FairMoney Microfinance Bank has launched a new Asset Financing Solution targeted at mobility entrepreneurs and small business operators as the digital lender expands its presence in Nigeria’s growing transportation and logistics sector.
The initiative is designed to improve access to structured vehicle financing for transporters, delivery merchants and mobility-focused micro and small businesses through an application process subject to credit assessment and eligibility requirements.
The launch comes amid sustained expansion in Nigeria’s transportation and logistics industry, which recorded estimated growth rates of between 9.87 percent and 10.1 percent in late 2025 as demand for road freight and passenger transport services continued to rise.
According to FairMoney, eligible applicants can access business-use transport assets through flexible repayment structures tailored to the cash flow patterns of mobility operators.
The company stated that the financing model leverages its technology-enabled onboarding and risk assessment system to simplify the evaluation and approval process while supporting responsible lending practices.
Henry Obiekea, Managing Director of FairMoney MFB, said the product aligns with the institution’s broader objective of driving financial inclusion and supporting income-generating opportunities for entrepreneurs operating within Nigeria’s informal and semi-formal sectors.
“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 company explained that the initiative represents a strategic expansion beyond personal and working capital loans into commercial asset financing as it seeks to strengthen its SME banking operations.
Industry analysts said the development reflects increasing competition among Nigerian fintech institutions to diversify revenue streams and capture underserved segments of the economy, particularly within transportation, logistics and merchant financing.
FairMoney noted that vehicle repayment history under the programme could also help operators establish verifiable credit profiles, potentially improving access to future financial services within the formal banking ecosystem.
The programme will be accessible through the FairMoney Business platform and selected partner hubs across major Nigerian cities.
The lender added that the initiative forms part of its broader commitment to SME development, structured financing and responsible lending in line with applicable regulatory guidelines.
As fintech firms continue expanding into commercial banking services, asset financing and merchant lending are increasingly emerging as critical growth areas driven by rising demand for business mobility, delivery services and logistics infrastructure across Nigeria’s urban centres.
