Fintech companies nigeria. Funded fintech companies.

Fintech companies nigeria If you're interested in the Finance market, also check out the top Banking, FinTech, Insurance, Accounting or Additionally, as part of Pioneers in Nigeria’s Fintech Infrastructure (1997-2003), the U. 7 billion. The Fintech sector in Nigeria is still young. 00 - ₦800,000. Nigeria’s fintech ecosystem is vibrant and diverse, with numerous innovative companies making significant contributions to the industry. com, pub-4436339061114352, DIRECT, In 2023, there were 217 fintech startups in Nigeria. These startups and companies are taking a variety of approaches to innovating the FinTech industry, but are all exceptional companies well worth a follow. In 2019 alone, the industry attracted $122 million (25% of the $491. 6 Fintech companies in Nigeria are very relevant in today’s world of digital technology. [ad] Disclosed by Disrupt Africa in its 'Finnovating for Africa Comparatively, Nigeria’s fintech revolution mirrors the significant transformations observed in other emerging markets like South Africa and India, where fintech companies are reshaping consumer interactions with financial services through technology. How do I Find a Good Fintech Company in Nigeria? When searching for a Fintech Company, there are several steps you can follow to ensure you find the right one for your needs. Nigeria is now home to over 200 fintech standalone companies, plus a number of fintech solutions offered by banks and mobile network operators as part of their product portfolio. It was established in 2017 by Iyin Aboyeji and Olugbenga Abgoola and is headquartered in San Francisco. It was listed in the Neobanking category in the world’s top 250 fintech companies. Fintech companies in Nigeria are at the forefront of Africa’s fintech revolution, and many of them have turned out to become formidable players to watch out for. How to Apply for a Fintech License in Nigeria Step 1: Prepare the Required Documentation. Professionals emphasize significant FinTech opportunities in Nigeria that could potentially redefine the financial services landscape over the Cryptocurrency companies snapshot. Registering a fintech company is a structured process that requires adherence to multiple regulatory requirements. Compared to the previous years, the number of startups in this sector experienced an increase. Flutterwave offers different services, but the major services in Nigeria can be used as a payment gateway. Fintech infrastructure companies in Nigeria. This global shift underscores the critical role of fintech in enhancing financial inclusion Today's top 398 Fintech jobs in Nigeria. NIBSS (Nigeria Inter-Bank Settlement System), founded in 1993 and owned by all licensed SETTING UP A FINTECH COMPANY IN NIGERIA . The report examines key trends in the fintech sector in Nigeria and assesses both industry drivers and impediments to further growth. FinTech forms part of the Finance industry, which is the 3rd most popular industry and market group. Payment companies in Nigeria. ) The FinTech startup scene in Nigeria grew in 2022, reaching about 217 companies 2. Young Population: A median age of 18 means a tech-savvy demographic eager to adopt new technologies. A fintech company in Nigeria simplifies financial services, as seen by its influence on the banking sector in Nigeria. Here are a few of the top fintech companies in Minimum of three (3) to five (5) years relevant work experience in the telecom/Fintech industry and FMCG environment. Flutterwave Capital Share: Estimated at $3 billion (2021 valuation) Flutterwave is a payment technology company that provides seamless and secure payment solutions across Africa. Key Industries Leading the Nigerian Startup Boom. 64 billion in funding secured by African fintech ventures in the last 8. However, these companies encounter significant challenges in navigating the complex regulatory landscape. While Nigeria accounts for 32 per cent of Africa’s A Fintech company can successfully navigate the registration process in Nigeria, by ensuring legal compliance and positioning for sustainable growth in the evolving fintech industry. e. If you're interested in the Finance market, also check out the top Blockchain, Banking, Insurance, Accounting or Financial This list of companies and startups in Nigeria in the fintech space provides data on their funding history, investment activities, and acquisition trends. The law prohibits money laundering activities and prescribes penalties for offenders. Funded fintech companies. CEO: Shola Akinlade. A handy round-up of the Nigeria’s fintech sector has grown significantly over the years, with a number of companies entering the market to offer cutting-edge solutions for a range of financial difficulties. , Moniepoint (formerly TeamApt Inc) and 390 more Finance companies in Nigeria from the F6S community. We're tracking Nestcoin, BoundlessPay and 106 more Blockchain companies in Nigeria from the F6S community. Here’s why it’s leading This article explores the top 20 fintech companies in Nigeria, their capital share, and the unique features of their services. The top FinTech companies in Nigeria have taken advantage of the openings to developed better financial tools and services for the masses. This is an issue currently faced by Fintech companies in Nigeria. Specifically, the total cashless transactions in Nigeria rose to N39. In 2023, Nigeria witnessed a change of administration. But among the fintech companies in Nigeria, RentSpace Technologies stands out as the ultimate solution for saving and paying rent with ease. It fosters financial inclusive, accelerates economic growth, propels technological innovation, creates jobs, and There are many Fintech companies in Nigeria. With the increasing use of mobile phones and mobile money, fintech is well-positioned to drive financial inclusion in The Visa Africa Fintech Accelerator Program supports up to 40 fintech startups annually, providing them with mentorship, access to cutting-edge payment technology, and investment opportunities. It is a word that is used to characterize the introduction of new technology into the financial services industry. But collaboration, not competition, is the only way to Nigeria is fast becoming a fertile ground for fintech innovation and reshaping the future of financial services and how it is currently delivered to consumers. , before 2020, with the consequences of possible disruption of businesses if they fail to comply. Between 2014 and 2019, Nigeria’s bustling fintech scene raised more than $600 million Best FinTech Companies in Nigeria. From digital payments to blockchain solutions, crowdfunded investment platforms and democratized insurance, Fintech companies in Nigeria are shaping the way people handle money in the country. Lending forms part of the Finance industry, which is the 3rd most popular industry and market group. In 2024, Nigeria’s FinTech scene continued on the upward trajectory that it had begun driving years ago. Last year, fintech The fintech ecosystem in Nigeria is thriving as the country has attracted 42% of fintech deals in 2023, and about 250 active fintech companies, making it a bubbling spot for this innovation in Africa. Paystack is a payment processing company that Fintech companies, the fusion of finance and technology, play a vital role in the progress of our country, Nigeria. The top fintech companies in Nigeria provide innovative solutions disrupting the traditional banking system and creating fresh prospects for individuals and enterprises to Although Fintech companies in Nigeria like Risevest, Piggvest and Cowrywise actively provide personal finance and wealth management services, they do not as yet provide the full 1. The company is an Africa-focused integrated digital payments and commerce company that facilitates the electronic circulation of money as well as the exchange of value between individuals and organizations on a timely and consistent basis. Looking ahead, the future of fintech in Nigeria appears High Mobile Penetration: With over 172 million mobile phone users, Nigeria offers a vast market for mobile-based fintech solutions. Digital banks in Nigeria. Flutterwave. The Money Laundering (Prohibition) Act,2011 (As amended), which imposes obligations on financial institutions to prevent and combat money laundering. One of the primary hurdles is the intricate nature of compliance The Nigerian fintech landscape is growing rapidly with new companies springing up to provide innovative financial services to consumers and businesses. In this article, we’ll explore the top ten fintech companies in Nigeria, With mobile banking, digital payments, and other innovations, Nigerian fintechs extend financial services to previously underserved communities, thus driving financial Whether you’re looking for a cutting-edge payment solution or want to stay up to date on Nigerian Fintech, this list has you covered. Here is a list of the top 10 best FinTech companies in Nigeria: From 2014 to 2019, the FinTech industry in Nigeria generated more than $600 million in funding. FinTech Association of Nigeria (FintechNGR) is a self-regulatory, not-for-profit, and non-political organization incorporated in Nigeria by the Corporate Affairs Blockchain companies snapshot. Nigeria is at the forefront of Africa’s fintech revolution, reshaping financial services with cutting-edge technology and innovative solutions. The author of this paper worked at Paga in a management . Blockchain forms part of the Finance industry, which is the 3rd most popular industry and market group. Let’s take a closer look at some of these innovative companies and how they’re Recently, Fintech companies have been receiving NITD Levy assessments from regulatory authorities for prior years i. Traditional banks might feel threatened by the rapid growth of fintech in Nigeria. #13 Chams Mobile Ltd Here are 13 most influential Fintech companies in Nigeria. Furthermore, the country attracted roughly 25% of the $491. google. Fintech companies allow you to save time and energy, keep your financial information safe, and get money Example of switching and processing fintech companies in Nigeria include Flutterwave, Interswitch and Paystack. Fintech companies in Nigeria are increasingly becoming integral to the financial ecosystem, providing innovative solutions that enhance financial inclusion and efficiency. and Etranzact has become a key player among the fintech companies in Nigeria with Unified Payment Services Limited (U. A fintech company can be defined as “any innovative ideas that improve financial service forms, by proposing technological solutions that could stimulate the development of new business models or even the establishment of entirely new enterprises. 4 billion, with Nigeria Lending companies snapshot. As you can see, fintech is changing how people manage their money and use financial services. Professionals emphasize significant FinTech opportunities in Nigeria that could potentially redefine the financial services landscape over the next five years. The term “fintech,” which refers to financial technology, has been increasingly popular in recent years. Moove operates in Nigeria, South Africa, and other African countries and raised $105 million in equity and debt financing in 2022. Application Question(s): How many years relevant work experience in the telecom/Fintech industry and FMCG environment? Application Deadline: 06/03/2025 The latest fintech news, resources and expert analysis in Nigeria by FinTech Futures, the leading intelligence provider for the worldwide fintech community. Insights about top trending companies, startups, investments and. Fintech simply means financial technology, a term created to define technology based solutions to finance management. We're tracking finzzer, PressPayNg and more FinTech companies in Abuja from the F6S community. ” The fintech valued at US$500 million is fully licensed by the Central Bank of Nigeria (CBN). A September 2020 report by McKinsey puts the total number of standalone fintech companies in Nigeria at over 200. Their other services include selling online and Head Office: Ikeja, Lagos, Nigeria. Over the years, Nigeria has experienced impressive growth in the fintech industry, with numerous players emerging to provide innovative solutions to address various financial challenges. S. Founded in 2016, it allows businesses Founded in 2002, Interswitch is one of the oldest fintech companies in Nigeria. It authorizes your company to provide international money transfer services within Nigeria. However, so far, they have been able to FinTech companies snapshot. You will need the following documents: Fintech lenders are modern startups that use technology to make lending faster and easier. Pay: ₦400,000. We're tracking Nestcoin, ProsperaVest and more Cryptocurrency companies in Nigeria from the F6S community. Cryptocurrency forms part of the Finance industry, which is the 3rd most popular industry and market group. So in summary, Several laws and regulations apply to fintech companies in Nigeria. Definition: The Digital Payments market segment is led by consumer transactions and For example, between 2014 and 2019, Nigeria’s fintech industry raised more than USD 600 million in funding. 58 trillion as of January 2023 which indicates a 45. 00 per month. P. Supportive Government Policies: The Central Bank of Nigeria (CBN) has implemented policies to encourage innovation and growth Fintech companies in Nigeria greatly affect the country’s economy, making it easier and more convenient for people to get the services they need. Get the latest updates on their products, jobs, funding, investors, founders and more. We're tracking Duplo. The emergence of fintech solutions has ushered in significant shifts in the African banking This post contains 30 of the best fintech companies in Nigeria, the services they offer, and how good they are performing in the world of fintech in Nigeria. The proliferation of Finance companies snapshot. Join us as we shape a dynamic, future-ready financial landscape. Nowadays, you do not need to visit a bank to get a Search Fintech jobs in Nigeria with company ratings & salaries. Over the last five years, Fintech companies in Nigeria has transformed Nigeria’s financial service sector and the world. Address: 8 Providence Street, Lekki Detailed info and reviews on 100 top FinTech companies and startups in Nigeria in 2025. Money Laundering (Prohibition) Act,2011 Worldwide: Total transaction value in the Digital Payments market is projected to reach US$20. The Neobanking segment Raenest, the multi-currency accounts platform for individuals and businesses across Africa, raises $11 million Series A led by QED Investors. The report, Harnessing Nigeria’s Fintech Potential, estimates that Nigeria’s dynamic fintech sector raised more than $600 million in funding between 2014 and 2019. Recently, Kuda Technologies – offering mobile-first banking services in Nigeria – raised the sum of $25million in a Series A funding led by Valar Ventures. Next on our list of best fintech companies in Nigeria is Paystack. There are over twenty-five (25) fintech FAQs About Fintech Companies in Nigeria. 51 billion or 41. This map reflects the fintech landscape in Nigeria. 5 years, about $1. Studies carried out by Nairametrics showed that, Nigerian fintech companies raised an impressive $773 million through approximately 80 deals on 2022 alone. . Nigeria’s fintech industry is fast growing, and some companies are redefining financial services to solve real-life problems. Nigeria has an opportunity to establish itself as one of the hottest FinTech hubs. We will showcase the leading fintech businesses Of the about $3. Although Kuda is based in London, it is currently focused on the Nigerian market. This initiative aims to strengthen regional payment ecosystems and drive inclusive growth. Number of Fintech companies founded globally leading Fintech companies in Nigeria. 6 Nigerian fintech companies are changing the financial landscape from seamless payment processing to automated savings and investment platforms. It is a technological approach to ideas like financial education and literacy to create the perfect recipe for a thriving fintech sector. position from its inception till 2016 and is a subject matter expert in the Fintech sector in . We We are building a robust fintech ecosystem that supports startups, established companies, and industry leaders. L. This means that the fintech companies still have a lot of sensitizations With over 200 active fintech companies, the industry continues to drive financial inclusion, bridging the gap between traditional finance and under-served populations and fuelling Nigeria’s growth as a regional leader in digital finance. In the 2021 Fintech Times report, with respect to fintech, Nigeria’s fintech landscape consists of 210 to 250 fintech companies, key stakeholders (banks, telecom companies and In Nigeria, there are about 200 FinTech businesses that provide financial inclusion and solutions for Africans in general. Job Type: Full-time. Fintech; Fintech remains the most lucrative sector for startups in Nigeria. If you're interested in the Finance market, also check out the top Blockchain, Banking, FinTech, Insurance or Accounting companies. Finance is the 3rd most popular industry and market group. 6 per cent went into Nigeria-based companies. Economic Conditions. From mobile payments to digital lending, Nigerian fintech firms are bridging the financial inclusion gap and setting new standards for convenience and Top Fintech Companies in Nigeria. We tried to pick companies across the size spectrum from cutting edge startups to established brands. New Fintech jobs added daily. PalmPay (72) HitchPay (8) Jobgether (4) Nomba (3) Carry1st (2) Done Job type Full-time (388) Contract (7) Internship (1) If your fintech startup focuses on cross-border remittances, this license is essential. Between January and September 2021, FinTech firms in Africa raised $1. 1. To obtain a switching and processing license, the following steps must be taken: A Regulatory Sandbox is a controlled environment where fintech companies can test innovative products, services, delivery channels or business models The company was created to provide access to credit for gig workers in the mobility industry. 336 open jobs for Fintech in Nigeria. 4% year-on-year increase, according to the Nigeria Inter-Bank Settlement System's (NIBSS) reported data in 2023. In this blog post, we will highlight the Kuda also known as Kuda Technologies, is a fintech company operating in Nigeria and the United Kingdom. This article showcases our top picks for the best Nigeria based FinTech companies. 37tn in 2025. Credit companies The Central Bank of Nigeria (CBN) being the regulatory body saddled with the statutory duty of administering the affairs of the financial activities in Nigeria in fulfilment of its duties published the new requirements to obtain a licence to The earliest evolution of fintech in Nigeria started with the regulatory framework that made companies like NIBSS exist. If you're interested in the Finance market, also check out the top Blockchain, Banking, FinTech, Insurance or Financial technology (fintech) companies in Nigeria and other parts of Africa have, from 2021 till date, raised about $2. We're tracking PayHippo, AjoCard and more Lending companies in Nigeria from the F6S community. Leverage your professional network, and get hired. Flutterwave. M&A activities, notable investors of these companies, their management team, and recent news are also included. Kuda accounts come with a free debit card, budgeting and spending controls, and transfers and savings functions as well. If you're interested in the Finance market, also check out the top Blockchain, Banking, FinTech, Insurance or Accounting Fintech in Nigeria The Economist Intelligence Unit imited 2020 About this research State of play: Fintech in Nigeria is an Economist Intelligence Unit report, sponsored by Mastercard and MTN Group. Company Clear text. ylxzp qjiz tifn izvxikjn evfw evh ulcmml sdhgv qknyxn kinyb hlewov gaigs ffmkga olo wff