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FairMoney
FairMoney is a digital bank and fintech company operating in the financial services sector. It offers personal and business loans, savings accounts, fixed-term...
FairMoney
FairMoney is a digital bank and fintech company operating in the financial services sector. It offers personal and business loans, savings accounts, fixed-term deposits, and a mobile banking application for bill payments and transactions. Founded in 2017, FairMoney is based in Ikeja, Nigeria.
General information
Firm type
Asset Manager
Year founded
2017
Location
Region
Africa
Country
Nigeria
City
Lagos
Corporate office
Lagos, Nigeria
Additional offices
Paris, France · Mumbai, India
Principals
Mathieu Flamini
Co-Founder & Executive Chairman
Nicolas Berdou
Co-Founder & CEO
Nnenna C. Aneke
Chief Operating Officer
Sector focus
Frequently asked questions
Who runs investment decisions at FairMoney?
Investment decisions, including credit policy and capital allocation, are led by co-founder and CEO Nicolas Berdou, along with co-founder and Executive Chairman Mathieu Flamini. The firm also leans on a data science team to set lending algorithms.
How does FairMoney source proprietary deal flow?
FairMoney originates loans directly through its mobile app, which has been downloaded over 5 million times across Nigeria and India. The platform leverages smartphone data for credit underwriting rather than relying on partnerships or third-party data aggregators.
Is FairMoney structured as a single family office or does it operate more like a venture firm?
FairMoney is not a family office but a regulated fintech company operating digital lending platforms. It is funded by venture capital investors including Flourish Ventures and Newfund (per TechCrunch, 2023).
Does FairMoney participate in fund commitments or only direct deals?
FairMoney does not make fund commitments. It operates as an operating company deploying capital directly into consumer loans through its proprietary app. Its AUM represents the loan portfolio on its balance sheet.
What geographies does FairMoney operate in?
FairMoney has active lending operations in Nigeria and India, with its headquarters located in Lagos, Nigeria. It also has an office in Paris, France, primarily focused on technology and product development.
Which sectors does FairMoney avoid?
The firm focuses exclusively on unsecured consumer lending in emerging markets. It does not invest in real estate, venture capital, or other asset classes.
Where does the underlying wealth come from?
FairMoney raises its lending capital from a combination of venture equity—totaling about $42M (per TechCrunch, 2023)—and debt facilities from institutional lenders. The underlying wealth origin is the institutional and venture capital allocated to fintech lending.
Profile maintained by Altss using OSINT (open-source intelligence), regulatory filings, licensed data partners, and verified direct submissions. Read the methodology. Last updated: . Continuous refresh with full update cycles at least every 30 days.
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