FairMoney, a Nigerian digital banking and instant loan provider, is reported to have recorded N121.9 billion in gross revenue in 2024. This represents a 62% year-on-year (YoY) growth increase in gross revenue, driven largely by its growing reliance on customer deposits to fund its lending operations. The company’s unaudited financial results revealed that profit after [...]The post FairMoney Revenue Surges to N121.9 Billion in 2024, Amid Shift To Customer Deposit-Funded Lending appeared first on Tekedia.
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