buy now pay later, or cooperative management, especially underserved Africans, SMEs, corporate workers, cooperatives, merchants, and agents.

How do I contact AjoMoney support?

Contact Ajo support via live chat on the app or website.

Does AjoMoney offer an API or integrations?

Yes, AjoMoney offers a public API. View the official AjoMoney API documentation for endpoints, authentication, and integration guides.

AjoMoney

🇳🇬 Nigeria

A fintech platform for Nigerians that digitizes rotating group savings (ajo/esusu/adashe), thrift contributions, and personal savings, with wallet payments and virtual USD/NGN cards.

Use it on:Web API Android· 3.7

Is AjoMoney right for you?

Best for

Nigerian thrift groups
Ajo and esusu circles
Personal savings goals
Community savings agents
Underbanked Nigerians

What it does well

Digitised rotating savings
Thrift contribution tracking
Personal savings wallets
Bill payments
Virtual USD NGN cards

Things to check

Agent network coverage
Group setup rules
Payout and withdrawal time
Loan and BNPL terms
Card spending limits

AjoMoney is a Nigerian fintech platform that digitizes traditional rotating savings and credit groups (Ajo, Esusu, Adashe) for underserved individuals, SMEs, and corporate employees who want structured savings and access to zero-interest micro-credit.

Key capabilities include:

Rotating group savings (ROSCA): create or join savings groups where members contribute and take turns to receive a lump-sum collection.
Thrift contributions and personal savings: save daily, weekly, or monthly, with access to additional credit tied to saving behaviour (not positioned as an instant loan).
Investment clan: invest early collections in a clan for up to 15% ROI per annum (as stated on the website).
Wallet and payments: send and receive money, buy airtime and data, and pay utility bills.
Virtual USD/NGN card: pay in instalments at 1,000+ stores and use it for subscriptions.

Available on mobile app** (only on android), with a Partners API plus dedicated platforms for mobile agents, cooperatives, and business partners.

It targets Nigerians (services are only available to Nigerians), including unbanked and underbanked consumers, MSMEs, corporate workers, field agents, cooperatives, businesses, and developers building savings and credit products.

Notable in the Nigerian market context, it formalises community-based savings into digital workflows and is delivered via AjoPay Financial Technology Limited (RC: 1780015) and AjoPay Multipurpose Cooperative Society Limited, with investment and banking-related products offered through affiliates and licensed third-party partnerships.

As of Jun 29, 2026, AjoMoney is rated 3.7 on Google Play from 222 reviews with 10K+ installs.

Social Links:

Categories:

Fintech

Features & Business Model: