10 African Fintech Companies Ranked as part of the World’s Top 300 in 2025
According to CNBC and Statista, ten fintech companies from Africa have been recognized as part of the top 300 Fintechs worldwide in 2025, showcasing the continent’s increasing impact on global financial innovation, even amidst a decrease in worldwide investment.
The list covers seven categories, which include digital payments, digital assets, enterprise fintech, Insurtech, wealth technology, neobanking, and alternative financing, and it underscores important changes in the financial technology sector.
The criteria for selection were based on essential performance metrics such as revenue growth, user acquisition, product innovation, and market expansion.
Significantly, global fintech investment fell by 20% in 2024 to $95.6 billion, marking a seven-year low, as reported by KPMG’s Pulse of Fintech report.
Nonetheless, African fintechs continue to thrive, driving financial inclusion, transforming payment systems, and expanding digital lending across the continent, particularly in markets where traditional banking services are limited.
The 10 African fintechs:
| S/N | Company | Country | Category |
|---|---|---|---|
| 1 | OPay | Nigeria | Payment |
| 2 | PalmPay | Nigeria | Payment |
| 3 | Moniepoint | Nigeria/Uk | Payment |
| 4 | Interswitch | Nigeria | Payment |
| 5 | MyFawry | Egypt | Payment |
| 6 | PayMob | Egypt | Payment |
| 7 | Yoco | South Africa | Payment |
| 8 | PiggyVest | Nigeria | Wealth technology |
| 9 | M-KOPA | Kenya/UK | Alternative Financing |
| 10 | Tala | Kenya | Alternative Financing |
Africa’s Fintech Powerhouses
Spanning four regions, West, East, North, and Southern Africa; the selected companies reflect the diversity and resilience of African fintech innovation:
OPay (Payments): With a user base exceeding 60 million, OPay runs a comprehensive super-app that provides mobile payments, loans, and merchant services. Its valuation saw a significant increase in 2024, nearing the $3 billion threshold.
Recently, the fintech firm was honoured as Fintech Company of the Year in Nigeria and was also shortlisted by the World Economic Forum as a “Global Disruptor in Emerging Markets.”
African startups are addressing genuine challenges, enhancing financial access, inclusion, and trust on a large scale.
PalmPay (Payment): This leading payment platform has experienced impressive growth, catering to 35 million users and processing 15 million transactions daily in Q1 2025.
It plans to expand into new markets, including Côte d’Ivoire, South Africa, Uganda, and Tanzania, after being recognised in the Financial Times’ list of Africa’s Fastest-Growing Companies in 2024.
Interswitch (Payment): With over 20 years of expertise in digital payments, Interswitch has positioned itself as a seasoned player in the sector.
The company has issued more than 85 million Verve cards and boasts a strong presence across borders. Its market dominance was further acknowledged when it was listed among Africa’s Top 10 Most Valuable Brands in 2024 by Brand Africa.
Moniepoint (Payment): Previously known as TeamApt, Moniepoint has reached unicorn status after obtaining $110 million in funding from notable investors, including Google and Visa. Its exceptional growth led to its recognition as Africa’s Fastest-Growing Fintech in the Financial Times’ 2024 list of Africa’s Fastest Growing Companies.
PiggyVest (Wealth Technology): The sole African fintech recognised in the wealth technology sector, PiggyVest has catered to over 7 million users and facilitated ₦2 trillion in savings and investments since its inception in 2016.
PiggyVest received the award for Best Digital Savings Platform at the 2024 African Fintech Awards.
Expanding Across Africa
In addition to Nigeria, fintechs in Egypt, Kenya, and South Africa have also made their mark:
MyFawry (Payments): This consumer-focused platform generated over $121.6 million in revenue in 2024, with 47% of its growth attributed to digital banking services. The platform operates more than 372,000 POS terminals and was awarded Best Consumer Fintech App at the 2024 Egypt Fintech Innovation Awards.
Paymob (Payments): Catering to over 350,000 merchants, Paymob secured $22 million in 2024 to enhance fintech infrastructure across North Africa and beyond. It was recognised by Forbes Middle East as one of the Top 20 Fintech Startups to Watch in MENA.
M-KOPA (Alternative Financing): Renowned for its pay-as-you-go smartphones and asset financing, M-KOPA now operates in five countries with 7 million customers and received the Financial Inclusion Award at the 2024 Africa Fintech Summit.
Tala (Alternative Financing): With a total funding of $360 million, Tala has transformed microloans through smartphone data and now serves over 8 million users. It was named one of Fast Company’s Most Innovative Companies in 2024.
Yoco (Payments): As South Africa’s leading POS fintech, Yoco won the award for Best SME Enabler at the 2024 African Fintech Forum. Known for its affordable POS devices, Yoco supports over 200,000 SMEs and has raised $107 million to date, including an $83 million Series C round in 2021.
Africa’s Fintech Future
The inclusion of these African startups on a global platform highlights the continent’s fintech progress despite challenges. While Western markets face investor fatigue, African startups continue to tackle real-world issues, enhancing financial access, inclusion, and trust on a large scale.
Source: Business Insider Africa