Nigeria’s fintech industry continues to shine on the global stage, with five home‑grown companies, Interswitch, Moniepoint, M‑KOPA, OPay and Piggyvest, earning recognition among the world’s top 300 fintech firms in 2025, according to a recent ranking by CNBC and Statista.
The list, unveiled this week, highlights fintech innovators across seven market segments, using a mix of key performance indicators — including revenue, growth metrics, and employee head‑count, evaluated through Statista’s desk research and editorial review by CNBC
Nigeria leads the pack in representation, with five standout names included on the prestigious roster .
Interswitch, already a household name since its launch in 2002, holds its place among the elite fintechs. The Lagos‑based payments giant, behind Quickteller and the Verve card scheme, serves over 30 million users and 100,000 merchants across Africa .
Moniepoint, formerly TeamApt, earned unicorn status in October 2024 after closing a US$110 million Series C round led by Google’s Africa Investment Fund, bringing its valuation above US$1 billion . The company now processes over 1 billion transactions monthly, managing more than US$22 billion in volume for a customer base topping 10 million
M‑KOPA, an innovative pioneer in pay‑as‑you‑go asset financing, has disbursed over US$2 billion in digital credit to more than 7 million users across Kenya, Uganda, Nigeria and Ghana. Fast growth, a 65% year‑on‑year jump in 2024, puts its annual revenues on track to exceed US$500 million in 2025 .
OPay, launched in 2013 and headquartered in Lagos’s Ikeja, remains a major force in mobile finance. A top‑tier fintech, its inclusion on the list affirms its strong user base, diverse services, and pan‑African ambitions .
Piggyvest, specializing in wealth‑tech and digital savings, joins the other four fintechs under the WealthTech segment. Alongside Moniepoint it forms Nigeria’s rich representation in this category .
Regional breakdowns show that, while the United States leads with 126 fintechs, Nigeria still places five companies on the list despite housing over 200 fintechs nationally, underlining both fierce competition and deep talent
Representatives from these companies praised the recognition. PalmPay, for instance, noted its 15 million daily transactions and 35 million registered users as proof of its drive toward broader financial inclusion
Meanwhile, Moniepoint’s CEO Tosin Eniolorunda remarked that the listing confirms the dedication and impact of his team on the global fintech stage
This latest accolade further cements Nigeria’s reputation as a vibrant fintech nucleus, home to trailblazers reshaping how Africa — and the world — conducts digital finance.
