Ms Wealth Jumbo, the Operational Manager of Andray Finance
Lagos, Feb. 3, 2026 (NAN) Andray Finance, a fintech firm has unveiled a Software-as-a-Service (SaaS) platform to promote fairness, privacy and dignity in Nigeria’s digital lending ecosystem.
Ms Wealth Jumbo, Operational Manager of Andray Finance, disclosed this in a statement issued on Tuesday in Lagos.
Jumbo said the platform aims to curb the growing menace of predatory digital lending practices.
According to her, the indigenous fintech firm is against aggressive and abusive loan recovery methods that have become common in the digital lending space.
Jumbo said the firm leverages proprietary technology to provide ethical, transparent credit to the vast unbanked and under-segmented population.
She said through the platform, the company delivers fast, fair, and data-driven loans, advancing financial inclusion and economic growth nationwide.
Jumbo described the rapid expansion of digital lending in Nigeria as a double-edged sword.
“While access to credit has improved, it has too often come with exorbitant interest rates and unethical shaming practices, where defaulters are harassed or publicly defamed through their contact lists,” she said.
According to her, Andray Finance is entering the volatile market with a radically different approach; one that prioritises data science over defamation.
“Nigeria needs a robust SaaS platform that fundamentally changes how credit risk is assessed.
“Traditional lenders depend on collateral and rigid salary histories that automatically exclude millions of informal workers,” Jumbo said.
She explained that Andray Finance deploys an artificial intelligence-driven engine that analyses alternative data points, including transaction flows and behavioral patterns, to assess creditworthiness.
“We realised that the ‘risk’ associated with the unbanked isn’t that they can’t pay, but that traditional banks can’t understand them.
“Our SaaS model builds a dynamic financial identity for a roadside mechanic or market trader, enabling us to offer fair, personalised loans without trapping people in cycles of debt, “she said.
Jumbo described the rapid growth of digital lending in Nigeria as a double-edged sword.
The financial expert noted that improved access to credit had often been accompanied by exorbitant interest rates and unethical shaming practices.
She explained that the firm’s SaaS platform assesses creditworthiness using alternative data, including transaction flows and behavioural patterns, rather than traditional collateral and salary histories.
According to her, the platform is tailored to Nigeria’s informal workers and micro-entrepreneurs, enabling fair and personalised loans while reducing lending costs through automation.
Jumbo added that the platform also prioritises data privacy through a “financial dignity” framework that protects borrowers from public harassment.
She said the initiative would help users build verifiable credit histories over time, unlocking access to broader financial services and supporting inclusive economic growth.
“Over time, this can unlock access to larger financial products and fully integrate them into the formal economy. Our goal is to prove that lending to the underserved can be both ethical and profitable.
“With Andray Finance, we are telling every Nigerian that their financial potential is respected” Jumbo added. (NAN)
