Unlocking inclusive digital finance in Nigeria
By moving to Mambu, Renmoney – a leading Nigerian digital microfinance bank reduced loan disbursement time from days to minutes and scaled to over 500,000 customers, issuing ₦2 trillion in loans to date.
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- minutes average loan disbursement time
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- customers served and counting
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- trillion in loans issued to date
Renmoney Microfinance Bank
About the customer
Renmoney is a leading digital microfinance bank based in Lagos, Nigeria. Since 2012, it has focused on providing accessible, inclusive financial services to individuals and small businesses. Licensed by the Central Bank of Nigeria, insured by the Nigeria Deposit Insurance Corporation, and certified by PCI DSS, Renmoney offers personal and business loans up to ₦10 million, with flexible repayment terms of up to 24 months, fixed deposits, and savings accounts with competitive interest rates of up to 28% per annum–delivered digitally and through physical branches in Lagos.
Driven by a vision to democratise access to finance, Renmoney uses technology and continues innovation to offer simple, flexible, and responsible lending and savings solutions. With a team of over 1,000 employees, Renmoney operates on principles of customer-first thinking and transparent service delivery.
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