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Tiger Global leads $42M Series B in Nigerian credit-led neobank FairMoney – TechCrunch

Tiger Global leads $42M Series B in Nigerian credit-led neobank FairMoney
Neobanks have led the charge as regards venture capital funding for consumer fintech startups. But while they have collectively dominated the fintech space, they don’t operate a monolithic model.
There are five distinct models, and the one adopted by Nubank, the $30 billion behemoth, is the credit-led model. Neobanks operating this model start by offering credit via cards or on an app and subsequently offer bank accounts as a gateway to other services.
Nigerian fintech startup FairMoney operates this model. Today, it is announcing a $42 million Series B raise to diversify its offerings and expand to “become the financial hub for its users.” ....

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Fair Money raises $42 million as it evolves into a digital bank

Fair Money raises $42 million as it evolves into a digital bank
techcabal.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from techcabal.com Daily Mail and Mail on Sunday newspapers.

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TechNigeria: A weekly digest of what went down in Nigeria's tech space

Since the Central Bank of Nigeria (CBN) issued the policy banning cryptocurrencies in Nigeria, most international tech companies have been exercising | ....

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The culture of empowerment at FairMoney leads to creation of right products for financial inclusion

The culture of empowerment at FairMoney leads to creation of right products for financial inclusion
yourstory.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from yourstory.com Daily Mail and Mail on Sunday newspapers.

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With over 1.3 million users, Nigerian-based fintech FairMoney wants to replicate growth in India – TechCrunch

There are more than 1.7 billion underbanked people globally, the majority of which are from emerging markets. For them, accessing loans can be difficult, which is a problem fintechs try to solve. One way they do this is by promoting financial inclusion by underwriting credit via a proprietary algorithm. One such company is FairMoney, which […] ....

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