Moniepoint, PiggyVest, M-KOPA, Interswitch named amongst world’s high 300 fintechs by CNBC

Ten African fintechs, together with Interswitch, Moniepoint, M-KOPA, OPay, and PiggyVest, have been named among the many world’s high 300 fintech corporations in 2025 by CNBC and Statista. The checklist highlights companies driving innovation throughout seven segments, together with funds, wealth tech, and various financing amid a world funding droop and elevated investor warning.

The inclusion of African startups indicators the continent’s rising relevance in international digital finance, notably in funds. Nigeria led the area’s displaying with 5 corporations featured. 

Interswitch, Opay, Palmpay, and Moniepoint had been named within the fee class, together with Paymob and Yoco from Egypt and South Africa, respectively. Piggyvest is the one Nigerian and African fintech within the wealth know-how class.  M-KOPA and Tola had been listed within the various financing class.

Statista analysed over 2,000 corporations globally to compile the checklist, utilizing key metrics like income, development, and worker headcount. The choice was primarily based on company-submitted information and market analysis, although CNBC famous the checklist is unranked.

Listed here are the African fintechs named within the checklist.

OPay 

Launched in 2018, OPay is among the many main fintechs in Nigeria and has earned approval for its super-app that processes seamless cell funds, transfers, loans, and service provider providers. It presently serves over 60 million customers, together with beforehand unbanked areas. In 2024, the corporate’s valuation rose by over 30%, bringing it nearer to a $3 billion mark. It was recognised within the funds class with international giants like PayPal for facilitating transactions between individuals and companies, each on-line and in-store.

PalmPay

Launched in 2019, PalmPay has grow to be a family identify in Nigeria’s client funds area, serving over 35 million customers.  The corporate plans to broaden into South Africa, Côte d’Ivoire, Uganda, and Tanzania, after processing over 15 million day by day transactions in Q1 2025. PalmPay was one of many six Nigerian startups listed on the Monetary Occasions’ 2024 rating of Africa’s Quickest-Rising Firms.

Moniepoint 

Previously often known as TeamApt, Moniepoint lately gained a $1 billion valuation after elevating $110 million from Google, VISA, and different international traders. The Nigerian fintech boasts a full-stack monetary platform tailor-made for individuals and companies, combining POS, banking, credit score, and cross-border funds. Moniepoint processes greater than 1 billion transactions month-to-month, with a complete fee quantity of over $22 billion. It was additionally listed on the Monetary Occasions’ 2024 rating of Africa’s Quickest-Rising Firms.

PiggyVest

Showing on CNBC’s checklist for the second consecutive 12 months, Piggyvest is the one African firm recognised within the wealth know-how class alongside international giants just like the USA’s Lending Tree and Dubai’s GTN. Since its launch in 2016, it has served over 7 million Nigerians and paid out over ₦2 trillion to its customers.

“We’re excited to share this honour with a few of the most revolutionary companies on the earth,” Somto Ifezue, CEO and Co-founder of Piggyvest, mentioned. “Being included on this checklist, for a second consecutive 12 months and particularly within the wealth know-how class, is a validation of the strikes we now have made to serve our customers higher and anticipate their long-term wants.”

Interswitch 

Interswitch has been a key participant in digital fee since its launch in 2002. It has continued innovating Verve, Africa’s first EMV-verified home funds scheme and cross-border monetary options. With over 85 million playing cards issued and operations throughout some African international locations, it has contributed to how individuals transfer their cash throughout borders. In 2022, it raised $110 million by a joint funding from LeapFrog Investments and Tiana Africa Capital to assist it scale digital fee providers throughout the continent.

Paymob

Paymob, an Egyptian fintech firm, has empowered over 350 thousand retailers throughout 5 international locations within the Center East and North Africa to just accept on-line and offline funds by playing cards, digital wallets, and QR funds. In 2020, it raised $3.5 million with extra funding from its 2021 Sequence A, which closed at $18.5 million, to enhance its capability and purchase extra retailers to make use of its fee providers. In 2024, it raised $22 million in its collection B extension to construct fintech infrastructure past  Egypt. 

Myfawry

MyFawry is a client arm of Fawry. It’s Egypt’s main e-payments app that integrates with numerous providers from utility invoice funds to BNPL choices. The corporate recorded a robust efficiency in 2024, with income rising to $121.6 million year-on-year, and internet revenue leaping to $35.5 million. This development was pushed by the corporate’s expanded portfolio past funds, with banking providers contributing practically 47% of income development. Its retail community additionally grew to 372,400 POS terminals.

Yoco 

Yoco, a South African fintech, delivers inexpensive POS gadgets and is trusted by 200,000 South African companies, enabling card acceptance and gross sales monitoring.  It has secured a complete of $107 million throughout 4 funding rounds: 1 seed spherical, 2 early-stage rounds, and 1 late-stage spherical. Its most vital elevate got here in July 2021, when it closed a $83 million Sequence C spherical, which included some traders, together with The Raba Partnership.

M-Kopa 

M-Kopa is a number one Kenyan startup that gives entry to property like smartphones and e-bikes by its pay-as-you-go mannequin. It additionally presents digital loans and bundled providers. In 2024, the corporate introduced that it had expanded to 5 African international locations, together with Nigeria, Uganda, South Africa, and Ghana. With over 7 million clients, it constructed Kenya’s first smartphone meeting plant and expanded into monetary merchandise like microloans and insurance coverage, pioneering monetary inclusion at scale.

Tala 

Tala is a Kenyan fintech firm that makes use of smartphone metadata like name logs, monetary transactions, and app utilization to construct credit score profiles and disburse microloans. In 2021, it raised $145 million in Sequence E funding with participation from new and current traders, bringing the full funding raised to $360 million.

The corporate serves over eight million clients, who collectively entry over $3 million day by day, amounting to just about $100 million in loans originated every month. 

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