A digital-first financial institution, Andray Finance Limited, said it was offering customers up to N3 million in agricultural financing and small and medium enterprises (SMEs) and asset financing in the country.
Founded in 2024 and headquartered in Victoria Island, Oniru, Lagos, the institution promised to be a game-changer in Nigeria’s loan financing landscape—especially for individuals and small businesses historically excluded from traditional banking systems.
The heart of Andray Finances’ operations is a bold mission: to democratise access to financial tools that empower everyday Nigerians. It added that, from market women in Mushin to tech startups in Yaba, the company’s tailored loan products are designed to meet diverse needs with transparency, speed, and affordability.
‘We believe everyone deserves access to financial support that aligns with their aspirations. Our goal is to be a catalyst for economic empowerment,’ a senior management staff of the company,” Okoye Samantha said.
Samantha said the bank allows users to apply for loans, track their status, and manage repayments—all from their smartphones. The approach has proven especially effective in reaching underserved populations, including rural farmers and informal traders.
“The digital bank also has PayDay Loans and Salary Advances with flexible repayment terms. There are also Vocational and Educational Loans with interest rates as low as one per cent. At the same time, our agricultural Financing is tailored to seasonal cycles, supporting smallholder farmers with up to N3 million in funding, among others,” the bank official said.
Unlike many lenders in the market, Andray Finance said, it prides itself on clear loan terms, no hidden fees, and repayment schedules that reflect the borrower’s financial reality.
This customer-centric approach has earned the company a reputation for integrity and reliability.
“We are not just offering loans—we are offering dignity. Our clients know exactly what they’re signing up for and trust us to walk the journey with them. Since its inception, Andray Finance has disbursed thousands of loans across Nigeria, with a growing footprint in underserved regions. Our agricultural loan programme alone has helped boost productivity and food security in key farming communities,” says founder and chairman of the bank, Bayowa Fredrick Borokini.
