FairMoney taps banking tech vendor Oradian to power next growth phase

Nigerian neobank FairMoney has partnered with software-as-a-service (SaaS) banking technology provider Oradian as the challenger looks to boost its growth across Africa and Asia.

The credit-led digital financial institution will implement Oradian’s tech to power its next stage of product development and scale its existing solutions.

FairMoney CEO Laurin Hainy says: “Our ultimate goal remains bridging the financial inclusion gap in emerging economies.

“We decided to partner with Oradian to leverage the already existing infrastructure and trusted system performance to scale our solutions to new markets where they are needed and perfect existing offerings in our current markets.”

Oradian works with more than 50 tech lenders, banks and financing companies in 13 countries across Africa and Asia.

The firm offers account, finance and investment offerings tailored to the needs of rapidly developing markets and built to comply with shifting local regulations.

FairMoney says Oradian’s ability to support its credit assessment capabilities and the ‘plug and play’ nature of its solution were key factors in its selection.