Opay, Piggyvest, others rank among CNBC’s world’s top 300 fintechs
A recent ranking by CNBC and Statista has identified ten African fintech companies among the top 300 in the world for 2025.This list highlights worldwide innovation across seven fintech sectors, including payments, wealth technology, and alternative financing, during a time of cautious investor attitudes and a decline in global funding.
Nigeria dominated Africa's representation with five companies listed: Interswitch, Moniepoint, OPay, PalmPay, and PiggyVest. Other recognized African firms include M-KOPA and Tala from Kenya, Paymob and MyFawry from Egypt, and Yoco from South Africa.
In the payments sector, OPay and PalmPay from Nigeria were acknowledged for their broad mobile payment solutions, alongside Interswitch and Moniepoint, both recognized for their comprehensive payment infrastructures and business services. Egypt’s Paymob and South Africa’s Yoco were also highlighted within this category.
PiggyVest stood out as the sole African fintech company acknowledged in the wealth technology sector. Since its launch in 2016, it has disbursed over ₦2 trillion to more than seven million users. CEO Somto Ifezue stated that this repeated recognition affirms the company’s dedication to user-centered innovation.
In the alternative financing sector, Kenya’s M-KOPA and Tala made impressive impacts. M-KOPA provides pay-as-you-go financing for smartphones and other assets, while Tala utilizes smartphone data to extend microloans to underserved users throughout Kenya and beyond.
Statista evaluated over 2,000 companies worldwide, considering factors like revenue, growth in user base, and employee numbers. Although the list is not ranked, CNBC indicated that being included signifies a company's influence on global fintech innovation.
This recognition underscores Africa’s increasing role in digital finance, especially concerning mobile-based solutions, as the continent continues to close financial access gaps through technology.
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