Ten African fintech companies, including Moniepoint, PiggyVest, M-KOPA, Interswitch, and OPay, have been named among the world’s top 300 fintechs in 2025 by CNBC and Statista.
The list shows the global leaders across seven categories such as payments, wealth tech, and alternative financing. This is a major win for African innovation amid cautious global investment trends.
Nigeria led Africa’s presence on the list with five companies, followed by Kenya, Egypt, and South Africa.
Moniepoint (Nigeria)
Moniepoint, formerly TeamApt, reached a $1 billion valuation after raising $110 million from Google, VISA, and others.
It offers a full-stack financial solution including POS devices, banking, credit, and cross-border payments.
Moniepoint processes over 1 billion transactions per month, totaling more than $22 billion.
It also appeared in the 2024 Financial Times ranking of Africa’s fastest-growing companies.
PiggyVest (Nigeria)
PiggyVest is the only African fintech in CNBC’s wealth technology category and was featured for the second consecutive year.
Since launching in 2016, it has served over 7 million Nigerians and paid out ₦2 trillion.
CEO Somto Ifezue said: “Being included on this list… is a validation of the moves we have made to serve our users better.”
M-KOPA (Kenya)
M-KOPA provides smartphones, e-bikes, and financial services using a pay-as-you-go model.
It operates in five African countries and has served over 7 million customers.
In 2024, it opened Kenya’s first smartphone assembly plant and expanded into microloans and insurance.
Interswitch (Nigeria)
Interswitch has led digital payments in Africa since 2002.
It developed Verve, Africa’s first EMV-certified card scheme, and has issued over 85 million cards.
The company raised $110 million in 2022 to expand its reach and infrastructure.
OPay (Nigeria)
Founded in 2018, OPay operates a super-app offering payments, transfers, loans, and merchant services.
With over 60 million users, it reached a valuation close to $3 billion in 2024.
It was recognized in the payments category alongside global giants like PayPal.
PalmPay (Nigeria)
Launched in 2019, PalmPay serves over 35 million users and processed 15 million transactions daily in Q1 2025.
The company is expanding into Uganda, Tanzania, Côte d’Ivoire, and South Africa.
PalmPay also made the 2024 Financial Times ranking of Africa’s fastest-growing firms.
Paymob (Egypt)
Paymob enables over 350,000 merchants in MENA to accept payments via cards, QR codes, and digital wallets.
In 2024, it raised $22 million in Series B funding to build fintech infrastructure beyond Egypt.
MyFawry (Egypt)
MyFawry, the consumer arm of Fawry, supports bill payments, BNPL, and other services.
In 2024, it recorded $121.6 million in revenue and $35.5 million in net profit.
Nearly half of its growth came from expanding into banking services.
Yoco (South Africa)
Yoco helps 200,000 small businesses in South Africa accept card payments with affordable POS devices.
It has raised $107 million to date, including an $83 million Series C round in 2021.
Tala (Kenya)
Tala uses smartphone metadata to create credit scores and provide microloans.
It serves over 8 million users, disbursing nearly $100 million in loans per month.
The company has raised $360 million to date, including $145 million in Series E funding.
Statista evaluated over 2,000 companies globally, using performance metrics like revenue, user growth, and headcount.
CNBC notes the list is unranked, but it spotlights innovation in a challenging funding climate.
Africa’s fintech scene is no longer emerging—it’s competing.
And in 2025, it’s standing tall on the global stage.
