Fintech company FairMoney raises US$42m Series B funding round to expand its services

NIGERIA – FairMoney, a mobile banking platform which aims to give underbanked people access to digital financial services, has raised US$42 million in Series B funding as it begins to expand into other emerging markets. The round led was by Tiger Global Management and also featuring existing investors DST, Flourish Ventures, Newfund, and Speedinvest. With the new funds, FairMoney plans to expand its services to further underline its position as a digital challenger bank for emerging markets. The company will invest the new capital to hire top global talent and…

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