We’ll Use Tech to Capture 60 million Unbanked Nigerians – Hainy

A digital bank, FairMoney Microfinance Bank, has said it will use technology to capture over 60 million Nigerians who are not in the financial system.

Laurin Hainy, the Co-Founder/Chief Executive Officer, FairMoney, said bank aimed at driving financial inclusion for the mass Nigerian markets through quick and seamless loans.

Speaking at a virtual media briefing, he said, “Our goal ultimately is to use technology to bank the 60 million Nigerians currently excluded from the financial ecosystem.

“We have also introduced secure and innovative technology processes to improve our lending operations, as well as a strong privacy protection policy, and a comprehensive loan collection policy which has been successfully deployed in the last four years.”

He said FairMoney would provide cheap, accessible and affordable financial services to all strata of the economy.

Hainy said, “FairMoney is positioned to support our customers across their various financial service needs, even as we work to maintain our current position as the leading digital bank in Nigeria. Our mission has always been to serve the needs of as many Nigerians as possible.

“Our approach to doing this involves providing millions of Nigerians with loans and capital to meet their immediate needs and in some cases, to grow their businesses, and so far, we have disbursed over N117bn loans since inception.”