Fast-Track Finance: Andray Finance Launches Digital ‘Nano’ Credits to Close Nigeria’s Credit Gap

As of February 5, 2026, the Nigerian fintech landscape has gained a new contender focused on ethical, high-speed lending. Andray Finance Limited, an indigenous firm founded in 2024, has officially unveiled its suite of digital loan products.

Designed to bypass the “bureaucratic bottlenecks” of traditional banking, Andray’s model targets the underbanked—including micro-entrepreneurs, artisans, and salary earners—who often face sudden cash flow shortages but lack the collateral or credit history required by commercial institutions.

1. The Product Suite: From “Payday” to “Nano”

Andray Finance has structured its offerings into two primary categories to address distinct financial pressures:

• Andray Payday Loans (Short-Term Bridge)

  • Target: Employees and self-employed individuals with verifiable regular income.

  • Capacity: Up to ₦500,000.

  • Terms: Maximum 45-day repayment period with minimal documentation.

  • Goal: To help middle-income earners manage “mid-month” expenses or urgent business inventory needs.

• Andray Nano Credit (Micro-Emergency)

  • Target: Individuals needing immediate, small-scale liquidity.

  • Capacity: Between ₦20,000 and ₦50,000.

  • Terms: Rapid repayment of up to 15 days.

  • Goal: Covering daily essentials like transport, utilities, food, or minor medical emergencies.

2. Tech-Driven Trust: The “Financial Dignity” Protocol

In a market where digital lenders have sometimes been criticized for predatory recovery tactics, Andray Finance is pivoting toward transparency and ethical recovery.

• Upfront Disclosure: All interest rates and fees are disclosed at the point of application, eliminating “hidden surprises.”

• AI Risk Assessment: The platform uses a Software as a Service (SaaS) model powered by AI to analyze alternative data (transaction patterns and behavioral trends) rather than just traditional credit scores.

• Mobile-First Privacy: Loan tracking and repayments are managed entirely through the Andray Mobile App, which includes a “Financial Dignity” protocol to ensure borrower data remains private and secure.

3. The Macro Context: Nigeria’s 2026 Fintech Surge

Andray’s launch coincides with a critical era for Nigerian finance:

• Economic Ranking: The IMF projects Nigeria will return as Africa’s third-largest economy by the end of 2026, driven partly by the resilience of the digital services sector.

• Regulatory Evolution: The FCCPC (Federal Competition and Consumer Protection Commission) has recently enforced a January 5, 2026, deadline for all digital lenders to comply with new ethical guidelines, paving the way for more “responsible” players like Andray to gain market share.

• Financial Inclusion: According to CBN reports (2025/2026), over 25% of all electronic transactions in Nigeria are now processed via real-time payment channels, creating the perfect infrastructure for nano-credit disbursements.

Quick Comparison: Digital vs. Conventional Lending (2026)

“Financial inclusion is not just about availability, but about trust, speed, and fairness. We are building a system where borrowers know exactly what they are getting into.” — Andray Finance Statement, 2026.