FairMoney

FairMoney

A better banking service for everyone

  • Profil

    Project description

    Fairmoney is a mobile banking platform for private and business borrowers. It is an application that uses smartphone data to build an instant credit score and give loans. FairMoney lets someone get a loan from its mobile app and after answering a few questions and sharing financial information, the startup analyzes this data set as well as the geolocation and transfer the money via the traditional banking system. Interest rates vary depending on the repayment periods and other factors. For users without smartphones, the startup is also working on an SMS interface to transfer money.

    Tags: Financial inclusion, Fintech, and Mobile application

    USEFUL LINKS

    News

    Project summary

    Organization

    Fairmoney

    Location

    Nigeria

    Creation date

    2017

    Project category

    Smart-economy

    Share

Similar projects

  • iMedical

    eHealth

    iMedical is the fastest growing dental application and dental market in Mena Region and Africa. iMedical has recognized the importance of protectin...

    More info

    iMedical is the faste Lire la suite [...]

  • Bazafarm

    Smart-economy

    Bazafarm technology is an automatic solar-powered system that helps farmers with a mobile phone or computer to know the amount of irrigation water ...

    More info

    Bazafarm technology i Lire la suite [...]

  • Cloud9xp

    Smart-economy

    Cloud9xp is a Kenyan startup that created an online market place for tourism in Africa. On its website, one can discover and book tourism or leisur...

    More info

    Cloud9xp is a Kenyan Lire la suite [...]