Renmoney

Renmoney provides personal and business loans, high-yield savings, bill and airtime payments, transfers and a debit card through one mobile app. The website lists loans of up to ₦10M and savings earning up to 22% p.a.

Customers are individuals in Nigeria, and the product range also includes business loans for small and medium businesses. The website reports over 3M customers and ₦1T+ in total loans disbursed. The website does not describe the revenue model in detail beyond these lending, deposit and payment products.

Renmoney states that it is a CBN-licensed microfinance bank under the supervision of the Central Bank of Nigeria, that its savings are NDIC-insured, and that it holds ISO 27001 certification and follows PCI DSS standards. The website cites 14 years of operation and a 4.4★ average app rating. Its 40 open roles are mainly in Lagos, covering product management, credit risk, engineering and IT, sales and contact centre operations; a few roles list remote locations in Russia, Serbia, Kazakhstan and Nigeria.

Product: A mobile app offering personal and business loans up to ₦10M, high-yield savings, bill and airtime payments, transfers and a debit card.