FairMoney Launches Asset Financing to Drive Mobility Business Growth in Nigeria
Digitnomics 
By Francisca Anuforo,
FairMoney Microfinance Bank has expanded its business banking portfolio with the launch of an Asset Financing Solution designed to improve access to vehicle financing for Nigeria’s growing mobility and transport sector.
The technology-driven financial institution said the new offering targets mobility entrepreneurs, transport operators and delivery merchants seeking structured financing to acquire business-use vehicles through flexible repayment arrangements tied to cash-flow realities.
The move comes as Nigeria’s transportation and logistics sector continues to record sustained growth, driven by increasing demand for road freight, passenger movement and last-mile delivery services.
According to FairMoney, the initiative is designed to address one of the biggest barriers facing mobility-focused micro and small businesses — limited access to structured asset financing.
Through the programme, eligible applicants can access financing for transport assets through a technology-enabled onboarding and credit assessment process, with approvals subject to eligibility and risk evaluation.
The bank said repayment structures have been specifically designed to align with the daily and weekly income patterns of transport and logistics operators, helping businesses maintain operational stability while managing financing obligations.
Managing Director of FairMoney Microfinance Bank, Henry Obiekea, said the initiative aligns with the institution’s broader financial inclusion strategy.
“Our mission has always been to increase financial inclusion and create income opportunities by supporting individuals and small business operators in growing their businesses,” Obiekea said.
“With this solution, we are focused on supporting small business operators and mobility entrepreneurs who contribute significantly to transportation and commercial activity. The solution is designed to provide structured asset financing for eligible operators.”
The launch marks FairMoney’s strategic expansion beyond consumer and working capital lending into commercial asset financing, reflecting growing opportunities within Nigeria’s mobility economy.
Industry data cited by the bank shows that Nigeria’s transportation and logistics sector maintained growth rates of nearly 10 per cent in late 2025, with road transport remaining the dominant channel for both freight and passenger movement.
FairMoney said the product also aims to support broader financial inclusion by helping entrepreneurs establish verifiable credit histories through structured repayment behaviour.
By integrating vehicle financing into its digital lending ecosystem, the bank believes more informal-sector operators can gain access to formal financial services and economic opportunities.
“The intra-state transportation sector in Nigeria is experiencing sustained demand and market activity, offering opportunities for mobility and transport operators,” Obiekea added.
“The Asset Financing Solution ensures that costs are spread into manageable instalments, thereby supporting small business operations and broader economic participation.”
The programme is now available through the FairMoney Business platform and designated partner hubs located across major Nigerian cities.
The bank also noted that the asset financing initiative complements its expanding merchant lending and SME banking services, reinforcing its long-term strategy to deepen business banking capabilities.
According to FairMoney, the new solution forms part of its wider commitment to responsible lending, structured financing and SME development within applicable regulatory frameworks.
As Nigeria’s digital finance ecosystem evolves, FairMoney said the initiative underscores the growing role of fintech-enabled banking in supporting entrepreneurship, mobility infrastructure and formal economic participation.
