Following various rumors circulating on social media, FairMoney confirmed the alleged ambassadorial agreement with Toyin Abraham on their social media platforms:

“We are delighted that the best in the world – Toyin Abraham is joining us as we bring you the best digital banking experience on this side of the continent.”

FairMoney MFB was incorporated in 2017 with operations in Nigeria and India. In the last 4 years of operation, FairMoney MFB has grown its customer base to over 5 million users and 1.9 million bank accounts.

As a digital consumer and lender to SMEs, and a provider of financial services in Nigeria, Fairmoney MFB has created a product that offers near-instant 24/7 digital lending directly through its mobile app.

The main digital product offering covers fast loans with terms of 15 days to 18 months to MSMEs and consumers, as well as banking services such as airtime, data and cable TV payments, bank transfers, savings and debit cards. Its end-to-end loan application process takes 5 minutes and is fully digital with no physical touchpoints.