In a decisive nod to Africa’s growing influence in the global fintech space, five Nigerian fintech companies, PalmPay, Moniepoint, OPay, PiggyVest, and Interswitch, have been named among the world’s Top 300 Fintech Companies of 2025, according to a joint ranking by CNBC and Statista.
The annual list celebrates fintech firms that drive innovation across key industry verticals, including payments, wealth technology, and alternative finance. This year’s selection was based on a rigorous evaluation of over 2,000 companies worldwide, with metrics such as revenue, growth, and employee strength forming the basis for inclusion.
Nigeria’s Strong Showing
Nigeria led Africa’s representation, with four companies, PalmPay, Moniepoint, OPay, and Interswitch, earning recognition in the payments category. These companies were celebrated alongside global players like PayPal for their role in simplifying and scaling digital transactions across the continent.
PiggyVest, on the other hand, was the sole African fintech featured in the Wealth Technology category. Its inclusion is particularly noteworthy, marking the second consecutive year the company has earned this recognition.
“We’re especially proud to be the only African company recognised in the Wealth Technology category, alongside international giants,” PiggyVest said in a joint statement by CEO Somto Ifezue and Co-founders Odun Eweniyi and Josh Chibueze. “At PiggyVest, we believe that financial freedom should be simple, accessible, and achievable.”
Milestones and Impact
These recognitions underscore the strides made by Nigerian fintechs in delivering impactful financial solutions:
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PalmPay serves over 35 million users, processing more than 15 million transactions daily, and is expanding across Africa.
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Moniepoint, recently valued at over $1 billion, offers a full-stack financial platform and processes more than 1 billion transactions monthly.
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OPay, with over 60 million users, has gained traction as a leading super-app for payments, lending, and merchant services.
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Interswitch, a pioneer since 2002, continues to expand its digital payment network across Africa, with over 85 million cards issued.
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PiggyVest has paid out over ₦2 trillion to more than 7 million users since its inception in 2016.
Africa’s Growing Fintech Footprint
Beyond Nigeria, M-KOPA (Kenya), Yoco (South Africa), and Egypt’s Paymob and MyFawry were also featured in the rankings. This wider African presence reflects the continent’s rising relevance in the global financial innovation landscape.
While many challenges still face African fintechs, ranging from regulatory constraints to funding limitations, their presence on such a prestigious global list signals a clear message. Africa is not just participating in the fintech revolution; it is shaping it.