CNBC and Statista released their prestigious list of the top 300 fintech companies globally on Thursday.
This elite group includes Nigerian powerhouses Moniepoint, PiggyVest, M-KOPA, and Interswitch.
This recognition highlights these firms’ rapid growth and impact on financial technology worldwide.
Nigerian fintechs make global waves in payments and wealth tech
Among the five Nigerian firms featured, Moniepoint, Interswitch, and others were acknowledged under the Payments category, a segment representing platforms that fuel transactions between individuals and businesses.
Moniepoint’s Group CEO, Tosin Eniolorunda, celebrated their entry as a “testament to the hard work and success of the entire team and our growing role in shaping the future of fintech”.
Interswitch, a veteran in digital payments, continues reinforcing its foothold across Africa with services like Quickteller, supporting business transactions for over 190,000 active enterprises.
PiggyVest, recognised in the Wealth Tech sector, stands out for transforming digital savings and investment.
Launched initially as Piggybank.ng in 2016, the platform now boasts 5 million users and has surpassed NGN 2 trillion (about $1.25 billion) in total payouts.
Its innovative approach towards automated and targeted savings solutions earned it a place among CNBC’s top fintech firms for a second consecutive year.
M-KOPA’s innovative credit model gains global acclaim
M-KOPA, known for pioneering Alternative Financing solutions for emerging markets, marked a significant milestone by crossing $2 billion in credit disbursement to over 7 million customers in Africa.
Its flexible pay-as-you-go model, combined with embedded smartphone technology, helps financially excluded populations access essential services and financial products.
Jesse Moore, CEO and co-founder, called the recognition “a powerful validation of what we’ve built” and a “turning point” for financial inclusion in emerging markets.
With new additions like these Nigerian fintech champions, the 2025 list is dominated by the United States (126 companies), followed by the UK and Singapore.
This reveals the growing reach of fintech innovation in Africa but also highlights geographical disparities in the sector globally.
This important announcement cements the global stature of these firms and sets the stage for increased international attention on Africa’s fintech ecosystem.