Renmoney Wins Microfinance Excellence Award

By Dipo Olowookere

Nigerian consumer lending company, Renmoney, has emerged winner of the Award for Excellence in Microfinance Banking.

The award was presented to the firm recently at the 8th New Age Banking Summit held at the Lagos Continental Hotel, Victoria Island.

Other winners of the evening were GTBank, Diamond Bank, First Bank, First City Monument Bank, Union Bank and Wema Bank.

Receiving the award, Head of Commercial at Renmoney, Yetunde Faulkner, stated that, “We’ve been working really hard to build more convenient lending solutions for Nigerians so this award will be a huge morale boost for our team!.”

She added that, “We launched our online loan application process this year to provide loans in under 24 hours and we are looking forward to launching even better solutions in 2019”.

For Anisha Ajimani of the UMS Conference, the organisers of the event, Renmoney was an obvious choice for the award because of the company’s focus on technology and customer experience.

“The New Age Banking Awards are aimed at honouring organizations that have consistently demonstrated exemplary performance.

“These will not just recognize the endeavours of the most successful financial organizations, but will also set a benchmark, inspiring other organizations to achieve their own goals,” she said.

The theme of the two-day event was Staying Relevant in the Changing Financial Landscape of Nigeria.

It was attended by a wide array of industry experts comprising Chief Information Officers of financial institutions in Nigeria, speaking on various developments and challenges in the digital banking and fintech space.

Dipo Olowookere is a journalist based in Nigeria that has passion for reporting business news stories. At his leisure time, he watches football and supports 3SC of Ibadan. Mr Olowookere can be reached via

more recommended stories