The Work Index by Flexa

FairMoney

FairMoney is a leading digital bank for emerging markets, offering mobile-based banking, loan, and investment services, primarily in Nigeria.

https://fairmoney.io/
5.8

/10

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Description

FairMoney is a digital bank headquartered in Lagos, Nigeria, with offices across three continents. It has established itself as a leading fintech app in Nigeria, with over 5 million users and 10,000 daily loan disbursements. FairMoney's mission is to bring financial inclusion to underbanked populations in emerging markets by offering a suite of products that include personal loans, business loans, savings accounts, investment services, and bill payment options.

FairMoney distinguishes itself through its user-friendly mobile app, quick loan processing times (often within 5 minutes), and commitment to transparency with clear interest rates and fees. The company prioritizes a customer-centric approach, employing a dedicated team trained to provide respectful and efficient service. FairMoney emphasizes its secure technology and compliance with European data security standards, assuring customers of the safety of their personal and financial information.

Flexibility

FairMoney offers flexible work arrangements, allowing employees to work remotely for most roles, or from their offices located on three continents. The company embraces talent regardless of location and values diversity of perspectives, making it an attractive option for those seeking flexibility in their work environment.

Hybrid

Benefits

FairMoney offers a variety of employee benefits, including a growth-oriented culture that values diversity and inclusion. The company offers employees access to a Speak-Up platform for reporting misconduct, and emphasizes direct feedback and a 70/30 principle for decision-making. FairMoney also provides opportunities for professional development and career advancement, and offers both office and remote work arrangements for most roles.

WFA scheme

Mission

FairMoney is a digital bank building the leading mobile bank for emerging markets, specifically targeting underbanked people in Africa and Asia. They offer a variety of financial products including loans, savings accounts, and investment options, all accessible through their mobile app. Their mission is to provide financial inclusion and empower individuals to take control of their finances, breaking down traditional banking barriers and providing a more accessible and convenient financial experience.

Data-driven
Disruptor
Social impact led
Soonicorn
Tech for good

Culture

FairMoney cultivates a dynamic and results-oriented culture characterized by a growth mindset, ambitious goals, and a strong emphasis on client-centricity. They prioritize talent over background, fostering a diverse and inclusive environment where individuals are encouraged to own their work and take initiative. They embrace a scientific approach to problem-solving, emphasizing speed and iteration. Open communication and constructive feedback are encouraged, creating a collaborative atmosphere where employees are empowered to learn and grow.

Agile and dynamic
Collaborative
Engaging
Entrepreneurial
Fast-paced
People-first
Progressive
Supportive

DE&I

FairMoney is committed to building a diverse and inclusive workplace, believing that talent has no passport. They actively seek team members from various cultures, nationalities, and backgrounds, fostering an environment that values diverse perspectives and experiences. Their mission is to create a workplace where everyone feels valued, respected, and empowered to contribute their best work.

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