April 1, 2024

Top 10 Fintech Companies In NigeriaThe Nigerian fintech landscape is growing rapidly with new companies springing up to provide innovative financial services to consumers and businesses. With the increasing use of mobile phones and mobile money, fintech is well-positioned to drive financial inclusion in Nigeria.

In this article, we will take a look at the top 10 fintech companies in Nigeria. These companies are leading the way in terms of technology and innovation, and are providing a wide range of services such as mobile money, payments, lending, and savings.

If you are looking for a fintech company to partner with, or invest in, this list is a great place to start. That being said, let’s quickly find out what Fintech is all about for the sake of those crossing the world for the first.

What Is Fintech?

FinTech is a broad term used to describe the various new technologies and companies that are shaking up the financial sector.

From mobile payments and peer-to-peer (P2P) lending, trading and blockchain, FinTech companies are using innovative technologies to provide financial services in new and innovative ways.

With the emergence of Fintech Companies In Nigeria, you no longer have to queue up in the banking hall to make transactions. In fact, you can stay in your comfort zone and create a working bank account without the hassle of going to the bank.

The Fintech sector has received a lot of attention in recent years, with investors pouring billions of dollars into the industry. The global FinTech industry is expected to be worth $309 billion by 2022.

Having said that, let us now Scan through the list of the Fintech Companies In Nigeria. Don’t forget to read with all attention so as not to miss any important part of the article.

Top 10 Fintech Companies In Nigeria

The financial technology (FinTech) sector is one of the fastest-growing and most disruptive industries in the world today. Although there are many Fintech Companies In Nigeria this article will only concentrate on the top guys in the industry.

The following is the list of the top 10 Fintech Companies In Nigeria

  • Flutterwave
  • Paystack
  • Social Cash
  • Piggy Vest
  • Interswitch
  • Carbon
  • Paga
  • Chipper
  • Accelerex
  • Kuda Bank

FlutterwaveTop 10 Fintech Companies In Nigeria

Flutterwave is One of the oldest Fintech Companies In Nigeria, it was founded by Olugbenga Agboola and Iyinoluwa Aboyeji in 2006. Flutterwave has been in operation since then helping people send and receive money across the globe.

It’s a payment gateway that helps merchants receive money online via credit and debit cards. As of the time of this article, flutter wave has successfully partnered with over 40 Banks in Africa with over 100,000,000 transactions.

If you looking for a payment gateway to receive money from the sale of your digital products, flutter wave is your number one go-to.

PaystackTop 10 Fintech Companies In Nigeria 2022

Paystack as the name implies is another payment gateway to help businesses to send and receive money on the internet. It’s not of the oldest and among the list of top 10 Fintech Companies In Nigeria.

When you sign up and Link your account to your payment pages, all successful payments will be directed to your bank account.

Big companies like bet9ja, Sportybet, jumia, and the rest are using it to help customers deposit money into their betting accounts and shop online successfully.

Paystack was established in 2015 by Shola Akinlade and Ezra Olubi. Their head office is located in Lagos. 126 Joel Ogunnaike St, Ikeja GRA 101233.

Social CashTop 10 Fintech Companies In Nigeria

Social Cash is a Social-FinTech company under TecheraX Global LTD, banking services by Providus Bank.

It is a fast-rising mobile application that allows users to seamlessly make transactions and socialize in just ONE app. The company was founded on November 4th by a port Harcourt base entrepreneur Richard Chino.

The company is new to the Fintech industry but it’s one of the best out there. Aside from using it to send and receive money in Naira and dollars, you can seamlessly Access social media platforms like Facebook, Twitter, and Instagram without leaving the app.

Social Cash will allow you to buy and sell the dollar at the current dollar rate, you can equally trade crypto, Data, and airtime on the platform. The benefits are endless. You’ll get To know more about this social Cash when you download and registered with them or read one of the best review about the platform here. 

Piggy vestTop 10 Fintech Companies In Nigeria

Piggyvest is One of the top Fintech Companies In Nigeria, it was primarily founded as a savings company in 2016, and after a couple of years, the company sees the need to Help Grow member’s finance and introduce various investment plans with great returns on investment.

Piggyvest is West African first online savings company, originally found as piggy bank but later rebranded into piggyvest to accommodate and fit the new plans.

On piggyvest, you can save as much as possible without the fear of losing your money. There are different saving plans for you to choose from when embarking on it. You can save for long-term or short-term projects.

In addition, you can invest in various investment plans with great return on investment with little as N100.

Piggyvest allows you to create and own a bank account on the platform without visiting any big hall waiting time all the name of creating a Bank account. You can receive money into the account from any Bank within and outside the country.

InterswitchTop 10 Fintech Companies In Nigeria

Next on the list of our top 10 Fintech Companies In Nigeria is Interswitch. Interswitch is a leading technology and payments processing company based in Nigeria. The company was founded in 2002 in response to the growing need for more reliable and efficient electronic payments in Africa.

The company has since grown to become one of the most innovative and respected financial technology companies on the continent. According to the report, the company processes over 1.5 billion transactions worth over $25 billion annually.

Interswitch is also the largest shareholder in VISA for Africa.
With a strong focus on customer experience and technical innovation. The company has a team of over 500 engineers and developers who work on continuously improving the platform.

The company has continuously changed the way people pay and get paid in Africa and also leading the way in Africa’s digital economy by making it easier for people to access and use digital services.

The company’s Head Office Is Located At 1648C Oko Awo St, Victoria Island, Lagos Nigeria.

Carbon Pay laterTop 10 Fintech Companies In Nigeria

Carbon is a new fintech startup that is shaking up the banking industry. The company has developed a new way to provide banking services that is more efficient and convenient for customers. Carbon has a few key features that make it stand out from the competition.

First, Carbon is a mobile-first bank. This means that customers can use the Carbon app to do all of their banking from their smartphones. This is especially convenient for people who are always on the go and don’t have time to go to a physical bank branch.

Second, Carbon is a Relationship-based bank. This means that the company focuses on developing long-term relationships with its customers. To do this, Carbon offers a wide range of financial services, such as loans, investments, and insurance.

Third, Carbon is a Green bank. This means that the company is committed to sustainable banking practices. For example, Carbon offsets all of its customers’ carbon emissions from their banking activities.

If you’re looking for a new, convenient, and sustainable way to the bank, then carbon is your next try.

PagaTop 10 Fintech Companies In Nigeria

Paga is a Nigerian fintech company that provides mobile money and digital payment services. The company was founded in 2009 by a team of payment industry veterans with a mission to make it easy for anyone to send and receive money.

Paga along with some other Fintech Companies In Nigeria has been licensed as a payment service provider by the Central Bank of Nigeria. The company’s platform enables users to send money to anyone with a mobile phone, as well as make payments for goods and services.

The company has over 10 million registered users and processes over $1 billion in annual transactions. It has a network of over 30,000 agents and 250,000 merchants across the country.

Chipper CashTop 10 Fintech Companies In Nigeria

Another interesting company on our list of top 10 Fintech Companies In Nigeria is chipper. To make financial services more accessible to everyone, Hamse Warfa and Toby Schistad established Chipper Cash, a mobile-first financial services firm with headquarters in Lagos, Nigeria.

Users can access credit products, send and receive money, and make payments via the mobile app provided by Chipper Cash. Investors including Andreessen Horowitz, The Valley Fund, GV, and Precursor Ventures contributed $13 million to the startup. In 2019 Forbes Magazine recognize Chipper Cash as one of the top 50 fintech firms in Africa.

The company Head Office Is Located At 814 Mission St. San Francisco, California, USA

AccelerexTop 10 Fintech Companies In Nigeria

Fintech is one of the most innovative and talked-about industries in the world today. And Accelerex is at the forefront of this revolution.

Accelerex is a leading provider of financial technology solutions. Their products are used by some of the world’s biggest banks and financial institutions. But what sets Accelerex apart from other fintech companies is their focus on emerging markets.

Accelerex was founded in 2013 to provide financial inclusion to underserved markets. They currently have a presence in Africa, Asia, and Latin America. And their products are used by over 1 million people.

Kuda BankTop 10 Fintech Companies In Nigeria

The last on our list of the top 10 Fintech Companies In Nigeria is Kuda Bank.  Kuda is a digital-only, premier licensed commercial bank in Nigeria built on the foundation of modern technology, excellent customer service, and transparency.

The company was founded in 2018 to provide easily accessible and affordable banking products and services to everyone in Nigeria.

Kuda’s mission is to use technology to make it easy and affordable for everyone in Nigeria to access quality financial products and services. The company is committed to providing world-class customer service and transparency in its services.

Kuda is licensed by the Central Bank of Nigeria and is regulated by the Nigerian Deposit Insurance Corporation. They are also a member of the Nigerian Inter-Bank Settlement System and are audited by KPMG.

They are headquartered in Lagos, Nigeria and their shareholders include Y Combinator, Green Visor Capital, Est accelerator, Kairos, and more.

Frequently Asked Questions (FAQ)

This section of the article is dedicated to  provide a quick and coinsise answers to your many questions related to the Fintech Companies In Nigeria.

What is the best fintech company in Nigeria?

For an obvious reasons, people want to know what or which is the best Fintech Companies In Nigeria.

The truth is, there is no one best Fintech company in the the country, this is because these companies offers similar service and each have what is best for their costumers.

How many fintech companies are in Nigeria?

Presently, there are over 200 Fintech Companies In Nigeria and more and joining daily. By the end of 2025 the number is expected to grow to 300-400.

Is Kuda a fintech?

Yes, Kuda is a Fintech Company because it uses innovative technologies to provide financial services.

Which fintech company is fastest-growing?

From my research, Social Cash is the fastest growing Fintech Company In Nigeria. Social Cash was launch on November 4th 2022 and has been downloaded by over 1000 consumers so far without paid promotion.

This fit has been attain in the whole world by a few companies.


In conclusion, many fintech companies in Nigeria are providing innovative services to consumers and businesses. These companies are helping to drive economic growth and development in the country.

Thank you for reading this article on fintech companies in Nigeria. We hope you found it informative and helpful. If you have any questions or comments, please feel free to get in touch with us.

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