LiteFi partners with Renmoney to expand loan access for Nigerians

Loan

LiteFi has announced a new partnership with Renmoney to expand its lending capacity and bring more credit options to Nigerians.

Through the partnership, Renmoney will fund LiteFi borrowers via an on-lending arrangement. This allows LiteFi to serve more customers and grow its loan book across different segments, including salary earners, self-employed, and SMEs.

This partnership gives LiteFi the regulatory backing to extend its services to more households and businesses and meet the growing demand for credit of Nigerians.

The collaboration is about scale and broadening LiteFi’s product range. Borrowers who already rely on LiteFi for auto and cash loans can now access dealer finance and other flexible credit solutions designed to support business growth and personal needs.

“Access to credit should be simple,” said Kayode Alao, CEO of LiteFi Limited. “Partnering with Renmoney gives us the scale, reach, and product flexibility to serve more Nigerians and help them achieve their financial goals.”

Renmoney also sees the partnership as a way to strengthen financial inclusion. Commenting on the deal, Alex Onoghodjare, Head of Sales at Renmoney, said, “We are excited to work with LiteFi to extend more loans to individuals and businesses. At Renmoney, we believe in supporting partners that make financial services more accessible. This partnership is a win for customers who need reliable and flexible credit options.”

With this collaboration, LiteFi reinforces its position as a trusted credit partner, while Renmoney continues its mission of making financial services more accessible to everyday Nigerians. Together, both companies are set to unlock new opportunities for thousands of households and businesses.