FAIRMONEY Microfinance Bank says it paid over N7bn in interest to savings customers, while loan disbursements exceeded N150bn in 2025.
The Managing Director, Mr Henry Obiekea, disclosed this in a statement issued in Lagos on Monday.
Obiekea said the milestones reflected the bank’s commitment to expanding access to finance and strengthening Nigeria’s financial ecosystem.
He said FairMoney began operations in 2021 as a digital lending platform before evolving into a fully licensed microfinance bank.
According to him, the bank now offers savings, fixed deposit and current accounts, debit cards and Point of Sale solutions for businesses.
“FairMoney’s operations are focused on driving financial inclusion through technology and competitive pricing,” Obiekea said.
He said the bank leverages artificial intelligence and machine learning to analyse financial data and generate credit scores for fast, collateral-free loans.
According to him, this approach enables FairMoney to assess creditworthiness beyond traditional banking models.
Obiekea said the bank operates under Central Bank of Nigeria regulation, with customer deposits insured by the Nigeria Deposit Insurance Corporation.
He added that FairMoney also complies with the Nigeria Data Protection Regulation.
Obiekea said the bank supported Nigeria’s digital payments growth in 2025, aligned with the CBN’s Payment Systems Vision 2025.
He said this was achieved by facilitating loan disbursements and savings interest payments through electronic channels.
“As we move into 2026, we remain committed to financial inclusion, consumer confidence and supporting Nigeria’s financial sector,” Obiekea said. (NAN)
