FairMoney offers a different way to borrow money online without collateral –
“Akara and moin moin have the same parent, na wetin dem pass through makes them different– proverb from the Niger Delta.
A little over a year ago, in March 2018, FairMoney, an online lending platform, launched in Nigeria. Now, disbursing more than fifteen hundred loans a day, the company has helped thousands of individuals and small businesses get closer to their dreams and, most importantly, access critical financing made possible by the power of technology.
Customers access instant loans on FairMoney without collateral, detailed documentation or office visits, which generally makes borrowing money stressful for users.
FairMoney is taking customer experience to the next level and has launched an updated Android app to reflect this as it enters the next phase of growth. The new FairMoney app is easier to use and reflects the new brand which portrays the vision of providing access to financial services for everyone in Nigeria.
According to Joy Uzuegbu, head of growth and marketing at FairMoney, the short-term loan provider has optimized its processes and improved the overall customer experience.
How to get a loan on FairMoney
Get a loan on FairMoney is simple and straightforward, as described in a few steps below:
- Download the Android app from Google Play Store
- Sign up or login with your phone number or Facebook profile
- Create your profile (for new users) and/or submit an application.
- Receive money in your bank account in minutes.
While Nigerian society has a sort of love-hate relationship with borrowing, the use cases of a product like FairMoney are extended. From personal needs like paying bills, shopping and family addictions to business loans to start that side hustle or build a credit profile, FairMoney’s loan product covers a wide range of options.
FairMoney’s The proposition seems built around customer-centricity, secure technology and speed – all of which makes sense for an online lending service that doesn’t rely on collateral to reduce lending risk. It is Rating 4.3 stars on the Google Play Store validates this proposition to some extent. If you’re interested in quick, short-term loans that don’t require collateral or office visits, FairMoney is a good place to start.