EXCLUSIVE: FairMoney in M&A talks with Shara

FairMoney, the Tiger-backed Series B-stage fintech, is in M&A talks with Shara, according to sources knowledgeable about the matter.

For a growth-stage fintech with a foothold in a market like Nigeria, the next level is either expansion to another market or deepening home-market penetration. While FairMoney has told a geographical expansion story via India—the basis for its Series B—it’s not clear how that is going, and India alone isn’t enough.

A Shara deal gives FairMoney both expansion into Kenya and a more entrenched product ecosystem: a sizeable merchant loan book in Nigeria and cross-border payments capability in Kenya via the microfinance bank, where MfBs are allowed to engage in foreign exchange and cross-border remittances, unlike Nigeria.

Last updated: May 13, 2026