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.

As of Jul 6, 2026, FairMoney is rated 4.6 on the App Store from 14.1K reviews and 4.5 on Google Play from 929.1K reviews with 10M+ installs.