Fundall Review: Legit or Scam?

Fundall is a financial service provider in Nigeria, offering Nigerian investors the opportunity to save and earn up to 15% interest per annum.

With the Fundall app, users can perform various financial services including long and short-term savings.

However, we still have to answer the question of how good is Fundall compared to Fintech apps offering similar services.

In this review, we will look at some of Fundall’s features and also the legitimacy of the platform. 

About Fundall

Fundall is offering almost all financial technology services you can currently think of. From investment, loans, funder transfers, cross-border payments, and Lifestyle cards all the way to Bill Payment.

According to the company website, they aim to provide robust financial services to individuals, businesses and corporations.

They have built a mobile app for all things money in one place from easy money management to savings and investments. Anyone and everyone can save and invest toward their goals on this app.

Is Fundall Legit?

Fundall is a Financial Technology company duly registered with the Corporate Affairs Commission, Nigeria (RC: 1567663) with our office at The Abebi, 23B Tinubu Close, Off Coker Road, Ilupeju, Lagos. Its savings and loans scheme is duly registered under the Co-operative Societies Laws of Lagos State with registration number LSCS 18305 as Fundall (Mushin) Multipurpose Cooperative Society Limited. 

All indicators tell us that Fundall is a legitimate financial service provider. The platform has over 50,000 downloads on Google Play with 3.9-star ratings, on Apple Play Store, it has 4.5-star ratings. Both Stores have lots of degrees and most of them are positive, the more recent reviews on Google Play Store indicate some bugs in the company’s latest update which we believe they are looking to fix soon. 

Fundal recently received funding and was acquired by Emerging Africa Group according to Cunchbase. Emerging Africa Group is a reputable venture capital firm focused on investing in the finance sector. This further proves the legitimacy of this platform.

Banking Services offered on Fundall

For individuals:
  • Digital Bank
  • Bills Payment
  • Cards (Naira & USD) – Physical & Virtual
  • Multi-currency wallets
  • Remittances / cross-border payments
  • Loans and Robo-advisory
  • Save as You Spend
For Business:
  • Invoicing & Receipt
  • Contracts & Proposal
  • Escrow
  • Paylink & Storefront

Also read: Review: Is Entrepreneurs Trustfund Legit?

Saving And Investment Products On Fundall

Fundall offers various types of investment and saving plans some of which are mentioned below

  • HRMS / Payroll Manager
  • Fundcore; Core Banking Application and Accounting / Finance Suite
  • TaxRight (Tax Management Solution)
  • Cashflow analytics
  • Customer Management System
  • Save in Naira and dollars
  • Invest in Mutual funds
  • Access automated budgeting

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