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By Chinenye Anuforo
Andray Finance has launched a mobile lending application on the Google Play Store and iOS App Store, as part of efforts to tackle exploitative digital lending practices and expand access to fair credit for underserved Nigerians.
The fintech company said the move is aimed at sanitising the lending ecosystem by offering transparent, privacy-conscious financial services, amid growing concerns over the activities of predatory loan operators in the country.
Headquartered in Oniru, Lagos, Andray Finance explained that its shift from a Software-as-a-Service (SaaS) model to a direct-to-consumer mobile platform was driven by the need to bridge gaps in access to ethical credit.
Founder and Chairman, Bayowa Borokini, said the application represents a deliberate response to widespread malpractice in the digital lending space.
“For too long, the sector has been defined by excessive interest rates and breaches of user privacy. This platform is designed to deliver credit that is fast, fair and respectful, while restoring trust in digital lending,” he said.
He added that the company is focused on demonstrating that lending to underserved communities can be done responsibly and sustainably.According to him, the platform is also designed to help users including artisans, traders and small business owners build verifiable financial histories that support long-term economic stability.
The app provides a range of loan products, including payday loans for salaried and non-salaried workers, financing for players in the creative industry, nano loans for short-term needs, as well as emergency and medical loans.
It also offers education financing, personal asset loans, alongside airtime recharge and bill payment services.
Andray Finance stressed that it operates within strict ethical and regulatory standards, distancing itself from digital lenders accused of harassing borrowers through unauthorised access to personal contacts.
The firm added that its platform uses data-driven credit assessment tools that protect user privacy while ensuring transparency.
With the rollout, the company said it is extending secure lending services to individuals who are largely excluded from traditional banking, with a broader goal of deepening financial inclusion and promoting responsible lending practices in Nigeria.
