Andray Finance Unveils Mobile Lending App to Combat Predatory Lending

…drive financial inclusion for underserved communities

In a decisive move to sanitize the digital lending ecosystem and provide Nigerians with ethical credit options, while also providing a lifeline to communities historically excluded from formal banking, Andray Finance has officially announced the launch of its mobile lending application on the Google Play Store and iOS App Store.

Headquartered at Cardinal Place,13 Ayo Babatunde Crescent Oniru Lagos, the launch marks a significant milestone in the company’s mission to provide transparent, dignity-centered financial services, directly challenging the rise of predatory “loan shark “practices that have plagued the Nigerian fintech space.

The transition to mobile app stores represents a strategic evolution for Andray Finance. Originally operating as a Software as a Service (SaaS), the company identified a critical gap in the direct-to-consumer market: the need for a lender that prioritizes borrower privacy and fair interest rates.

By transitioning its financial services to a global app store, Andray Finance is now bringing its robust, enterprise-grade security and ethical algorithms directly to the hands of everyday Nigerians with a digital wallet-based money lending solution.

Speaking on the launch, Founder and Chairman of Andray Finance, Bayowa Fredrick Borokini, emphasized that the app is more than just a financial tool, it is a statement against industry malpractice.

“For too long, the digital lending space in Nigeria has been clouded by predatory practices that exploit the vulnerable through exorbitant rates and privacy invasions. At Andray Finance, we are changing the narrative.
“By launching on the Google Play and iOS stores, we are offering a sanctuary for borrowers—providing access to credit that is fast, fair, and, most importantly, respectful of the individuals dignity. Our evolution from a SaaS platform to a consumer-facing lender allows us to set the standard for what ethical fintech should look like in Nigeria.”

He added: “At the core of our mission is to also prove that you can lend to the underserved ethically and profitably. For too long, underserved communities in Nigeria have been caught between a total lack of credit and the destructive trap of predatory lenders. By evolving our SaaS technology into this consumer-facing app, we are offering a sanctuary—a place where a roadside mechanic or a market trader can build a verifiable financial history. We aren’t just giving out loans; we are providing the foundation for long-term financial independence.”

The new Andray Finance app provides a comprehensive range of loan products tailored to the diverse needs of Nigerians, including: payday loan, creative industry loan, andray nano, medical emergency and others.

Unlike predatory apps that harvest contact lists for harassment, Andray Finance operates under a strict code of conduct aligned with Nigerian financial regulations. The platform utilizes advanced data analytics to assess creditworthiness without compromising user privacy, ensuring standards for financial transparency are fully upheld.