30 min
Laurin Hainy, CEO & Co-founder - FairMoney - Building a credit-first neobank for Africa Built Tough
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- Entrepreneurship
Born in Germany to a Nigerian father and German mother, Laurin began his entrepreneurial journey in 2015 by launching a food delivery company in Sweden. He then founded Le Studio VC, a Paris-based startup studio and €15 million fund he ran as CEO. Laurin realized that investing was not for him, and in 2017, he launched his next venture: FairMoney.
Laurin witnessed the rise of neobanks like Revolut and N26 across Europe and recognized the urgent need for a similar solution in Nigeria where more than 60 million adults do not have a bank account. Laurin made a bet: FairMoney would adopt a credit-first approach. Today, FairMoney is Nigeria's most downloaded fintech app and the leading digital bank in the country, with over 10 million downloads.
In this episode, Hainy talks about FairMoney’s strategy of broadening its financial services to merchants, scaling via acquisitions, and its expansion plans outside Nigeria.
Born in Germany to a Nigerian father and German mother, Laurin began his entrepreneurial journey in 2015 by launching a food delivery company in Sweden. He then founded Le Studio VC, a Paris-based startup studio and €15 million fund he ran as CEO. Laurin realized that investing was not for him, and in 2017, he launched his next venture: FairMoney.
Laurin witnessed the rise of neobanks like Revolut and N26 across Europe and recognized the urgent need for a similar solution in Nigeria where more than 60 million adults do not have a bank account. Laurin made a bet: FairMoney would adopt a credit-first approach. Today, FairMoney is Nigeria's most downloaded fintech app and the leading digital bank in the country, with over 10 million downloads.
In this episode, Hainy talks about FairMoney’s strategy of broadening its financial services to merchants, scaling via acquisitions, and its expansion plans outside Nigeria.
30 min