FastCash has announced its two millionth loan disbursement, noting that the credit disbursed by the platform is worth NGN 59 billion and that it has helped customers from different walks of life meet urgent financial needs and achieve short-term objectives.
The firm noted that the milestone is particularly significant because of its financial inclusion benefits. Every FastCash loan is a step toward closing the access finance gap in Nigeria and ensures the well-being of a Nigerian household,
Commenting on the achievement, the Divisional Head, Personal Banking of First City Monument Bank (FCMB) Plc, Shamsideen Fashola, said: “The amount of trust placed in FastCash by our customers is humbling. We will continue improving on this product to deliver an exceptional customer experience. The success we have achieved is a testament to our commitment at FCMB to support our customers through financial technology products that are convenient and accessible”.
Unveiled by FCMB in 2018, FastCash is a personal digital loan product that makes credit up to N200,000 available to existing customers and non-customers of the bank in less than five minutes