By Yunus Yusuf
Andray Finance Ltd., a digital-first financial services provider, says it is redefining access to credit for millions of Nigerians excluded from traditional banking systems.
The founder of the company, Mr Bayowa Borokini, said in a statement on Saturday that the company is leveraging technology to make loan financing more inclusive, particularly for individuals, small businesses, and rural communities often ignored by conventional lenders.
“Whether it’s a market vendor in Mushin or a growing startup in Yaba, our mission is to ensure that financial support is transparent, fast, and affordable,” Borokini said.
According to him, since the launch of the company, it has disbursed thousands of loans nationwide, with its agricultural loan initiative standing out for boosting farm productivity and strengthening food security in several regions.
“As Nigeria grapples with economic challenges, Andray Finance stands as a beacon of innovation and inclusivity.
“By combining technology with empathy, we are building a brighter financial future for all,” Borokini added.
He noted that the firm’s mobile-first approach allows users to apply for loans, monitor application progress, and manage repayments directly from their smartphones.
The model, he explained had proved particularly effective in reaching informal traders and rural farmers.
He added that some of the company’s key loan offerings include payday loans and salary advances with flexible repayment plans; vocational and educational loans with interest rates as low as one per cent.
The founder also said that it includes the agricultural financing of up to N3 million tailored to farming cycles; and SME and asset financing to support entrepreneurs.
Borokini stressed that unlike many lenders burdening borrowers with hidden fees, Andray Finance adopts a customer-first model, making loan agreements transparent and easy to understand.
“We’re not just offering loans, we’re offering dignity. Our clients know exactly what they’re signing up for, and they trust us to walk with them every step of the way,” he said.
According to him, the company’s vision is to serve as a catalyst for economic empowerment, giving Nigerians the financial tools to pursue their aspirations and build sustainable livelihoods.
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