TLG Capital announced an investment it’s made into a Paris based fintech company, FairMoney, which operates a neo-banking platform in Nigeria providing underbanked users with bill payment solutions and collateral-free lending.

The company has a microfinance bank licence from the Central Bank of Nigeria, which permits it to officially operate as a financial services provider in the country. FairMoney, like NuBank – the $30 billion behemoth, operates a credit-led strategy: offering c...