FairMoney, the Tiger-backed Series B-stage fintech, is in M&A talks with Shara, according to sources that spoke to Condia last month on condition of anonymity.
Shara Nigeria confirmed these dealings with an update to its terms, effective April 30, 2026. “Shara Technology Management Nigeria Limited (“Shara”) has entered into a transaction with Fairmoney Microfinance Bank Limited (“FairMoney”). As a result, effective April 30, 2026, your account and personal data will be transferred to and processed by FairMoney for the purpose of continuing to provide you with financial and all related services.“
For a growth-stage fintech with a foothold in a large market like Nigeria, the next level is to either deepen home-market penetration or expand to another market. While FairMoney has told a geographical expansion story via India—the basis for its earlier growth rounds—it’s not clear how that is going, and India alone isn’t enough.
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Last updated: May 13, 2026
