RenMoney Opens New Retail Branch in Lagos Island

RenMoney MFB Limitedhas officially opened its new retail brand location in Lagosin CSS Bookshop House on Broad Street. The branch is intended to be more accessible and to better serveRenMoney’s fast-growing customer base.

Opening the branch, founder and lead investor of RenMoney, Stephen Jennings reaffirmed the company’s vision for consumer finance in Nigeria “There is massive opportunity in Nigeria, and this branch opening is testament to RenMoney’s commitment to developing the Nigerian consumer finance market further” he said. 

 

With its head office at89 Awolowo Road,Ikoyi, RenMoney has expanded rapidly in Lagos State. The company currently holds a State microfinance banking license but will be seeking a nationwidelicense in the next 12 months. 

According to RenMoney’s CEO Graham Lee, the increasing demand and clear needs of customers have been behind the expansion and there would be further branches opening in the near future. “RenMoney’s mission is to lead profitable financial inclusion through simple money solutions that are easy to use, transparent and accessible, delivered with integrity and respect.” 

The branch opening was attended by dignitaries from the Nigeria Deposit Insurance Corporation.

RenMoney also hosted its investors to an intimate cocktail for its business partners the previous day at The George, Ikoyi. The evening terrace event was an opportunity for Stephen Jennings, RotimiOyekanmi and Graham Lee to share ideas and the company’s vision for the future.  

About RenMoney MFB

RenMoney serves a fast growing customer base of over 15,000 people in Lagos and has one of the strongest and well-tailored portfolios of products and services aimed at providing Simple Money Solutions to Nigerians. Their services include Unsecured Loans, Fixed Deposits and Target Savings. Please visit www.renmoneyng.com for the latest news and in-depth information about RenMoney and its products or follow us on Facebook (www.facebook.com/renmoneyng), Twitter (www.twitter.com/renmoneyng) and LinkedIn (www.linkedin.com/renmoneyng