Multi-Layered KYC Solution For the Number One Fintech App in Nigeria
#1
Fintech app in Nigeria
The most downloaded app in its market.
30
Seconds to verify identity
How long onboarding takes a new user.
100%
AI-driven fraud prevention
Coverage across the verification flow.
The client
Founded in 2017, FairMoney runs a mobile app bringing financial services — instant loans, savings accounts and more — within reach in Nigeria and further afield. Backed by over $40 million in funding, it exists to close the financial inclusion gap for underserved people and small businesses across Africa.
It is expanding quickly across the continent, and keeps adapting its operations to market demand and to regulation that keeps moving.
The challengeWhat the teams actually needed
Past a million users inside six months, delivering compliant, high-quality service across several countries got complicated fast.
Challenge 01Uneven providers
KYC provider quality varies across the African market, which puts the integrity of user data at risk and throws up verification problems during onboarding.
Challenge 02A different rulebook per country
Regulatory requirements differ by market, so the KYC solution had to flex rather than assume one set of rules.
Challenge 03Compliance that keeps moving
Standards change, which called for something robust and agile instead of a one-off integration.
What we did
Verification layered so new markets take weeks, not quarters
Netguru supplied staff augmentation and the technical expertise behind FairMoney’s implementation strategy, across mobile, backend and QA.
Face and government ID
Users are verified through secure facial recognition together with government ID checks.
BVN, NIN and more
Nigerian users supply two mandatory documents — Bank Verification Number and National Identification Number — alongside proof that they own the phone number and verification of a residential address.
Providers per market
Two providers were onboarded for Uganda and one for Zambia, so people in those markets can be onboarded securely from day one.
Consent handled properly
Integration with Nigeria’s National Identity Management Commission meets the compliance standard for user data consent.
Client testimonial
Netguru’s team has been instrumental in creating a resilient and adaptable KYC solution that supports our expansion across Africa. Their ability to integrate seamlessly with our team and bring the expertise needed for reliable compliance processes has enabled us to focus on delivering secure, accessible financial services to underserved communities.
Tech stackThe tools that made it possible
01
Kotlin Multiplatform
Android and iOS delivered at once, which cut time to market.
02
Jetpack Compose
A consistent, friendly interface across both platforms.
03
Backend integration
Robust services behind the KYC providers, processing data securely in real time.
More like thisOther places we scaled product teams for growth.
What’s next