Five Nigerian-founded fintech companies — PalmPay, Moniepoint, OPay, Piggyvest, and Interswitch — have been listed among the world’s top 300 fintech firms of 2025, according to a ranking published by CNBC in collaboration with Statista.
The global ranking, released this week, evaluated fintech leaders based on key metrics including revenue, employee count, and operational growth. The selection process combined comprehensive research by Statista with editorial insights from CNBC.
Nigeria’s Representation in Global Fintech
In the Payments category, four Nigerian fintechs — PalmPay, Moniepoint, OPay, and Interswitch — were recognised for their impact in facilitating digital transactions, payment gateways, and expanding financial access for individuals and businesses.
Piggyvest earned its spot in the Wealth Tech category, which features companies providing investment tools, trading platforms, and digital asset management solutions.
Despite Nigeria’s vibrant fintech ecosystem of over 200 companies, only these five firms made the list — with Moniepoint officially incorporated in the UK — making Nigeria one of the least represented nations. The United States led the ranking with 126 companies, followed by the United Kingdom with 38, and Singapore with 16.
Industry Reactions
PalmPay, boasting over 35 million registered users and 15 million daily transactions, celebrated 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 Chief Marketing Officer of PalmPay. “As we scale PalmPay to more emerging markets, including Tanzania and Bangladesh, our focus remains on closing financial access gaps.”
Moniepoint Inc, with its group headquarters in the UK, also reacted positively.
“It is an honour to be named as one of the world’s top fintech companies by CNBC,” said Tosin Eniolorunda, Group CEO of Moniepoint. “This recognition highlights the hard work of our team and underscores our emergence as a key player shaping the future of fintech globally.”
This international recognition underscores the growing influence of Nigerian-founded fintechs on the global stage, even as the sector continues to face regulatory and infrastructural challenges at home.
