Top Nigerian Fintechs such as Interswitch, Moniepoint, OPay, PalmPay, Piggyvest have been named in the recently published list of CNBC’s World’s Top Fintech Companies 2025. The list – compiled by CNBC in conjunction with market research firm Statista – follows analysis of key performance indicators, such as revenue growth, transaction volume, employee headcount, and capital raised.
Research and Evaluation Approach
Between February and May 2025, Statista analysts conducted research via two primary methods:
- Desk Research: This involved collecting publicly available data on previously shortlisted companies through sources such as annual reports, company websites, and media monitoring.
- Online Application Form: From February 26 to April 25, 2025, an open call was made for companies to submit their own performance indicators using an application form hosted on CNBC’s website.
Fintech Segments
Companies were evaluated within one of the following seven fintech segments:
- Payments: Digital payment providers, POS technology, and mobile transaction platforms.
- Neobanking: Digital-only banks offering banking services without physical branches.
- Alternative Financing: Non-bank digital lending platforms for individuals and businesses.
- Digital Assets: Firms working in blockchain, crypto, and NFTs.
- Enterprise Fintech: B2B solutions like Banking-as-a-Service, digital identity, and compliance tools.
- Wealth Technology: Investment platforms, online trading, and personal finance software.
- Insurtech: Startups innovating in insurance through technology.
The number of companies selected from each segment varied depending on market size and maturity.
Country representation
Most of the Nigerian companies – Interswitch, Moniepoint, OPay, PalmPay – featured in the Payments Segments while Piggyvest featured in the Weath Technology Segment. Some of the other African companies named on the list include Yoco (South Africa), Paymob & MyFawry (Egypt).
The U.S. is home to the highest number of fintechs on the list with 126 companies and UK coming in second with 38 companies. Singapore takes over from India, coming in third, with 16 of the world’s top fintechs headquartered in the city state.
Conclusion
CNBC introduced its list of the world’s top fintech companies in 2023 to spotlight global leaders in technology-driven financial services. Covering a wide range of regions and categories—from banking solutions to digital assets and payments—the list reflects the fast-paced evolution of the fintech industry and provides investors, stakeholders, and readers with a broad perspective on the key innovators shaping the sector.
