FairMoney Recognized as One of Africa's Fastest-Growing Companies by Financial Times

FairMoney, Africa’s leading neobank, has been named one of the fastest-growing companies in Africa by the Financial Times. This ranking, developed in collaboration with Statista, highlights FairMoney’s remarkable and resilient growth since its inception in 2017.

Between 2019 and 2022, FairMoney demonstrated category-leading growth, underscoring its commitment to expanding services that drive financial inclusion and economic empowerment for millions of consumer and business banking users.

Laurin Hainy, Co-Founder and CEO of FairMoney, expressed gratitude for the recognition while emphasizing the company’s ongoing commitment to excellence, innovation, and customer empowerment. FairMoney’s continuous pursuit of growth and improvement aligns with its mission to set new industry standards and exceed expectations.

“This prestigious recognition, compiled by Statista, reflects our phenomenal growth trajectory and hard work,” Hainy said. “We are building something that’s not fully reflected in these numbers yet. FairMoney is a catalyst for financial inclusion and empowerment. Our 17 million downloads solidify our position as Nigeria’s #1 neobank, and this is just the beginning. We are on a mission to bring financial inclusion to the underbanked and become a defining force in Africa’s financial future. This incredible achievement wouldn’t be possible without our dedicated team, trusted partners, and amazing customers.”

In the latest Financial Times ranking for Africa’s Fastest Growing Companies in 2024, FairMoney shines as a resilient and innovative player in the region’s fintech landscape, dedicated to advancing financial inclusion and shaping Africa’s economic narrative.

This recognition from the Financial Times adds to FairMoney’s list of achievements, including being named among the top 100 most promising startups globally by CB Insights.