Is FairMoney registered with CBN? Are they Legit or Scam?

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Fairmoney operates in Nigeria, India, and some other countries. In this post we answer questions on whether FairMoney is legit or scam and if its registered with CBN.

Is FairMoney registered with CBN?

Yes, FairMoney is registered with the Central Bank of Nigeria (CBN) as a microfinance bank.

The registration was approved in August 2019, and it allows the company to operate in Nigeria legally. The company is also regulated by the Nigerian Deposit Insurance Corporation (NDIC).

Is FairMoney legit or a scam?

FairMoney is a legitimate company that provides financial services to its customers. The company is licensed and regulated by the CBN and NDIC, and it has been in operation since 2017.

FairMoney has also received funding from reputable investors such as Flourish Ventures, DST Global, and FJ Labs.

Is FairMoney safe to use?

FairMoney takes the security and privacy of its customers’ information seriously. The company uses bank-grade security and encryption to protect its customers’ data.

FairMoney also has a privacy policy that outlines how it collects, uses, and protects customer information.

Conclusion

FairMoney is a legitimate financial technology company that provides loans and other financial services to its customers.

The company is registered with the Central Bank of Nigeria and regulated by the Nigerian Deposit Insurance Corporation.

FairMoney uses bank-grade security and encryption to protect its customers’ data, and it has a privacy policy that outlines how it collects, uses, and protects customer information.

All rights reserved. Do not copy, rewrite or republish this content, in part or in whole, without proper credit to the source.

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About the Author: Femi Olawole

Femi Olawole is a seasoned blogger with interest on providing helpful Contents on online loan apps, Tech and Business.

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