FairMoney
Liners checked this listing or its product relationship to a reasonable extent. Verification is not an endorsement or product test. How verification worksA Nigerian digital banking app offering collateral-free personal and business loans, bank accounts with free transfers, savings products, bill payments, and POS services.
FairMoney Product Overview
Is FairMoney Right for You?
Liners prepares and updates these highlights as product information changes. Editorial standardsBest For
- Nigerian salary earners
- Small business owners
What It Does Well
- Instant loan approvals
- Collateral free loans
Things to Check
- Loan repayment terms
- Late payment rules
About FairMoney
FairMoney is a Nigerian digital banking and lending app for individuals and SMEs who need everyday banking, savings, and fast access to credit.
Key capabilities include:
- Instant personal loans with up to ₦3,000,000 available in about 5 minutes, with no collateral stated on the product page
- SME loans offering up to ₦5,000,000 to help small businesses access working capital
- Savings products including FairSave (interest paid daily) and FairLock (fixed term deposits) with listed interest rates on the site
- Payments and merchant tools, including bill payments (site mentions discounts and zero transaction fees), ATM cards (site mentions cashback), and POS service via the Payforce network for accepting payments
Available on Android and iOS.
It primarily serves consumers and small businesses in Nigeria who want a mobile-first bank account, savings options, and credit in one place.
Notable in Nigeria’s fintech market for operating as a Microfinance Bank, reporting millions of users and app downloads, and processing 10,000+ loan disbursements per day based on figures published on its website.
FairMoney Facts
Liners compiles product facts from official websites, app stores, documentation, trusted public sources, and details shared by product teams during editorial review. We also consider crowdsourced updates when they include verifiable evidence, and refresh facts as information changes. How we source dataAs of Oct 5, 2026, FairMoney is rated 4.6 on the App Store from 14.5K reviews and 4.5 on Google Play from 944.3K reviews with 10M+ installs.
Recent Reviews for FairMoney
Reviews reflect each reviewer's opinion. Companies cannot pay to alter or remove reviews. A verified review includes proof that Liners checked to an extent. Learn how reviews workHow is the score calculated?
Every product starts at a 3.5-star baseline worth 7 reviews. Each approved review pulls the score toward the real average, so a product with one 5-star review shows about 3.7.
Learn how reviews work
NG · 4 reviews
Jun 9, 2026
One late payment and someone can no longer use the app again after been up to date for a very long while
NG · 2 reviews
Jun 1, 2026
Seamless transaction, loan application and approval are fast with little interest and reasonable payment plan.
Compare FairMoney With Similar Products
FairMoney Funding History
Liners compiles funding history from company announcements, investor records, and trusted reporting. We refresh it as new rounds are confirmed. How we source dataFairMoney has raised $107.6M across 8 recorded funding events. The latest was Debt Financing in Jun 2023.
- Total Raised:
- $107.6M
- Latest Round:
- Debt Financing
FairMoney Founders & Leadership Team
Liners compiles leadership profiles from official company pages, professional profiles, and trusted public sources. We refresh them as teams change. How we source data
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Latest FairMoney News & Updates
Liners collects product news from official company updates and trusted publications. We refresh coverage as new articles are published. How we source dataSign in to see all 24 articles
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Jobs at FairMoney
| Title | Posted |
|---|---|
| Engineering Manager (RCL) | Sep 23, 2026 |
| Engineering Manager (Identity) | Sep 23, 2026 |
Sign in to see all 29 open positions
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Frequently Asked Questions About FairMoney
FairMoney is a digital bank and lending platform that provides instant personal and business loans, savings accounts, banking services, and payment tools through a mobile app. Users download the app, apply for loans without collateral or paperwork, get approvals in minutes, and receive funds quickly; they can also save with high-interest options like FairSave and FairLock, make transactions with an ATM card, and handle bill payments.
FairMoney offers loans with transparent pricing and zero hidden charges on bill payments and bank transfers. Savings features like FairSave and FairLock provide up to 30% interest on deposits; loan interest rates and exact costs vary by loan size and repayment term.
FairMoney operates in Nigeria nationwide and is expanding into India.
Download the FairMoney app from the App Store or Google Play, complete the simple registration with your details, and use facial recognition for verification. Loans and other services become available after approval, often in minutes.
Yes, FairMoney is available on iOS and Android.
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