What is Renmoney and how does it work?

Renmoney is a Nigerian fintech company that provides personal and business loans, savings accounts, and investment products. You can apply for loans through their website, mobile app, contact center, agent network, or physical branches in Lagos, with loans disbursed in approximately 5 minutes on average.

What countries does Renmoney operate in?

Renmoney operates in Nigeria, with physical branches in Lagos. The company is regulated by the Central Bank of Nigeria and insured by the Nigeria Deposit Insurance Corporation.

Does Renmoney have a mobile app?

Yes, Renmoney has a mobile application that allows you to apply for loans, manage savings accounts, and access other banking services.

Who is Renmoney best suited for?

Renmoney is designed for individuals needing personal loans for expenses and small business owners seeking business loans to start or scale their operations. The platform focuses on serving under-banked and underbanked populations.

Does Renmoney have a plan for teams or businesses?

Yes, Renmoney offers business loans for small and medium enterprises (SMEs) with loan amounts up to ₦10 million and flexible repayment terms of up to 24 months.

Does Renmoney offer an API or integrations?

Yes, Renmoney integrates with various fintech partners including Paystack, and its platform integrates with credit scoring engines, payment gateways, and CRM systems.

Renmoney

Rating: 3
Author: riliwanmustapha345

🇳🇬 Nigeria

A Nigerian digital banking platform for individuals and SMEs to access personal and business loans, earn interest on savings and fixed deposits, and pay bills.

Use it on:Web Android· 4.3 iOS

Is Renmoney right for you?

Best for

Nigerian individuals
Nigerian SMEs
Personal loan seekers
Business loan seekers
Bill payers

What it does well

Personal loans
Business loans
Interest-earning savings
Fixed deposits
Bill payments

Things to check

Loan eligibility rules
Repayment schedule options
Savings interest rates
Fixed deposit terms
Pricing fit

Renmoney is a Nigerian fintech platform that provides digital loans, savings and fixed deposits, and everyday banking services for individuals and small businesses.

Key capabilities include:

Personal and business loans with an online application flow designed to complete in a few steps, plus convenient repayment options.
Savings and fixed deposits that let customers earn interest on saved funds.
Payments and transfers to handle bill payments, airtime purchases, and send and receive money between Nigerian bank accounts.
Account access anytime with 24/7 availability for key services.

Available on Web and via mobile apps on Android and iOS.

The product primarily serves Nigerian consumers and SMEs, including employed and self-employed people who may be underserved by traditional commercial banks.

Renmoney is notable in Nigeria for operating as a Central Bank of Nigeria-licensed institution with NDIC-insured savings and deposit products, and for being an early adopter of cloud-based core banking to support digital-first lending and banking services.

As of Jun 29, 2026, Renmoney is rated 4.3 on Google Play from 51.1K reviews with 1M+ installs.

Phone:+234 700 500 0500

Social Links:

Categories:

Fintech

Features & Business Model:

b2c banking bill-payments lending microfinance-bank saas savings

Frequently Asked Questions About Renmoney

Recent Reviews for Renmoney

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riliwanmustapha345

US · 3 reviews

May 31, 2026

What I appreciated most is that Renmoney is upfront about their rates. Before I accepted the loan, I saw exactly how much I would pay back each month and the total interest.

DD Dave found 5 articles about Renmoney, from Apr 2019 to May 2026. See how we get product data

LiteFi Partners With Renmoney to Expand Loans in NigeriaLiners

May 23, 2026(about 1 month ago)

Mono Partner Story Says Renmoney Cut Underwriting 30%Liners

Apr 25, 2026(2 months ago)

RenMoney joins forces with GOtv Boxing Night 34 Jam Festival

Dec 16, 2025(7 months ago)

Boshoro Quits as Renmoney Microfinance Bank CEO

Oct 2, 2023(almost 3 years ago)

Renmoney Launches Mobile Experience Centers Across Lagos

Apr 10, 2019(about 7 years ago)

DD Dave found 59 positions at Renmoney across 5 locations. See how we get product data

Title	Location	Posted
Site Reliability Engineer (SRE)	Lagos, Lagos, Nigeria	Jun 19, 2026
Tax Intern	Lagos, Lagos, Nigeria	Jun 19, 2026
Verification Analyst	Lagos, Lagos, Nigeria	Jun 10, 2026
Information Security Governance Engineer	Lagos, Lagos, Nigeria	Jun 7, 2026
Internal Control Officer	Lagos, Lagos, Nigeria	Jun 7, 2026