FairMoney
France
Founded in
01 Oct 2017 (8 Years)
Founded
Last online: No recent activity
OVERALL SCORE
Others
3/10
Reviews
49/90
18 reviews
Provided by TrustFinance
OVERALL SCORE
Others
3/10
Reviews
49/90
18 reviews
Provided by TrustFinance
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Security Information
Warning
This company is currently Unproved.
Please be cautious of the potential risks!
License
A Grade License
Issued by globally renowned regulators, these licenses ensure the highest trader protection through strict compliance, fund segregation, insurance, and regular audits. Dispute resolution and adherence to AML/CTF standards further enhance security.
B Grade License
Granted by respected regional regulators, these licenses offer robust safety measures such as fund segregation, financial reporting, and compensation schemes. Though slightly less strict than Tier 1, they provide dependable regional protection.
C Grade License
Issued by regulators in emerging markets, these licenses offer basic protections such as minimum capital requirements and AML policies. Oversight is less stringent, so traders should exercise caution and verify safety measures.
D Grade License
From jurisdictions with minimal oversight, these licenses often lack key protections like fund segregation and insurance. While attractive for operational flexibility, they pose higher risks to traders.
Company Information
Get to know FairMoney
Company Information
Get to know FairMoney
Founded in 2017, FairMoney began as a mobile application for instant loans in Nigeria. It has since evolved into a full-service digital bank with a mission to drive financial inclusion for the underserved. After securing a microfinance bank license from the Central Bank of Nigeria, the company expanded its offerings to include bank accounts, free transfers, bill payments, and debit cards. Backed by prominent investors like Tiger Global, FairMoney is expanding its services, notably into India, to become the leading financial hub for its user base.
Industry
- Financial BankingPRIMARY
- Financial Other Service
Contact
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Reviews
Highlight Review
Review Analytic
Adepoju Babatunde
Direct
Great
Overall Thought
FairMoney App is the best banking app I have ever use, their fixed savings interest rate is top notch and their transfer swiftness, they are very transparent too no hidden charges. But the only issue they have is their loan interest is way too high but anything apart from that they are the best in mobile banking business
Apr 19, 2025
A
Ama
Direct
Great
Overall Thought
Fairmoney is a good banking app. Their loan service is good and their interest rates are good compared to other loan platforms. I love the fact that their customer service is very swift and active. Their platform was also easy to navigate. Overall, they're a good company
Sep 26, 2023
A
brightarebamen50
Direct
Excellent
Overall Thought
The ability to be able to get that quick loan whenever needed without having to pay much interest and getting disturbance from customer care is the best thing that can ever happen to a Nigerian now. Fair money app has proven to be fair in all ways, lending, details security, trustworthy and also low interest rate to loan. You can get as much as #7500 for a start and so far you maintain a good record with them your threshold would increase and you get to loan that huge sum you have always want
Aug 26, 2023
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