These 9 African Companies Are Among The World’s Top 300 Fintechs In 2025

African fintech companies—including Moniepoint, M-KOPA, and Fawry—have secured spots in CNBC’s 2025 ranking of the world’s top 300 fintech firms. This milestone underscores Africa’s accelerating influence in reshaping global financial services through uniquely localised solutions. Unlike Silicon Valley’s product-first ethos, these companies prioritise accessibility, leveraging mobile technology to serve underserved millions.

Among the honorees, nine African players stand out: Moniepoint, M‑KOPA, Interswitch, Fawry, OPay, PalmPay, Paymob, Yoco and PiggyVest. Their inclusion reflects both rapid home‑market scale and growing pan‑African or global ambitions.

CNBC and Statista’s World’s Top Fintech Companies 2025 list, unveiled today, ranks 300 firms across seven market segments based on a blend of overarching KPIs and segment‑specific metrics, drawn from public data and an open application period.

Here’s how the African contingent stands out:

Moniepoint

Nigeria’s Moniepoint has cemented its status as a home‑grown unicorn. In October 2024 it closed a USD 110 M Series C round led by Google’s Africa Investment Fund, lifting its valuation above USD 1 B and affirming investor confidence.

The company, which provides an all-in-one banking, credit, and cross-border payment solution for African businesses and individuals, processed over 1 billion transactions monthly in Q1 2025, handling more than USD 22 B in volume for 10 million customers. Its 2023 revenue reached USD 264.5 M, and in May, the Financial Times ranked Moniepoint among Africa’s fastest‑growing companies for the third consecutive year.

M‑KOPA

Pan‑African asset‑financing pioneer M‑KOPA has disbursed over USD 2 B in digital credit to more than 7 million customers across Kenya, Uganda, Nigeria and Ghana.

After achieving a 42% CAGR from 2020–23, it surged 65% year‑on‑year in 2024 and is on track to surpass USD 500 M in annual revenue in 2025. Its pay‑as‑you‑go model, first applied to solar kits and now extended to smartphones, fridges and loans, exemplifies a profitable growth path serving “unbanked” mass markets.

Interswitch

Founded in 2002, Lagos‑headquartered Interswitch underpins much of Nigeria’s digital payments infrastructure. For the fiscal year to March 2024, it reported NGN 91.65 B (USD 192 M) in revenue, up 38% from the prior year, despite a NGN 11.45 B chargeback loss and currency headwinds.

Visa’s USD 200 million minority stake in 2019 valued the group at USD 1 B, cementing its unicorn status. With over 11,000 ATMs on its network, and subsidiaries Quickteller and Verve expanding across East Africa, Interswitch remains a linchpin of regional financial inclusion.

Fawry

Egypt’s Fawry reported stellar Q1 2025 results: revenues rose 65.1% year‑on‑year to EGP 1.794 B (USD 53.3 M), while net profit nearly doubled to EGP 605 M (33.7% margin).

Its myFawry app processed 240 million wallet transactions worth USD 9.6 B in 2024, and its retail network of 382,600 POS terminals serves 52.9 million customers. Fawry’s market cap stood at USD 559 M as of February 2025.

OPay

Nigeria‑based OPay has quietly edged its valuation to USD 2.75 B, per 2024 filings from minority investor Opera Limited, up from USD 2 B in 2021.

Its 50 million‑strong user base in Nigeria, Kenya and Ghana transacts across payments, lending and insurance verticals. Despite global funding headwinds and regulatory directives that upended some of its verticals early on, OPay’s operational breadth and early backers (SoftBank, Sequoia) speak to its resilience.

PalmPay

Lagos‑based PalmPay topped a recent ranking of Africa’s fastest‑growing fintechs, placing second overall among 130 firms with a 583.6% CAGR from 2020–23.

Its 35 million registered users execute up to 15 million transactions daily, and 2023 revenue hit USD 63.9 M. With a smartphone‑first distribution via Transsion and plans to enter six new markets by year‑end, PalmPay is building a true pan‑African footprint.

Paymob

Cairo‑based Paymob supports 390,000 merchants across Egypt, the UAE, Saudi Arabia, Pakistan and Oman, processing payments for 18 million end users through over 50 methods (gateway, POS, soft POS).

In September 2024 it raised a USD 22 M Series B extension, taking total funding to USD 90 M. Paymob’s merchant‑centric API platform has emerged as a backbone for MENA’s e‑commerce boom.

Yoco

South Africa’s Yoco, a Series C card‑terminal and payments provider, counts over 200,000 small‑business merchants and has processed more than ZAR 60 B in transactions over its decade of operations.

With USD 107 M in total funding, 350 employees and integration into Mastercard’s gateway, Yoco is seeking to expand beyond its Cape Town stronghold into the wider continent.

PiggyVest

Nigeria’s leading savings and investment platform marked H1 2025 by paying back NGN 2.6 T to users, an average of NGN 47 K saved every second, as nearly seven million Nigerians moved toward financial freedom on the app. Having previously been named among the world’s top 250 fintechs by CNBC in July 2024 and again this year, it plans to roll out budgeting tools in 2025 to help salaries stretch to month‑end.

CNBC’s recognition coincides with a World Economic Forum forecast that emerging markets will drive global fintech revenues to USD 1.5 T by 2030. Yet challenges persist; regulatory fragmentation, currency volatility, and talent gaps could slow growth.

Nevertheless, these nine African fintechs demonstrate the continent’s continued push toward digital inclusion, asset‑light innovation and financial empowerment. Their progress on the global stage spotlights Africa’s evolution from cash‑dominated markets to digitally enabled economies.