The selection process evaluated over 2,000 companies based on key performance indicators and input from market experts.
By Abioye Damilare Samson
Ten African fintech companies have earned a spot on CNBC and Statista’s 2025 list of the World’s Top 300 Fintech Firms, marking a significant milestone for the continent’s growing digital finance ecosystem. These companies, OPay, PalmPay, Moniepoint, PiggyVest, Interswitch, Paymob, Myfawry, Yoco, M-Kopa, and Tala, were recognised across various categories, including Digital Payments, Neobanking, Lending, and Wealth Technology.
The selection process evaluated over 2,000 companies based on key performance indicators and input from market experts. Only the top 300 made the final list, which reflects global leaders driving innovation and impact in financial technology.
Nigeria led the continent with five companies featured: OPay, PalmPay, Moniepoint, PiggyVest, and Interswitch. Egypt followed with Paymob and Myfawry, while Yoco (South Africa), M-Kopa (Kenya), and Tala (Kenya/U.S.) also made the list.
Moniepoint Group CEO, Tosin Eniolorunda, described the recognition as “an honour”, citing the team’s role in shaping the global fintech landscape. Meanwhile, PiggyVest co-founders Somto Ifezue, Odun Eweniyi, and Josh Chibueze shared on X (formerly Twitter): “We’re especially proud to be the only African company recognised in the Wealth Technology category, alongside other international giants in the industry. At Piggyvest, we believe that financial freedom should be simple, accessible, and achievable. That belief continues to drive everything we have built over the past nine years and counting”.
The list reveals Africa’s growing relevance in the global fintech space, with several of these companies having expanded beyond their local markets and attracted significant investments in recent years.
Cover image credit: EmpowerAfrica