FairMoney Microfinance Bank (MFB) has marked a major milestone in Nigeria’s digital banking sector, disbursing more than N150 billion in loans over 2025 while paying over N7 billion in interest to its savings customers. The dual achievement underscores the rising influence of fintech-led banks in expanding credit access and offering attractive returns to savers amid an evolving economy.
Henry Obiekea, managing director of FairMoney MFB, said the bank’s performance reflects a steadfast commitment to providing essential capital for individuals and businesses across Nigeria. “Our mission is to ensure our platform empowers people to thrive financially while supporting business growth,” he stated in a press release.
Brandspur Banking News Desk reports that FairMoney’s growth is part of a broader trend in Nigeria’s financial ecosystem, which is rapidly shifting toward digital inclusion. Regulatory support, rising adoption of electronic payments, and increasing trust in licensed digital banks have all contributed to the fintech’s expansion.
Founded in 2021 as a rapid credit platform, FairMoney initially focused on providing unsecured loans to individuals underserved by traditional banks. Over time, it evolved into a fully licensed microfinance bank under the Central Bank of Nigeria (CBN), broadening its services to include savings accounts, fixed-term deposits, current accounts, debit cards, and POS solutions for businesses.
The bank’s AI-driven lending model uses proprietary algorithms to assess credit risk from financial and alternative data sources, including smartphone usage patterns. This approach enables FairMoney to extend fast, collateral-free loans to individuals and small businesses traditionally excluded from conventional banking.
Obiekea highlighted that the bank’s savings products are designed to deliver competitive, inflation-beating returns. Over N7 billion in interest payments in 2025 demonstrates growing consumer confidence in digital financial products, as Nigerians seek to protect their wealth in a high-inflation environment.
The bank also adheres strictly to CBN regulations, with deposits insured by the Nigeria Deposit Insurance Corporation (NDIC), and maintains compliance with the Nigeria Data Protection Regulation (NDPR). Security protocols ensure that both customer funds and data are safeguarded to banking-grade standards.
FairMoney’s achievements align with Nigeria’s Payment Systems Vision 2025, which has driven a surge in electronic transactions. By October 2025, nearly 70 percent of electronic payments were conducted via instant bank transfers, highlighting a significant shift away from cash. The fintech’s loan disbursements and savings interest payments have helped accelerate this digital transition, expanding its footprint and influence in the financial sector.
Obiekea added, “Our success in 2025 reflects an unwavering focus on financial inclusion, customer empowerment, and operational excellence. As we enter 2026, we are committed to building on these milestones to support Nigeria’s growing digital economy and strengthen resilience in the financial sector.”
With the N150 billion lending milestone and N7 billion in savings interest paid, FairMoney demonstrates that scalable digital banking, technology-driven credit, and regulatory compliance can drive sustainable growth while expanding access to finance for Nigerians nationwide.
