Tiger Global leads $42M Series B in Nigerian credit-led neobank FairMoney
Nigerian fintech startup FairMoney, which operates credit-led model, is announcing a $42 million Series B raise to diversify its offerings and expand to “become the financial hub for its users.”
Tiger Global Management led the round. Existing investors from the company’s previous rounds, DST Partners, Flourish Ventures, Newfund, and Speedinvest, participated. The investment comes after FairMoney raised €10 million Series A two years ago and €1.2 million seed in 2018.