FairMoney Microfinance Bank (MFB) has crossed a major milestone in Nigeria’s fast-evolving digital banking space, disbursing more than N150 billion in loans over the past year while paying over N7 billion in interest to savings customers, underscoring the growing role of fintech-led banks in expanding access to credit and rewarding savings.
Henry Obiekea, managing director of FairMoney MFB, in a press statement, released on Monday, said, the company’s record loan disbursements and savings pay-outs over the past year are more than just numbers, as they represent its unwavering tenacity in supporting the Nigerian financial ecosystem.
“At FairMoney, we are driven by the knowledge that our platform provides essential capital for individuals to thrive and for businesses to scale,” Obiekea affirmed.
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The performance comes as Nigeria’s financial ecosystem continues its shift towards a more digital and inclusive economy, driven by rising electronic payments, regulatory support, and increased consumer trust in licensed digital banks.
Founded in 2021, FairMoney began as a rapid credit platform focused on providing quick, unsecured loans to individuals who had limited access to traditional banking services. Since then, the company has scaled into a fully licensed microfinance bank regulated by the Central Bank of Nigeria (CBN), broadening its offerings to include savings accounts, fixed-term deposits, current accounts, debit cards, and POS solutions for businesses.
The latest figures reflect not just growth in lending volumes, but a parallel expansion in savings activity, as customers increasingly seek higher-yield digital alternatives amid inflationary pressures. According to the bank, total interest paid to savers exceeded N7 billion within the same period the N150 billion lending threshold was reached.
Obiekea added that FairMoney’s savings products are designed to offer inflation-beating returns to both retail and business customers, helping users preserve value in an economy where rising prices have eroded purchasing power. “We remain deeply committed to closing the financial gap and empowering our community,” he said.
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At the core of FairMoney’s lending model is its technology-driven approach to risk assessment. The bank deploys artificial intelligence and machine learning algorithms to analyse large volumes of financial and alternative data, including smartphone usage patterns and customer-provided information. This allows the institution to generate proprietary credit scores and extend fast, collateral-free loans to individuals and small businesses that would typically fall outside conventional banking criteria.
This model has enabled FairMoney to scale credit access while maintaining risk controls, a balance that has long challenged Nigeria’s financial sector, particularly in the micro and small business segment.
Operating as a CBN-licensed institution, FairMoney said it adheres strictly to regulatory requirements, with customer deposits insured by the Nigeria Deposit Insurance Corporation (NDIC). The bank also highlighted its compliance with the Nigeria Data Protection Regulation (NDPR) and the deployment of bank-grade security infrastructure to safeguard customer data and funds.
The bank’s growth over the past year also aligns with broader developments in Nigeria’s payments landscape. Under the CBN’s Payment Systems Vision 2025, the country has seen a sharp increase in electronic transactions. By October 2025, instant bank transfers accounted for nearly 70 percent of all electronic payments, reflecting a decisive move away from cash.
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FairMoney said its loan disbursements and savings interest payments contributed to this expanding digital footprint, as more customers transact, save, and borrow entirely through digital channels.
“Our efforts in 2025 were defined by an unwavering commitment to financial inclusivity and a customer-centric mission rooted in fairness, empowerment, and consumer confidence. As we move into 2026, we remain resolute in our mission to uphold these values and drive the continued growth and resilience of Nigeria’s financial landscape,” Obiekea said.
As competition intensifies among digital banks and fintech players, FairMoney’s twin milestones of N150 billion in loans and N7 billion in savings interest point to a maturing business model, one that increasingly blends scale, technology, and regulatory compliance in Nigeria’s push for a more inclusive financial system.