Renmoney
What it does
Renmoney was founded in 2012 by Stephen Jennings, a pioneer of capital markets in Africa and founder of Renaissance Group. It operates as a licensed microfinance bank in Nigeria offering personal and business loans up to N10M, high-yield savings, and bill payments. The company is cloud-based and has served over 500,000 customers, issuing over N2 trillion in loans.
Consumer / retail lendingDigital savings platformsPayday / salary-advance lending
Known for
- Licensed MFB digital lending
- Over N2 trillion in loans issued
- Cloud-based lending platform
- High-yield savings products
Model & industry
SaaSAll / Cross-industry
Products & subsidiaries
Renmoney Loans · LendingRenmoney Savings · SavingsBill Payments · Payments