The largest electric mobility firm in Africa, Spiro runs the largest and fastest-growing battery-swapping network for electric two-wheel vehicles on the continent. Uganda, Kenya, Nigeria, Rwanda, Togo, Cameroon, and Benin are among the countries where it operates assembly plants.
With more than 95,000 electric motorbikes, more than 2,500 battery swapping stations, and more than 30 million battery exchanges, Spiro has completed more than 1 billion kilometers of low-carbon emissions travel to far. The company is replacing costly imported fossil fuel-based transportation with accessible, affordable, and sustainable alternatives.
With reported growth rates of roughly 10% in late 2025, the Nigerian transportation and logistics industry continues to show consistent market activity. Thousands of transporters and delivery merchants will have better access to structured asset financing thanks to FairMoney’s new program, as road freight and passenger transport continue to be the country’s most popular forms of transportation.
The solution promotes activities in Nigeria’s logistics and mobility industry and helps address micro-SMEs’ limited access to structured financing by giving them access to business-use transport assets.
Mobility entrepreneurs who want to buy cars can now apply for flexible repayment plans, subject to eligibility conditions and a credit evaluation. Applicants can go through a systematic onboarding and review process with FairMoney’s tech-enabled onboarding and risk assessment capabilities.
“Our mission has always been to increase financial inclusion and create income opportunities by supporting individuals and small business operators in growing their businesses. With this solution, we are focused on supporting small business operators and mobility entrepreneurs who contribute significantly to transportation and commercial activity,” said Henry Obiekea, managing director of FairMoney. “The solution is designed to provide structured asset financing for eligible operators.”
