In Nigeria, where access to credit has long been a hurdle for underserved communities and small businesses, Andray Finance Limited is breaking new ground with its innovative mobile-first lending platform.
Headquartered in Lagos, the company, founded in 2024, is leveraging technology to deliver financial solutions to underserved communities, transforming lives and livelihoods across the country.
Andray Finance aims to democratize access to financial tools that empower everyday Nigerians. From market women in Mushin to tech startups in Yaba, the company’s tailored loan products are designed to meet diverse needs with transparency, speed, and affordability.
Okoye Samantha, a leading voice at Andray Finance, in a statement, said, “We believe everyone deserves access to financial support that aligns with their aspirations. Our goal is to be a catalyst for economic empowerment.
Andray Finances mobile-first platform allows users to apply for loans, track their status, and manage repayments, all from their smartphones. This approach has proven especially effective in reaching underserved populations, including rural farmers and informal traders.
The company’s offerings are tailored to the unique needs of its clients. Its agricultural financing program, for instance, provides up to N3 million to smallholder farmers, with repayment schedules aligned to seasonal cycles. For SMEs, asset financing and tailored business loans help entrepreneurs expand operations. The company also offers vocational and educational loans with interest rates as low as one percent, alongside payday loans and salary advances with flexible terms.
What sets Andray Finance apart is its commitment to transparency. No hidden fees, no surprises, says Bayowa Fredrick Borokini, founder and chairman, adding that, “Our clients trust us because we prioritize their financial realities and build repayment plans that work for them.”
Since its launch, Andray Finance has disbursed thousands of loans, with a significant impact on rural communities. Its agricultural loans have bolstered productivity, contributing to food security in key farming regions. SMEs, meanwhile, are scaling operations, creating jobs, and driving local economies.
