Five Nigerian-founded fintech companies have secured spots on CNBC’s list of the world’s top 300 fintech firms for 2025, cementing the country’s growing influence in the global digital finance ecosystem.
The prestigious ranking, compiled in partnership with research firm Statista, includes PalmPay, Moniepoint, OPay, Piggyvest, and Interswitch. Companies were assessed on key performance indicators such as revenue, workforce size, and growth trajectory, with selections made after comprehensive desk research and editorial input.
Four of the Nigerian firms—PalmPay, Moniepoint, OPay, and Interswitch—were listed under the Payments category, which highlights companies advancing digital transactions and financial accessibility. Piggyvest was featured under Wealth Tech, a category for firms focused on investment tools, digital asset management, and savings solutions.
Despite Nigeria’s status as a fintech hotspot with over 200 startups, only a handful made the global cut. Notably, Moniepoint, though Nigerian-founded, is legally headquartered in the UK. The United States led the ranking with 126 companies, followed by the UK with 38 and Singapore with 16.
PalmPay, which boasts over 35 million registered users and 15 million daily transactions, welcomed the recognition.
“To be recognised as one of the world’s top fintech companies by CNBC and Statista is a powerful affirmation of our mission to build a more inclusive financial system,” said Sofia Zab, Founding CMO of PalmPay. “As we scale PalmPay to more emerging markets, including Tanzania and Bangladesh, our focus remains on closing financial access gaps.”
Moniepoint Inc. also celebrated its inclusion. In a statement, Group CEO Tosin Eniolorunda said:
“It is an honour to be named as one of the world’s top fintech companies by CNBC. This recognition is a testament to the hard work and success of the entire team and highlights our emergence as a key player shaping the future of fintech worldwide.”
