Flutterwaves 3. Hotels 11. Flutterwave Offices. 3: The number of fintech unicorns from Nigeria. The growth of FinTech in Nigeria has caught the attention of the government. Interswitch 4. The company was formerly Agip Oil. has been assisting small businesses and tech giants like Microsoft and Zoom with online payment since 2011. Top Fintech Masters in 2022 Menu Toggle; Paga 17. eTranzact 18. Value: $25 billion (perhaps a $40 billion IPO) Top Nigeria FinTech Startups Data sourced from Crunchbase and SemRush. Paystack 2. Otrac 17. Piggyvest 3. Opay 2. PayStack is one of the main Fin-tech companies in Nigeria that enables businesses to complete payments from clients utilizing MasterCard, Visa, and Verve cards anywhere on the planet. E-tran z act. In Q1 2020, according to the Nigerian Startup Funding Report by Techpoint, Nigerian startups raised $55.37, higher than they did in Q1 2018 and Q1 2019 combined. 8, Providence Street, Lekki Phase One, Lagos, Nigeria. Currently, Nigeria boasts of more than 200 FinTech companies. Kuda Bank 10. For this reason, it is said to be among the best and leading Fintech in Nigeria. It is a mobile wallet mainly for depositing, saving money, purchasing prepaid phone credit, paying bills, and making payments to retailers. They are, however, not in any particular order. Also in 2018, wallet.ng, a Nigerian FinTech company was listed among the Top 100 FinTech companies in the world, in a report published by KPMG and H2 Ventures- the 2018 FinTech 100. 4 Top Fintech companies in Nigeria 4.1 Flutterwave 4.2 Paystack 4.3 Paga 4.4 Piggyvest 4.5 Interswitch 4.6 E-tranzact 4.7 Carbon 4.8 Remita 4.9 Kuda 4.10 Lidya 5 Conclusion History of Fintech in Nigeria Fintech in Nigeria started when banks began to incorporate technology into their systems to promote smooth operations. PZ Cussons; PZ is one of the major consumer companies in . Nigeria has one of the largest populations of fintechs in Africa. 34. Cowrywise Crunchbase Website Twitter Facebook Linkedin CowryWise is a FinTech company democratizing access to premium financial services by making these services available to the mass market cheaply. Here is a list of the top 10 best FinTech companies in Nigeria: Flutterwave Paystack PiggyVest Paga Interswitch E-tranzact Carbon Paylater Remita (SystemSpecs) VoguePay Kuda Bank Takeaway The FinTech industry in Nigeria is a promising one and is still booming. 6: Nestl Nigeria FMCG, Multinational A global leader in the nutrition and wellness industry, Nestl is one of Nigeria's largest food companies. 10. 5 Leading API FinTech Startups In Nigeria. Number of Fintech companies founded globally 2008-2018, by industry; Technology company IPOs in U.S. 2011 to 2017; The company is operational in over five African Countries including; Nigeria, South Africa, Ghana, Kenya and several others. Etranzact Fintech Companies In Nigeria That Mostly Deal In Banking 6. Banks and Other Financial Institutions Act 2020 and Impact on Fintech Companies in Nigeria. Carbon Carbon Founders 2. Chipper Cash 9. As of 2018, there were over 100 FinTech companies in Nigeria engaging in mobile money, credit, e-payment, and e-collection. Close extra sharing options. Flutterwave 2. Dangote Group, First Bank, Chevron and Elizade are among the top 100 companies. Remita 5. Central Bank of Nigeria (CBN) Act 2017. 10. Fintech Associates Limited (Fintech) is a financial and technology solutions service provider that promotes financial technology solutions in collaboration with partners, and delivers optimization technologies across service platforms. Paga. November 06, 2013, 8:30 a.m. EST . Also in 2018, wallet.ng, a Nigerian FinTech company was listed among the Top 100 FinTech companies in the world, in a report published by KPMG and H2 Ventures- the 2018 FinTech 100. Nigeria's FinTech space is alive with activity. Risevest 11. FinTech - Nigeria Nigeria The market's largest segment will be Digital Payments with a total transaction value of US$12,150.00m in 2022. The Palmpay fintech app was first released in September 2018, according to information on Google Play. 6. Awards 2022. . Fint 22. expanding into Kenya and Nigeria with plans for other African countries. Bamboo 13. The country has, in fact, some of the highest amounts of fintech startups in Africa. Opay 15. . Trove App 12. Eyowo 21. The official updated and live list of the 250 largest Fintech companies by market valuation. The average transaction value per user in the. E-tranzact 12. Top Nigeria Fintech Startups Data sourced from Crunchbase and SemRush. Fueled by the internet of things, big data, and global digitalization, the industry, in the last decade, has grown by . Microsoft. 1323, Columbus Avenue, San Francisco, CA 94133, USA. Piggyvest 7. Chaka 3. She gained her independence in 1960 and became a full blown Republic in 1963. Though the sector saw a substantial drop in quarterly funding for the first three months of 2022, fintech still experienced record deal activity, according to CB Insights.. Eloho is another Nigerian woman in tech who hopes to encourage women to explore opportunities in the FinTech space. Overwood Capital 18. FLUTTERWAVE: Flutterwave is one of the best Nigerian fintech company founded in 2016 by Olugbenga Agboola, Iyinoluwa Aboyeji, and Adeleke Adekoya. The explosion of fintech companies and startups isn't surprising. This is one of the popular fintech companies in Nigeria; Paga is a mobile payment platform that enhances the easy sending and receiving of money in Nigeria. FinTech companies function as financial institutions. Interswitch Nigeria became the top fintech hotspot in the Middle East and Africa in 2021 as start-ups there received one-third of all fintech funding. Despite its decline, it still ranks among the top 10 fintechs in the U.S. 5 Min Read. The number of Nigerian start-ups securing investment increased by more than 90% in 2018 and total funding jumped by 50% (connectingafrica.com). It is an African-centred integrated digital payments and commerce company that encourages circulation of money just as the exchange of value among individuals and associations on a convenient and steady bases. Paga 19. In October 2020, another fintech in Nigeria Paystack, was acquired by financial giants Stripe for $200 million in the biggest fintech acquisition in Nigeria. The tech company is leading and has been ever-growing since its launching. Ex-Officio our MANAGEMENT Dr. Babatunde Oghenobruche Obrimah is the Chief Operating Officer of Fintech Association of Nigeria. Remita / SystemSpecs 6. Best Fintech Companies In Nigeria: Nigeria is a Federal Republic. These companies in Nigeria are driving real change for consumers as well as businesses. 35. Co. Ltd. (Oseco) Info Email Web Phone Lagos 29 Burma Road Nasco House Apapa Lagos Nigeria Naija Xpress Info Email Web Phone Lagos No 10 Coker Road Ilupeju Lagos The following companies did not match exactly but may also be of interest to you. Trove 13. Paystack 20. Interswitch 4. Riby 23. The company has a track record of providing expert financial and technology solutions across many sectors. SA's a FinTech Startup Peach Payments Expands to Kenya, Nigeria. Some of the groundbreaking collaborations are with Visa, Binance, and Paypal. Top Nigeria Fintech (Financial Technology) Companies Data sourced from Crunchbase and SemRush. Haulr 10. PiggyVest PiggyVest founders PiggyVest customer care phone number PiggyVest email PiggyVest website PiggyVest office address 3. Listed below are the FinTech companies in Nigeria: 247Cash.ngis an online platform that facilitates credit facilities in Africa by providing loans for both informal and formal sector of the economy. CowryWise 4. This covers to the Banks and Other Financial Institution Act (2020) which repealed the extant BOFIA 1991 (as amended). Now the country's fintech unicorns are becoming just as valuable as its banks. It also includes some notable provisions of the act that impact on fintech companies in Nigeria. Opay 16. Today, Interswitch and Flutterwave are valued at over $1 billion each, while OPay is valued at $2 billion. Interswitch Interswitch founder Interswitch customer care Phone number Interswitch Email Interswitch website Interswitch office address 2. Top 15 Fintech Companies in Nigeria Updated 2022 The following is a list of top 15 fintech companies operating in Nigeria. CocaCola; Known for the popular Coca-Cola drink, Coca Cola Nigeria is one of the top brands in the country. 1. PAYSTACK Founded in 2015 by Ezra Olubi and Shola Akindele, the dynamic duo who after being course-mates in the university went the extra mile and founded the PayStack company which in 2020 they sold for about N72 billion. Lidya 8. It is worthy to note that Flutterwave is amongst the top fintech companies in Nigeria that help enterprises in Africa go global by making the exchange of funds possible in 150+ monetary standards. The fintech industry is a crossbreed of two important industries - the financial and technological industries. Interswitch Interswitch is ranked the biggest and best fintech company in Nigeria. Some fintech players also raise funds through crowdfunding platforms and initial coin offerings. With this achievement, Interswitch makes the list of 15 top fintech companies in Nigeria. Paga. Chippercash 16. Renmoney 8. Flutterwave 2. 13 Founded in 2002, Interswitch is one of the oldest fintech companies in Nigeria. 2. Twitter; LinkedIn; Email; Show more sharing options. Hence, they come under the provisions of the BOFIA. Saipem Nigeria; Saipem is a subsidiary of the Italian energy company. Okra, Inc. Crunchbase Website Twitter Facebook Linkedin Okra is the Open finance infrastructure that enables developers & businesses build personalised digital products/services. 34 companies from Asia have been named among this year's top 100 global fintech innovators, according to H2 Ventures and KPMG's latest Fintech100 ranking. In Africa, Nigeria is considered to the third-best country for tech behind South Africa and Kenya. Remita is the most popular Fintech company in Nigeria. 1. Twitter; LinkedIn; Email; REGISTER NOW. When it comes to disclosed 2018 deals of over $5-million, five Nigerian startups fintech startups Mines, Flutterwave , Paga, Paystack and Lidya raised close to $50-million, against South Africa's Jumo and Yoco collective over $80-million last year. Giga Layer 8. In terms of funding, between 2014 and 2019, Nigeria's fintech space raised . In region, China was the most . Top 100 Companies in FinTech . 5. by Fintech News Hong Kong November 8, 2019. P&G ; P&G is one of the leading consumer goods companies in the country. Flutterwave Flutterwave is one of the main Fintech companies in Nigeria, and it is not only interested in making online payments easier but also in helping small businesses grow. What Is The Number 1 Fintech Company? Flutterwave 6. Banks have been increasingly collaborating with FinTech companies to improve customer experience and enable faster . In no specific order, they are; Leading Fintech Companies 1. Flying Doctors Nigeria 7. She launched an entrepreneur support organization called Endeavour. The fintech industry is growing every year, and the market is starting to fill up with financial services providers and early stage fintech startups trying to fulfill customers' needs and shape the future of finance. Paystack has not fewer than 17,000 commercial clients, including Betway, MTN, IrokoTV, Domino, and Taxify, making it one of the top FinTech businesses in Nigeria. In 2017, 30 Nigerian companies raised $63.3 million between them. 12 And while fintech investments in Nigeria grew to approximately $460 million in 2019, the majority of which was from external investors, this was only a small fraction of the $36 billion invested in fintech globally. Dollars in millions. It officially became available to Nigerian users in November 2019. 2013 Rank 2012 Rank Company Location Ownership Calender Year 2012 Revenue % FS; Total Risevest 14. Author. Seven of them made the top ten list, showcasing Asia's growing dominance on the global fintech scene. Well today we'll be looking at the top 10 Fintech Companies in Nigeria. It was founded by Tayo Oviosu in 2009 and is one of Nigeria's top 10 FinTech companies. Paga 11. The future of Nigeria's FinTech ecosystem is very bright. Interswitch, the soon-to-be first Africa's tech unicorn, is ranked as the 37th best company to work for in Nigeria, dropping four places from last year.
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