Andray Finance Limited, a premier Nigerian financial technology company dedicated to providing inclusive, ethical, and transparent lending solutions, has unveiled a mobile app to sanitise the digital lending ecosystem and provide Nigerians with ethical credit options.
The mobile lending application is available on the Google Play Store and iOS App Store, offering Nigerians with ethical credit options and providing a lifeline to communities historically excluded from formal banking.
Launch Event Highlights
Unveiling the lending application at Cardinal Place, Oniru Lagos headquarters, Andray Finance stated that the launch marks a significant milestone in the company’s mission to provide transparent, dignity-centered financial services, directly challenging the rise of predatory “loan shark” practices that have plagued the Nigerian fintech space.
The transition to mobile app stores represents a strategic evolution for Andray Finance, which originally operated a Software as a Service (SaaS) company. The company identified a critical gap in the direct-to-consumer market: the need for a lender that prioritises borrower privacy and fair interest rates. By transitioning its financial services to global app stores, Andray Finance is now bringing its robust, enterprise-grade security and ethical algorithms directly to the hands of everyday Nigerians through a digital wallet-based money lending solution.
Founder's Statement
Founder and Chairman of Andray Finance, Bayowa Fredrick Borokini, emphasised that the app is more than just a financial tool—it is a statement against industry malpractice. He stated: “For too long, the digital lending space in Nigeria has been clouded by predatory practices that exploit the vulnerable through exorbitant rates and privacy invasions. At Andray Finance, we are changing the narrative.
“By launching on the Google Play and iOS stores, we are offering a sanctuary for borrowers—providing access to credit that is fast, fair, and, most importantly, respectful of the individual’s dignity. Our evolution from a SaaS platform to a consumer-facing lender allows us to set the standard for what ethical fintech should look like in Nigeria.”
He added: “At the core of our mission is to also prove that you can lend to the underserved ethically and profitably. For too long, underserved communities in Nigeria have been caught between a total lack of credit and the destructive trap of predatory lenders.
“By evolving our SaaS technology into this consumer-facing app, we are offering a sanctuary—a place where a roadside mechanic or a market trader can build a verifiable financial history. We aren’t just giving out loans; we are providing the foundation for long-term financial independence.”
Loan Products Offered
The new Andray Finance app provides a comprehensive range of loan products tailored to the diverse needs of Nigerians, including:
- Payday Loan: tailored for both salary and non-salary earners with confirmed employment status.
- Creative Industry Loan: tailored financing for filmmakers, musicians, fashion designers, content creators, and digital artists.
- Andray Nano: a quick credit facility for individuals with regular cash inflows, perfect for bridging short-term gaps.
- Medical Emergency: fast, reliable support for urgent healthcare costs including surgery and medication.
- Emergency Loan: rapid disbursement for life’s unexpected hurdles and urgent bills.
- Andray Edu-Advance: specialised financing for parents and guardians to ensure school fees are paid on time.
- Personal Asset Financing: designed for employed and self-employed individuals to acquire essential assets and equipment.
- Airtime Recharge and Bill Payments.
Commitment to Transparency
Unlike predatory apps that harvest contact lists for harassment, Andray Finance operates under a strict code of conduct aligned with Nigerian financial regulations. The platform utilises advanced data analytics to assess creditworthiness without compromising user privacy, ensuring standards for financial transparency are fully upheld.
Andray Finance reaffirmed its commitment to empowering individuals and businesses through innovative credit products that foster economic growth and financial stability.
