FairMoney, a credit-led fintech company and licensed microfinance bank in Nigeria, has launched a new product called “FairMoto”—an asset financing solution designed to broaden access to structured asset financing for mobility entrepreneurs in the Nigerian transportation and logistics sector through a streamlined application process based on credit evaluation and eligibility criteria.
Road freight and passenger transport continue to be the most widely used forms of transportation in the country. In fact, the sector was reported to see growth rates of approximately 9.87%-10.1% in late 2025. FairMoto will be focused on thousands of transporters and delivery merchants across the country, giving up to 90% financing on business-use transport assets with flexible repayment terms.
However, it's important to note that the FairMoney Asset Financing application process is subject to credit assessment, eligibility and approval requirements. Once you scale through all the risk assessment criteria, you will then move through a structured onboarding and evaluation process. The financing is suitable for micro-SMEs, transport operators, delivery riders, logistics merchants, and mobility entrepreneurs.
The repayment of the credit is scheduled to be daily or weekly. Applicants are allowed to choose a repayment plan that will be convenient. Meanwhile, it's important to note that meeting timely repayment will help entrepreneurs build a verifiable credit history. To check your eligibility and apply, visit the FairMoto platform. You can also apply through designated partner hubs across major cities.
You can also use the loan calculator on the platform to calculate how much you'll pay monthly at a 4% interest rate. FairMoney clarified on the platform that a 4% interest rate will be incurred every month regardless of the loan tenure. Notably, the loan tenures are 2 years (24 months), 2.5 years (30 months), and 3 years (36 months).
It's important to note that about a 10% down payment will be provided to secure the loan, and you will get up to 90% financing for motorcycles and tricycles. This can be a way to move from renting vehicles to owning them, build credit history through repayments, and grow sustainable income-generating businesses.
However, the terms of the loan, according to FairMoney, are that the assets come with GPS tracking, financed vehicles are used as collateral, and ownership is transferred fully to the customer after repayment completion.
FairMoney, co-founded by Laurin Hainy (who serves as the Global CEO), Matthieu Gendreau, and Nicolas Berthozat in 2017, is using its asset financing solution to expand beyond just offering quick digital loans in the Nigerian fintech space by providing more structured, asset-backed lending to mobility entrepreneurs seeking to acquire income-generating vehicles.
