About Renmoney
Renmoney is a company based in Lagos (Nigeria) founded in 2012.. Renmoney offers products and services including Personal & Business Loans, Savings and Fixed Deposits, and Payment Services. Renmoney operates in a competitive market with competitors including Moniepoint, FairMoney, The Bank of Industry, AB Microfinance Bank Nigeria and Lendigo, among others.
- Headquarter Lagos, Nigeria
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Sectors
Financial Services
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Phone
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Website
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Social
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- Legal Name Renmoney Microfinance Bank Limited
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Annual Revenue
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Net Profit
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EBITDA
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Latest Funding Round
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Investors
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Employee Count
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Products & Services of Renmoney
Renmoney offers a comprehensive portfolio of products and services, including Personal & Business Loans, Savings and Fixed Deposits, and Payment Services. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Loans for personal and business needs with convenient repayment options.
High-interest accounts to grow savings and deposits securely.
Facilitate bills, transfers, and money management instantly.
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Funding Insights of Renmoney
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investments & Acquisitions by Renmoney
| Company Name | Description | Domain | Location | Founded Year | Amount |
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - Renmoney
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Renmoney Comparisons
Competitors of Renmoney
Renmoney operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Moniepoint, FairMoney, The Bank of Industry, AB Microfinance Bank Nigeria and Lendigo, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Integrated financial services are provided for businesses and individuals.
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| domain | founded_year | HQ Location |
Digital microfinance banking services are offered to individuals.
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| domain | founded_year | HQ Location |
Business loans are provided to support industrial development in Nigeria.
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| domain | founded_year | HQ Location |
Financial products are offered to micro, small, and medium enterprises.
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| domain | founded_year | HQ Location |
Business loans are facilitated via an online platform in Nigeria.
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| domain | founded_year | HQ Location |
Offers an online platform for loans to consumers and small businesses.
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| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Renmoney
Frequently Asked Questions about Renmoney
When was Renmoney founded?
Renmoney was founded in 2012.
Where is Renmoney located?
Renmoney is headquartered in Lagos, Nigeria. It is registered at Lagos, Lagos State, Nigeria.
What does Renmoney do?
Renmoney was established in 2012 in Lagos, Nigeria, as a non-banking financial institution. Operations are centered on diversified lending within the financial services sector. Various loan products are extended to individuals and businesses across Nigeria. Focus is placed on accessible credit solutions amid the local economic landscape. The companys activities are regulated under Nigerian financial guidelines, supporting broader access to funding options.
Who are the top competitors of Renmoney?
Renmoney's top competitors include Moniepoint, FairMoney and The Bank of Industry.
What products or services does Renmoney offer?
Renmoney offers Personal & Business Loans, Savings and Fixed Deposits, and Payment Services.
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