Top 30 Fintech Companies in Nigeria (2024)

  • December 13, 2023

The financial technology (Fintech) sector in Nigeria is growing at a rapid pace, and it’s no surprise given the country’s huge population and increasing demand for financial services. From online payment platforms to digital banking, loan services and investment services, fintech companies in Nigeria are changing the way people access and manage their finances.

In this blog post, we’ll be exploring the best fintech companies in Nigeria and what makes them stand out in this competitive industry. Whether you’re an investor, entrepreneur or just interested in the future of finance, this list is a must-read. So, sit back, relax, and let’s dive into the world of fintech in Nigeria!

Here are the top 30 fintech companies in Nigeria in 2023:

1. FlutterWave

Being the first on the list means that if not the best, Flutterwave is certainly one of the best Nigeria fintech companies. The company was founded in 2016, and since then it has been offering several financial services to people not only in Nigeria but around the world.

You can use this platform to send and receive payments from anywhere in the world.

2. Paystack

Paystack is a popular fintech company in Nigeria that operates mainly as a payment gateway. Entrepreneurs can use Paystack to receive payment for the services they offer both online and offline.

See Also: Top 10 Crowdfunding Platforms to Raise Money for Your Business in Nigeria

3. Paga

fintech companies in Nigeria

Paga has since launch made it super easy for Nigerians to send and receive money anywhere anytime, making it a very reliable platform when it comes to fintech in Nigeria.

This company offers its services to over 10 million Nigerians and has been honoured with many awards for that. You can easily download the app and explore the wide array of amazing financial services it offers.

4. Interswitch

When it comes to the top fintech companies in Nigeria, Interswitch shouldn’t be left out, as it is one of the big names in the industry.

Founded in 2002, Interswitch is a reliable electronic payments processing and transaction switching company in Nigeria. While it operates majorly in Nigeria, the company also extends its service to other African countries.

Interswitch also owns some other companies including Retailpay, verve debit card, Smartgov and lots of automated teller machines (ATMs) across the country. It also acquired a 60% stake in eClat, a health technology company.

Related: Top 20 Loan Apps without Collateral in Nigeria

5. Remita

Remita is another award-winning fintech company in Nigeria. This platform is usually used by organisations (schools, NGOs, government agencies, multinational companies, SMEs and individuals) to process and receive payments.

6. Opay

Opay is one of the most popular finance apps in Nigeria. This app offers lots of different financial services including online banking such as money transfers, savings, airtime purchases and many more.

The company also offers cashback rewards for some transactions, and you can also get good returns on your savings. Opay was founded in 2018 and has achieved a lot in the fintech industry since then.

7. Kuda

Kuda is a digital-only bank in Nigeria that offers online banking services through its mobile app and website. It allows users to perform transactions, transfer funds, pay bills, and access other financial services without having to visit a physical bank branch.

Kuda Bank is a licensed microfinance bank in Nigeria, which means it is authorized by the central bank of Nigeria to provide financial services to individuals and businesses. The bank is known for its fast, easy, and convenient banking services, and its focus on using technology to deliver a better banking experience to its customers.

Check Out: Top 15 Investment Companies with Weekly Returns in Nigeria

8. Risevest

Risevest is a Nigerian fintech company that provides a platform for investment in real estate, stock, and other assets. The company’s goal is to make investing in assets more accessible and convenient for Nigerians.

Risevest offers a range of services, including wealth management, financial planning, and investment advice. The platform is designed to be user-friendly and accessible, allowing users to manage their investments, track their portfolio performance, and receive regular updates on their investments.

As a fintech company, Risevest leverages technology to make investment easier and more accessible. By using mobile and online tools, the company aims to reach a wider range of people and provide them with more convenient and affordable investment options.

9. Carbon

fintech in Nigeria

Formerly Paylater, Carbon is a fintech app in Nigeria popularly known for its collateral-free loan service. From easy online banking to loan and savings services with good returns, Carbon serves numerous fintech purposes.

Both in terms of service and support, the Carbon team is of pros that continue to make they offer one of the best services in the industry of fintech in Nigeria.

Related: Top 15 Investment Banks in Nigeria to Check Out

10. Moniepoint

Moniepoint is a financial technology company founded with the aim to make financial transactions and access to credit easier for Nigerians. Although Moniepoint is well known for its distribution of POS machines, it also offers a range of services, including mobile and online money transfers, bill payments, and loan disbursements.

The company also has a mobile app that enables users to track their spending and manage their finances more effectively.

11. Trove

By providing a convenient and accessible way for people to grow their wealth, Trove is helping to drive financial inclusion in Nigeria and contribute to the development of the country’s economy. The company makes make it easy for people to grow their wealth and reach their financial goals.

Trove’s platform offers a range of investment options, including fixed-income products and equity investments. The platform uses technology and innovation to make investment accessible and convenient for its users.

Just like every other fintech platform in Nigeria, Trove too has a mobile app that allows users to explore all of its services such as managing their investments, tracking their portfolio, and making transactions on the go.

12. ChipperCash

ChipperCash is one of the fastest-growing companies in the fintech industry in Nigeria. Its works across many African countries and also in the United Kingdom (UK).

Its service enables users to send and receive money across many African countries including South Africa, Kenya, Ghana, Tanzania, Rwanda and Uganda. You can also use it to receive money from the UK.

ChipperCash also provides other financial services such as airtime purchases, investment services, and issuance of virtual cards both dollar and Naira.

Related: List of Ussd Codes for Loans in Nigeria

13. Accelerex

Accelerex helps simplify payment processes and provide its customers with a seamless payment experience. The company offers a range of payment solutions, including point of sale (POS) terminals, online payment gateway, and mobile payments.

Accelerex’s technology is designed to help businesses increase efficiency and reduce costs associated with payment processing. Additionally, the company also provides financial services such as cash management and working capital financing to help businesses grow and succeed.

14. Piggyvest

fintech companies in Nigeria

Without a doubt, Piggyvest is one of the best savings and investment platforms in the industry of fintech in Nigeria. This company is mainly focused on helping users automate savings towards a specified target.

Piggyvest also offers an investment marketplace that makes investing simple so anyone can do it. You can buy companies’ shares on this marketplace and also invest in projects with high returns such as agriculture, health care, and lots more.

See Also: Top 21 Investment platforms that Pay Daily in Nigeria

15. eTranzact

being the first award-winning multi-application and multi-channel electronic transaction switching and payment processing platform in Nigeria, eTranzact has been making waves in the fintech industry across since 2003.

The company has relationships and partners with over 50 commercial banks and microfinance institutions around Africa. It is also integrated with some of the biggest international payment companies in the world such as Paypal, Western Union, Money gram and Transferwise.

16. Palmpay

Just like Opay, Plampay is a leading fintech company in Nigeria that utilizes its platform to deliver numerous online banking services such as savings, money transfers, and even loan disbursements.

With over 5 million downloads on Play Store, the Palmpay app is popular, especially among Nigerian students. This is because it also offers tons of reward programs including refer and earn, cashback, and promos.

The company also offers payment solutions, including point of sale (POS) terminals, and mobile money.

17. Bamboo

Bamboo is one of the fastest growing fintech companies in Nigeria that provide investment services to customers. The company offers a range of services, including savings accounts, and investment portfolios that let users invest in both local and international stocks through a user-friendly mobile app.

The company is rapidly growing in Nigeria as many Nigerians now invest and save money online to get good returns.

See Also: Top 10 Real Estate Investors in Nigeria

18. Branch

Branch is another fintech platform in Nigeria that is mainly known for providing low interest loans without collateral. Branch’s platform also serves digital banking services such as funds transfer, savings and investments, and even bill payments.

19. Bankly

Bankly is a reliable company in Nigeria in the fintech space that provides the digital infrastructure to store & move cash for Africa’s financially underserved population. The company makes banking more accessible and convenient for people in Nigeria and beyond by providing a range of financial services through a mobile app.

This includes basic banking services such as financing, deposits, savings, and bill payments as well as a POS service.

20. Lidya

Lidya is a fintech company founded in Nigeria in 2016 by Co-Founder & CEO Tunde Kehinde and is
headquartered in the US. The company provides financial services to small and medium-sized businesses in emerging markets, including Nigeria and Ghana.

The company’s goal is to help businesses access the capital they need to grow and succeed. Lidya offers a range of services, including loans, business lines of credit, and invoice financing, all through a user-friendly online platform.

By leveraging technology and data analysis, Lidya is able to provide fast, affordable, and accessible financing to businesses that may have been previously unable to access traditional banking services. Through its innovative financial solutions, Lidya is helping to drive economic growth and promote financial inclusion in emerging markets.

Related: How to Invest in Real Estate in Nigeria and Make Millions

21. Fairmoney

FairMoney is a fintech company based in Nigeria that provides digital financial services to consumers. The company is focused on making financial services more accessible and convenient for people in Nigeria.

FairMoney offers a range of services, including personal loans, bill payments, and money transfers, all through a user-friendly mobile app. Leveraging technology, FairMoney provides a faster, more convenient, and more affordable banking experience compared to traditional banks, thereby helping to promote financial inclusion in Nigeria.

22. V Bank

One of the best fintech companies in Nigeria that offer top-notch digital banking services to customers is V Bank. The company provides an easy way to bank and manage finances through its mobile app.

Despite being a microfinance bank, it doesn’t require documentation for account creation. One can use V bank’s platform to carry out basic banking services such as savings accounts, bill payments, money transfers, and so on.

23. Credpal

With its headquarters in Lagos, Credpal is founded in 2018 Fehintolu Olaogun and Olorunfemi Jegede. It is one of the few fintech companies in Nigeria that offers a “Buy Now and Pay Later” service.

The company is mainly focused on providing convenient access to credit for people in Nigeria. This includes the issuance of credit cards with very low interest rates and high limits for 30 days. It also allows customers to save and get high returns.

24. Voguepay

Voguepay is another company in the fintech industry in Nigeria that is focused on payment processing. The company empowers businesses in Nigeria to operate seamlessly by providing an easy platform to collect payments from local customers both for one-off and variable amounts.

25. P2Vest

Fintech companies in Nigeria

P2Vest is another financial technology platform that provides financial services to the underserved in Nigeria. The company provides peer-to-peer (P2P) lending services to individuals and small businesses.

P2Vest operates an online platform that connects borrowers with investors who are willing to lend money at an agreed interest rate. In essence, the company provides a quick and efficient way for borrowers to access credit and for investors to earn a return on their investment.

26. Wallet Africa

Wallet Africa is one of the few Nigerian fintech companies that offer physical VISA cards which can be used to make payments globally. The company also operates a mobile platform that offers a range of services including digital payments, airtime recharge, bill payments, and savings.

Wallet Africa has gained a reputation in Nigeria for its focus on promoting financial inclusion and helping to drive economic growth in the country through the provision of innovative financial solutions.

27. Fint

Just like P2Vest, Fint is a new fintech company in Nigeria that provides easy access to credit for the underserved in Nigeria through a reliable P2P lending service. Fint’s platform is created to connect borrowers with lenders, where the borrower enjoys low interest loans, and the lender gets good returns on their investment.

28. NowNow

NowNow is a Nigerian fintech platform that offers financial services to its customers. It allows users to access quick loans, make bill payments, buy airtime and data, and transfer funds to friends and family. The platform is designed to provide financial services to individuals who may not have access to traditional banking services in Nigeria.

Read Also: How to Make Money Online in Nigeria Right Now

29. TribaPay

TribaPay is another Nigerian financial technology that is popular for the issuance of virtual dollar cards which can be used to make any dollar payments online. The company also offers other digital banking services that users can enjoy just like many other apps in the Nigeria fintech industry.

30. Eversend

The last on this list of the best fintech companies in Nigeria is Eversend. This company offers mainly digital payment service that provides users with a multi-currency e-wallet that allows them to exchange, spend and send money at the best possible rates within the country and across borders.

Eversend also provides access to several other financial services including stock trading, issuance of virtual dollar cards, currency exchange and lots more. Since its launch in 2017, the company has made an incredible impact in the space of fintech in Nigeria.


The fintech industry in Nigeria is thriving and providing innovative financial solutions to individuals and businesses alike. The companies mentioned in this post have proven to be leaders in the industry, offering a wide range of services and cutting-edge technology.

Whether you’re looking for an investment opportunity or a reliable fintech partner, some of the fintech companies in Nigeria listed above are definitely worth considering. As the demand for financial services continues to grow, the fintech industry in Nigeria is poised for continued growth and success.

Stay tuned for more updates and insights into the world of fintech in Nigeria!