Lagos — Five Nigerian fintech innovators, PalmPay, Moniepoint, OPay, Piggyvest, and Interswitch, have been recognized among the top 300 global fintech companies of 2025, according to a ranking released by CNBC in collaboration with Statista. The list evaluates firms worldwide based on key performance metrics, including revenue growth, operational scale, and workforce size.
The annual report, first launched in 2023, serves as a benchmark for identifying market leaders in technology-driven financial services. The selection process combined comprehensive desk research by Statista with editorial insights from CNBC, ensuring both quantitative and qualitative considerations in the final ranking.
While Nigeria is home to more than 200 fintech companies, the nation’s representation in the ranking remains limited. Notably, Moniepoint appears under the United Kingdom due to its corporate incorporation there, reducing Nigeria’s tally to four firms. The United States dominates the list with 126 companies, followed by the United Kingdom with 38, and Singapore with 16, overtaking India for third place.
PalmPay’s leadership team welcomed the recognition, pointing to its sustained momentum across African markets. The company processes over 15 million daily transactions and serves more than 35 million registered users. Founding Chief Marketing Officer Sofia Zab emphasized that the acknowledgment aligns with PalmPay’s mission to build a more inclusive financial system, with expansion plans targeting emerging markets such as Tanzania and Bangladesh.
Moniepoint’s Group CEO, Tosin Eniolorunda, also praised the achievement, calling it a testament to the dedication of its team and the company’s growing influence in shaping the future of fintech on a global scale.
The CNBC global fintech list includes companies across diverse categories such as banking solutions, payments, and digital assets. It not only offers investors and industry stakeholders a snapshot of the most influential players in the sector but also reflects the shifting geography of innovation, where emerging markets continue to carve a place alongside established economies.
With Africa’s fintech ecosystem gaining visibility on the global stage, industry observers expect increased cross-border collaboration, investment flows, and technological adoption that could accelerate financial inclusion across the continent and beyond.
