FairMoney grew revenue to ₦121.9 billion in 2024 on deposit-led lending
FairMoney's gross revenue grew by 62% to ₦121.9 billion in 2024. The company's profit after tax rose to ₦5 billion from ₦780 million in 2023.
Silent Strain: Investor Relations Test The Limits Of African Founders’ Wellbeing
Only 11% of African founders believe their investors genuinely care about their wellbeing. Nearly 60% of respondents cited fundraising as a top source of stress.
86% of African Tech Founders Report Impact on Wellbeing- Flourish Ventures Report
81% of founders enjoy their role as entrepreneurs. 86% of founders report a negative impact on their wellbeing.
FairMoney Nearing Agreement to Acquire Umba for $20 Million in Stock-Based Transaction, According to Insiders
FairMoney is in talks to acquire Umba, a digital bank focused on credit services in Nigeria and Kenya, for a $20 million all-stock transaction. This acquisition demonstrates FairMoney's desire to enter new markets, with a particular focus on Kenya.
Nigerian digital bank FairMoney in talks to buy Umba in $20M all-stock deal, sources say
FairMoney is in discussions to acquire Umba in a $20 million all-stock deal. The potential acquisition would allow FairMoney to expand into Kenya.
