Financial Investment Scam is a major concern for the global community, and every person should be abreast of these scams with how best to avoid them and not be a victim. Citizens should be aware that investments not registered with the state or national regulators are considered Ponzi schemes.

Investing money has been made tasking due to the presence of these dubious investment companies and the eventual failure of promising investment companies either in the short-run or long-run. This has prompted some financial technology (Fintech) companies to come up with lasting solutions to these problems. They rationalized and realized the need for easily accessible, user-friendly and digitally oriented platforms where people can save, invest their funds and access short term funds without any difficulties. The likes of FairMoney, Piggyvest, CowryWise, Carbon, Kudabank and others.

Fairmoney MFB (MyCredit Investments) is a Digital consumer lender that provides financial services to Salary earners, Micro, Small and Medium scale enterprises in Nigeria in the form of working capital and consumer loans. The company has an MFB license issued by the CBN and Money Lender License issued by Lagos State Government. As of April 2021, the company has a total asset of over NGN13bn and currently has its total Liability of circa NGN9bn and equity of NGN4.6bn.

FairMoney Nigeria has also secured investment-grade ratings, BBB (NG) Long Term, and A3 (NG) Short Term with a stable outlook from a Global Credit Rating agency, GCR Ratings. They currently have lending business operations in Nigeria, France, India, Ghana, United Kingdom, Columbia and Latvia.

The Company is seeking to raise up to NGN10bn in debt capital by way of Fixed Term Placement and Savings with reputable individuals and organizations. Our Fixed Term Placement comes with various tenors and specific rates which are competitive in returns in line with current market trends.

You can drop your questions if interested, or reach out to me via Oyindamola.ajao@fairmoney.io