# FairMoney

FairMoney is an Asset Manager based in Lagos, Nigeria.

## Overview

- **Organization type:** Asset Manager
- **Headquarters:** Lagos, Nigeria
- **Region:** Africa
- **Address:** Lagos, Nigeria
- **Founded:** 2017
- **Assets under management:** $100M-$500M (Altss estimate)
- **Website:** fairmoney.io
- **LinkedIn:** https://www.linkedin.com/company/fairmoney

## Regulatory record

- **Reports private funds:** No

## About

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.

## Sectors

- FinTech
- Digital Lending
- Financial Inclusion
- AI/ML

## Offices

- Paris, France
- Mumbai, India

## People

- Mathieu Flamini — Co-Founder & Executive Chairman
- Nicolas Berdou — Co-Founder & CEO
- Nnenna C. Aneke — Chief Operating Officer

## 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.

### 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.

## Related profiles

- [Hedonova Advisors](https://altss.com/profile/hedonova-advisors)

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Last updated: 2026-06-03T20:00:00.000Z

Canonical page: https://altss.com/profile/fairmoney

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