Digital banking startup FairMoney raises 10m Euros to reshape mobile banking in Nigeria and beyond

FairMoney, a Paris-based fintech startup, has closed a $10 million-euro Series A round of investment led by Flourish, a venture of The Omidyar Group, the partners of DST Global, and existing seed investors Newfund, Speedinvest, and Le Studio VC. Launched in 2017, FairMoney started as a mobile app that uses alternative smartphone data to underwrite microcredit in Nigeria.

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