Worldwide there are 2 billion people that have no or only limited access to financial services. Most of them are in emerging markets. To solve this problem FairMoney has created an android application which is using smartphone data to build instant credit scores and give loans to individuals & small businesses (operating today in Nigeria).
Our ambition: becoming the leading digital bank of emerging markets.
FairMoney has been created in 2017. In February 2019, we crossed the bar of the 400,000 disbursed loans, raised 10m EUR and want to reach 1 million disbursed loans by the end of the year. We plan to open 4 new countries this year and create new functionalities for our customers such as savings, payments and debit accounts.