Top 20 Fintech Companies in Nigeria


Nigeria, often referred to as the “Giant of Africa,” is witnessing a remarkable surge in financial technology (fintech) companies. These startups are revolutionizing the way Nigerians access financial services, making them more efficient, accessible, and user-friendly. In this article, we’ll explore the top 20 fintech companies in Nigeria, their unique offerings, and their contributions to the nation’s economic growth.

Top 20 Fintech Companies in Nigeria


Top 20 Fintech Companies in Nigeria

Here are top 20 Fintech companies in Nigeria. Information about these companies have been outline below, you can check them out.


Piggyvest started as an online savings platform but has since expanded to include investment products. With approximately 2 million users, Piggyvest enables Nigerians to save and invest directly from their smartphones.


Flutterwave, recently crowned as an African Unicorn, facilitates seamless online payments for African companies and creatives. It allows businesses to make and collect payments globally. Flutterwave offers a suite of payment solutions, including payment processing, digital wallets, and cross-border remittances. The company’s innovative technology and extensive network have positioned it as a key player in Nigeria’s fintech industry, facilitating seamless financial transactions across borders.


Kuda, a mobile-only bank, offers zero card maintenance fees, free transfers, and automatic savings. It aims to simplify banking for Nigerians. Kuda Bank offers financial services through its mobile App. With features like budgeting tools, and real-time alerts, Kuda Bank provides consumers in Nigeria with a simple, customer-focused banking experience.


Paystack, an online payment company, positions itself as a growth engine for innovative companies and creatives across Africa. It streamlines online and offline payment processes. Paystack is a top payment processing platform that allows businesses to accept online payments seamlessly. With its user-friendly interface and robust security features, Paystack has become a preferred choice for e-commerce merchants, SMEs, and large enterprises in Nigeria.


As one of Nigeria’s pioneer fintech payment companies, Interswitch digitizes the payment ecosystem. Since its inception in 2002, it has evolved into an integrated payment services company, offering innovative financial products. Interswitch is a renowned fintech conglomerate that provides payment processing, digital banking, and value-added services to individuals and businesses. With its diverse portfolio of products and strategic partnerships, Interswitch continues to drive financial inclusion and digital transformation in Nigeria.


Lidya provides collateral-free business loans to entrepreneurs and small businesses. Its mission is to empower Nigerian businesses by easing access to credit. Small business loans and financial management products are provided by the fintech company Lidya. Lidya helps SMEs expand and prosper in Nigeria’s cutthroat market by utilizing machine learning algorithms and data analytics to provide SMEs with rapid, hassle-free financing.

Carbon (formerly Paylater)

Carbon is a digital lending platform that offers instant loans, investment opportunities, and bill payments to consumers. Leveraging technology and data analytics, Carbon provides accessible and affordable financial services to individuals, empowering them to achieve their financial goals. Carbon offers digital lending services, allowing users to access quick loans without collateral. It also provides bill payments and investment opportunities.


Opay is a comprehensive platform that offers a wide range of services to its users. It combines ride-hailing services, food delivery, and financial services, making it a one-stop shop for all your needs. The ride-hailing service allows you to book a ride with ease, while the food delivery service brings your favourite meals to your doorstep. The platform also offers financial services such as money transfers, bill payments, and mobile recharges. With Opay, you can conveniently access all these services from a single app, making it a convenient and efficient option for users looking for an all-in-one solution.


Chippercash is a reliable online platform that offers a seamless experience for cross-border transactions within Africa. With Chippercash, users can easily send and receive money across different African countries without any hassle.


Paga is a mobile payment platform that enables users to send money, pay bills, and make purchases. It has a vast network of agents across Nigeria. Using their phones, users may send and receive money, pay bills, and make purchases thanks to the Paga mobile payment platform. Paga has completely changed the accessibility of financial services in Nigeria, especially in underserved and rural regions, with its extensive adoption and agent network.


FairMoney is a digital lending platform that offers instant loans to individuals and SMEs. Using alternative credit scoring models and machine learning algorithms, FairMoney provides fair and transparent loan terms to borrowers, promoting financial inclusion and empowerment in Nigeria. Fairmoney focuses on providing instant loans to individuals. Its user-friendly app ensures quick access to funds.


Bankly is a groundbreaking platform that aims to bring banking services to the unbanked population. It does so by providing a digital solution to cash transactions, enabling users to access financial services conveniently through a network of agents. With Bankly, you can save money and access various financial services, such as loans, payments, and transfers. The platform’s agents are spread out across the country to ensure that anyone can access its services regardless of their location. Bankly empowers individuals who were previously excluded from the formal banking system by providing them with a secure, reliable, and efficient way to manage their finances.

TeamApt (Moniepoint)

TeamApt’s Moniepoint is a robust agent banking platform. It empowers agents to offer banking services in underserved areas. With its flagship product, “Remita,” TeamApt facilitates seamless payments, collections, and reconciliation processes for businesses and government agencies in Nigeria.


Risevest is an investment platform that offers access to global markets and diversified investment opportunities. Through its intuitive app and personalized investment portfolios, Risevest empowers Nigerians to build wealth and achieve their financial goals with ease. Risevest provides investment opportunities in global markets. Users can start investing in small amounts and diversify their portfolios.


TradeDepot is a B2B e-commerce platform that connects manufacturers with retailers and distributors across Nigeria. With its innovative technology and logistics solutions, TradeDepot streamlines the supply chain process, enabling businesses to access products efficiently and cost-effectively.


Cowrywise is an investment platform that offers automated savings, investment, and wealth management solutions to individuals. With its user-friendly interface and low minimum investment requirements, Cowrywise makes investing accessible and affordable for Nigerians of all income levels.


VoguePay is an online payment gateway that enables businesses to accept payments from customers worldwide. With its secure and reliable platform, VoguePay has facilitated millions of transactions, empowering businesses to grow and expand their reach in Nigeria and beyond.

Wallets Africa

Wallets Africa is a digital wallet platform that allows users to send money, pay bills, and make purchases using their smartphones. With its focus on convenience and security, Wallets Africa is reshaping the way Nigerians manage their finances in the digital age.


TradeFi is a fintech startup that offers trade finance solutions to SMEs and exporters. By digitizing trade finance processes and providing access to working capital, TradeFi enables businesses to seize growth opportunities and expand their operations both domestically and internationally.


ThriveAgric is an agritech and fintech platform that connects farmers with investors to fund agricultural projects. Through its crowdfunding model and technology-driven approach, ThriveAgric empowers farmers to increase productivity and achieve sustainable livelihoods in Nigeria’s agricultural sector.


Nigeria’s fintech ecosystem is thriving with innovation, entrepreneurship, and technological advancement, as evidenced by the remarkable achievements of the top 20 fintech companies highlighted in this guide. From payment processing and digital lending to investment platforms and agritech solutions, these companies are revolutionizing the way financial services are accessed, delivered, and utilized in Nigeria. As they continue to drive financial inclusion, promote economic growth, and empower individuals and businesses across the country, Nigeria’s fintech sector is poised for even greater success and impact in the years to come.