Entry Holdings’ fintech subsidiary, Hydrogen, grew its revenue by 305.88% within the first half of 2025 to ₦966 million ($664,928) from ₦238 million ($163,823) in the identical interval final yr. The robust exhibiting got here on the again of a ₦41.1 trillion ($28.29 billion) transaction worth, a 197.83% improve from ₦13.8 trillion ($9.49 billion) in H1 2024.
Hydrogen’s working revenue rose 31.8% year-on-year to ₦4.19 billion ($2.88 million), whereas working bills elevated by 9.6% to ₦3.23 billion ($2.22 million), in line with Entry Holdings’ newest monetary statements.
The fintech stays the second most worthwhile bank-backed digital funds firm, trailing GTCO’s HabariPay (₦4.02 billion/$2.77 million) and forward of Stanbic IBTC’s Zest, which just lately posted its first-ever revenue of ₦543 million (373,764) in Q3 2025.
Financial institution-led fintechs are turning income whereas unbiased rivals equivalent to Flutterwave are nonetheless charting the trail. These bank-backed corporations are leveraging their mum or dad banks’ huge buyer bases and transaction networks.
“Hydrogen is leveraging Entry Holdings’ intensive ecosystem of roughly 65 million prospects to drive worth creation,” stated Roosevelt Ogbonna, CEO of Entry Financial institution, throughout the group’s investor name on April 23.
Launched in September 2022, Hydrogen started as a backend infrastructure supplier serving fintechs, banks, and telcos reasonably than a direct-to-consumer participant. After recording a ₦612 million ($421,258) loss in Q1 2023, it turned worthwhile in This autumn 2023 (₦161 million/$110,821) and has sustained momentum since then.
The introduction of the Hydrogen Fee Gateway in 2024, alongside enhancements in fee card safety, has pushed development throughout its switching, service provider assortment, and infrastructure companies. To this point in 2025, the corporate has processed 83.71% of the ₦49.1 trillion ($33.79 billion) it dealt with in all of 2024.
“This development underscores the shifting dynamics in Nigeria’s monetary companies area, the place banks and fintechs are evolving from rivals to collaborators,” an Entry Holdings spokesperson instructed TechCabal in Might.
Regardless of this development, Hydrogen solely accounted for 0.45% of Entry Holdings’ ₦215.92 billion ($148.62 million) revenue; nevertheless, the corporate is betting on gaining a share of the African market as its mum or dad firm continues its enlargement drive.
“Projections for 2025 are strong, and the enterprise is already exhibiting robust momentum in H1. Whereas Nigeria is our launchpad, Hydrogen has pan-African ambitions,” Ogbonna added on the investor name.
Word: change charge used: ₦1,452.79/$
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