Frequently Asked Questions

Yes. PoderMonie is sponsored by Poder Finance Company Limited, a finance company licensed and regulated by the Central Bank of Nigeria (CBN). PoderMonie operates within the applicable regulatory and compliance framework.

Simply visit our web app, create an account, and complete your profile. You'll need to provide basic personal information and complete our Know Your Customer (KYC) verification process to access our full range of savings, and loan products.

You'll typically need a valid government-issued ID (such as an International Passport, Driver’s License, Voter’s Card, or National Identity Card), proof of address (like an electricity bill or rent receipt), and a verified official email address.

You can fund your wallet using your selected funding method — Card, Bank Transfer, or Direct Debit.

There are no Fees for deposits. The bank transfer fees are applicable for withdrawals.

Yes. We employ industry-standard security measures to protect your personal and financial information. Our platform is designed with multiple security layers to safeguard your wallet and transactions.

Yes. We are regulated by the Central Bank of Nigeria and provide secure financial solutions for individuals and businesses.

Yes, but early withdrawal may attract a penalty charge.

You choose your funding method — Card, Bank Account, or Direct Debit and your periodic savings amount is automatically deducted according to your selected savings schedule.

Interest rates vary by product and tenor. We offer very attractive returns on investment.

Yes. You can open multiple savings plans. Each savings goal operates independently with its own target amount, tenor, and interest rate.

Select an available Fixed Income Opportunity on the invest page and submit an Expression of Interest with the requested information. Sign Up/Login and fund your wallet with the amount you wish to invest. Upon successful completion, your PoderMonie wallet will be debited for the investment amount, and a confirmation email will be sent to your registered email address with details of your investment.

No. Fixed Income Investments offered through PoderMonie, including Commercial Paper, Treasury Bills and Bonds, are held until maturity. Investors should therefore ensure that they will not require the invested funds before the stated maturity date.

You can borrow up to N20 million. Loan amounts vary by product.

We offer competitive Interest rates and they differ by product.

Approval timelines and disbursements are fast and secure

Yes. Eligible Fixed Income Investments held through PoderMonie can be used to support a loan application through InvestPlus. InvestPlus allows you to borrow against your eligible Fixed Income Investments, giving you access to funds without having to wait until your investment matures.

MerchantPlus provides eligible businesses with access to working capital to finance their business operations and growth. Businesses can apply through PoderMonie by providing the required business and financing information.

InvoicePlus enables eligible businesses to access working capital by financing qualifying unpaid invoices, rather than waiting for customers to pay.

We employ industry-standard security measures to protect your personal and financial information. Our platform uses encryption, secure authentication, and follows best practices to ensure your data remains confidential and protected.

If you suspect unauthorized access to your account, contact our support team immediately. We recommend regularly updating your password and monitoring your account activity for any suspicious transactions.

PoderMonie's Referral Bonus rewards you for inviting others to join the platform. Share your unique referral code or link with friends, family or colleagues. When an eligible referral signs up and completes the applicable qualifying requirements, you may receive a referral bonus credited to your PoderMonie account, subject to the terms and conditions of the referral programme.