An In-depth Look At Nigeria’s Top 100 Fintech Companies

The fintech industry is rapidly growing in Nigeria, with numerous innovative and disruptive companies emerging to meet the changing financial needs of Nigerians. These companies are leveraging technology to provide financial services that are efficient, affordable, and accessible to everyone.

In this article, we will take a look at the top 100 fintech companies in Nigeria, highlighting their unique offerings and contributions to the industry. First on our list is Flutterwave, a payment technology company that enables seamless payment transactions across different platforms.

Founded in 2016 by Iyin Aboyeji and Olugbenga Agboola, Flutterwave has become one of the leading payment solutions providers in Africa. The platform supports payments from over 150 countries worldwide and has processed over $9 billion worth of transactions since its inception.

Another notable fintech company on our list is Piggyvest. Launched in 2016 by Somto Ifezue and Odunayo Eweniyi, Piggyvest offers Nigerians an innovative way to save money through various investment options such as fixed income investments, savings plans, and cryptocurrency trading.

The platform has grown significantly since its launch with over 1 million registered users who have saved billions of naira collectively. Paystack is also among the top fintech companies in Nigeria that provide payment solutions for businesses and individuals alike.

Founded by Shola Akinlade and Ezra Olubi in Lagos in 2015, Paystack makes it easy for merchants to accept payments online securely while providing excellent customer service. Paystack was acquired by Stripe for over $200 million earlier this year.

Bankly is another player in the Nigerian fintech space with a unique offering – digital banking services for unbanked Nigerians. Founded by Tomilola Adejana and Fredrick Adams in 2019, Bankly enables users to make cash deposits through an agent network available nationwide while keeping their funds safe without having traditional bank accounts.

The company has already raised significant funding to expand its operations and reach more Nigerians. We have Remita/SystemSpecs, a leading payment and financial management software provider in Nigeria.

Founded in 1991 by John Obaro, the company offers an integrated platform that enables businesses, government agencies, and individuals to manage their finances efficiently. Remita's services include e-invoicing, payroll management, tax collection and payments, among others.

These are just some of the top fintech companies in Nigeria that are changing the financial landscape of the country. In the following sections of this article, we will explore other players in this space and their contributions towards making financial services accessible to all Nigerians irrespective of their location or social status.

Flutterwave

Flutterwave is a payment technology company founded in 2016 by Iyinoluwa Aboyeji and Olugbenga Agboola. It is one of the fastest-growing fintech companies in Nigeria and has gained significant traction since its inception. The company provides payment infrastructure for banks and businesses to make and receive payments locally and across borders.

One of Flutterwave's most significant achievements was securing a $35 million Series B investment in January 2021, led by a consortium of international investors, including Avenir Growth Capital, Greycroft Partners, Tiger Global Management, and Fidelity Management & Research Company. With this funding, Flutterwave plans to expand into new markets and further invest in its technology infrastructure.

Flutterwave offers several products to enable businesses to receive payments from customers worldwide. One of its core products is Rave, which allows businesses to accept payments from debit/credit cards issued by any bank worldwide for both online and offline transactions.

This product has been a game-changer for many small businesses that were previously unable to accept card payments. In addition to Rave, Flutterwave offers other payment solutions such as Barter – an app-based financial tool that allows users to save money easily on their mobile phones while providing access to virtual dollar cards – POS machines for merchants who need more traditional payment options than just online services like Rave.

Flutterwave also launched the African e-commerce platform called “GetBarter,” which allows consumers on the continent purchase items from foreign retailers such as Amazon or Zara without having a bank account that supports foreign currency transactions. Another notable feature of Flutterwave is its integration with popular ecommerce platforms such as Shopify and WooCommerce.

This makes it easy for merchants who already have an online store hosted on these platforms to easily integrate Flutterwaves' payment gateway solution into their existing systems without any hassle. Overall, Flutterwave has made tremendous strides in Nigeria's fintech industry since its inception, and its innovative products and services have made it one of the top-performing payment solutions providers in Africa.

Piggyvest

Piggyvest is one of the leading fintech companies in Nigeria, providing innovative digital financial solutions to help individuals save and invest their money. The company was founded in 2016 and has grown to become one of the most trusted names in the Nigerian fintech industry.

One of Piggyvest's flagship products is its savings platform, which enables users to save their money automatically. Users can set up scheduled savings plans that automatically deduct a specified amount from their bank account on a regular basis.

The platform also offers competitive interest rates on savings accounts, making it an attractive option for individuals looking for a high-yield savings account. In addition to its savings platform, Piggyvest also offers investment opportunities through its Investify product.

With Investify, users can invest their money in various investment options, including real estate and agriculture. The platform provides users with detailed information about each investment opportunity and allows them to track their investments through the app.

Piggyvest also offers a range of other financial products and services designed to help users manage their finances more effectively. For example, the company's Flex Naira product provides users with instant access to small loans without requiring collateral or a credit check.

Piggyvest other products include insurance plans and group savings plans. One key factor that sets Piggyvest apart from other fintech companies in Nigeria is its focus on customer service.

The company employs a team of experienced customer service professionals who are available around the clock to assist customers with any questions or concerns they may have. This commitment to exceptional customer service has helped Piggyvest build a loyal user base and establish itself as one of the most reputable fintech companies in Nigeria.

Overall, Piggyvest's innovative financial solutions have made it an essential tool for millions of Nigerians looking to manage their finances more effectively. With its focus on customer service and commitment to providing reliable financial products and services, Piggyvest is poised for continued growth and success in the Nigerian fintech industry.

Paystack

Paystack is another top fintech company in Nigeria that was founded in 2015 by Shola Akinlade and Ezra Olubi. Its main aim is to make it easy for businesses to accept online payments from their customers.

Paystack offers a secure payment gateway for businesses of all sizes, making the online payment process seamless and hassle-free. One of the key features of Paystack is its easy integration with websites and mobile applications.

With just a few lines of code, businesses can start accepting payments on their platform. This has made it a go-to platform for many small and medium-sized enterprises (SMEs) looking to start accepting online payments.

Another standout feature of Paystack is its fraud prevention system. The platform uses advanced fraud detection technology to monitor transactions in real-time, helping to prevent fraudulent activities before they occur.

This gives both businesses and customers peace of mind knowing that their transactions are secure. also supports multiple payment methods including debit/credit cards, bank transfers, and USSD payments.

This flexibility makes it easier for customers to pay using their preferred method, which in turn leads to increased sales for businesses using the platform. In addition to these features, Paystack also provides detailed analytics and reporting tools.

These tools help businesses keep track of transaction volumes, revenue generated, customer demographics, among other metrics. This data can be used by businesses to make informed decisions on how best to grow their business online.

Overall, Paystack has been instrumental in driving e-commerce growth in Nigeria by providing an easy and secure payment gateway for SMEs across the country. Its focus on customer satisfaction through enhanced security measures and flexible payment options has helped it gain a loyal following among Nigerian business owners looking to expand their operations online.

Bankly

Bankly is a Nigerian fintech company that was founded in 2018. The company provides a digital platform for individuals and businesses to save money without having to go through the traditional banking system.

Bankly aims to promote financial inclusion by providing affordable and accessible savings solutions for Nigerians. In this section, we will discuss the features of Bankly, its services, user interface, business model, and future prospects.

One of the standout features of Bankly is its user interface, which is intuitive and easy to navigate. The platform allows users to create a savings account in minutes by simply dialing a USSD code on their mobile phones or through its web-based portal.

Users can make deposits into their accounts using cash at any Bankly agent location or transfer from other bank accounts via an electronic transfer. also offers several services that are aimed at promoting financial literacy among users.

These services include educational resources such as articles and videos on personal finance management, investment opportunities, and access to loans from partner institutions. The business model of Bankly is built around agent banking and partnerships with existing financial institutions.

The company has partnered with over 5 banks in Nigeria including Access Bank, Fidelity Bank, Wema Bank among others enabling customers transact with their accounts on other banks’ platforms via the USSD banking service provided by Bankly. Looking towards the future, Bankly has plans to expand its operations beyond Nigeria’s borders as well as incorporate additional features such as credit reporting agencies for individuals and small businesses alike.

Bankly is one of Nigeria’s leading fintech companies that provide affordable digital savings solutions for Nigerians who previously had limited access to banking services. Its user-friendly interface coupled with its educational resources make it an excellent choice for anyone looking for reliable savings platforms while promoting financial literacy in Nigeria's growing economy.

Remita / SystemSpecs

Remita is a fintech company in Nigeria that has been helping businesses and individuals make and receive payments for over a decade. Remita's parent company is SystemSpecs, a software development company founded in 1992.

Remita was launched by SystemSpecs in 2005 as an electronic payment platform for the Nigerian public sector. Since then, it has evolved to become one of the most popular payment platforms in Nigeria, used by individuals, businesses, organizations and government agencies.

One of the key features of Remita is its versatility. The platform can be used for different types of payments including salary payments, pension payments, tax payments, school fees payments and more.

Users can also use Remita to transfer funds across banks within Nigeria or to international bank accounts. In addition to these features, Remita boasts of robust security measures that protect users from fraud and unauthorized access.

Another feature that sets Remita apart from other payment platforms is its integration with government systems. This has made it possible for individuals and businesses to easily pay taxes or fees owed to various government agencies using the platform.

Some of the government agencies that have integrated with Remita include the Federal Inland Revenue Service (FIRS), Joint Admissions and Matriculation Board (JAMB), National Identity Management Commission (NIMC), National Health Insurance Scheme (NHIS) among others. Apart from being a payment platform, Remita also offers other services such as payroll management solutions and enterprise resource planning solutions for businesses.

These solutions help organizations manage their finances better by providing them with tools for budgeting, forecasting and reporting. Remita has played a significant role in revolutionizing the way Nigerians make payments online.

Its versatility and security have made it a trusted payment platform both locally and internationally while its integration with government systems makes paying taxes easier than ever before. With its parent company SystemSpecs continuing to innovate, it is expected that Remita will continue to remain relevant and grow in the Nigerian fintech space.

Moniepoint (TeamApt)

Moniepoint is a fintech company founded by TeamApt, a Nigerian-based software development firm. The company provides banking services to the unbanked and underbanked population in Nigeria through its agency banking platform.

With over 10,000 agents spread across all states in Nigeria, Moniepoint has become one of the leading fintech companies in the country. One of the unique selling points of Moniepoint is its easy-to-use interface that allows agents to perform transactions for customers seamlessly.

The platform enables users to carry out several financial activities such as cash deposit, cash withdrawal, bills payment and funds transfer at any of their numerous agent locations across Nigeria. This has made it easier for people living in remote areas with limited access to traditional banks to carry out financial transactions with ease.

Another key strength of Moniepoint is its strategic partnership with various financial institutions in Nigeria. These partnerships allow Moniepoint to provide seamless and secure digital banking services through collaborations with top Nigerian banks such as Access Bank Plc., FCMB Bank Plc., UBA Plc., and Zenith Bank Plc.

Moniepoint also leverages technology to provide efficient, cost-effective financial services on its platform. Their use of innovative technology solutions has enabled them to offer round-the-clock transaction processing which ensures that customers can access their funds at any time without delays or issues related to downtime.

In addition, Moniepoint provides excellent customer support service through various channels such as email, phone calls and social media platforms like Twitter and Instagram. Their customer care team is always available 24/7 to respond promptly to complaints regarding transactions issues or other concerns users may have.

Overall, Moniepoint (TeamApt) has demonstrated an unwavering commitment towards providing reliable and accessible digital banking services for all Nigerians regardless of location or level of income. Its strong agency network coupled with robust technology infrastructure makes it one of the top fintech companies to watch out for in Nigeria's fintech industry.

Lidya

Lidya is a leading digital financial services platform that provides financing and credit solutions to small and medium-sized enterprises (SMEs) in Nigeria. The platform was founded in 2016 by Tunde Kehinde and Ercin Eksin, with the aim of providing access to finance for SMEs, which they saw as a gap in the Nigerian market.

This section will delve into the history, products, and services offered by Lidya. was initially launched as a lending platform for SMEs but has since expanded its offerings to include savings accounts, investment opportunities, and business management tools.

The platform's lending product offers loans between ₦150,000 ($380) to ₦50 million ($127k), which can be repaid over a period of 1 to 36 months with competitive interest rates. The platform also offers invoice financing services for small businesses that need working capital.

One of Lidya's unique selling points is its use of technology to assess creditworthiness. The company uses both traditional and alternative data sources such as bank transactions, social media presence, business revenue streams, among other factors, to evaluate potential borrowers' credit risk.

This approach enables Lidya to provide funding quickly without requiring collateral or extensive documentation. In addition to its lending products, Lidya offers savings accounts that come with competitive interest rates of up to 9% per annum.

Account holders can make unlimited withdrawals without penalties or hidden fees. As part of its digital banking ecosystem strategy, Lidya partners with banks (such as Alat by Wema Bank) on their Open Banking initiative which allows users access their bank accounts via third-party applications like Lidya mobile app.

Lidya has made significant progress since its launch in 2016; it now operates in two African countries (Nigeria and Poland), has secured several rounds of funding totaling $13 million from investors such as Accion Venture Lab, Newid Capital, and Bamboo Capital Partners. has also won several awards, including the “Best Fintech Startup” in Africa at the Seedstars World competition in 2017.

Lidya is a fast-growing and innovative financial services platform that offers a range of products and services to small businesses. With its use of technology and unique approach to assessing credit risk, Lidya is well-positioned to continue its growth trajectory and support SMEs in Nigeria and beyond.

Interswitch

Interswitch is a Nigerian fintech company that has been in operation since 2002. It is a leading provider of digital payments and commerce solutions in Nigeria and across Africa. The company has a wide range of products and services that cater to different segments of the market, including individuals, businesses, and government agencies.

In this section, we will take a closer look at some of these products and services as well as the impact that Interswitch has had on the Nigerian fintech industry. One of Interswitch's most popular products is its payment gateway, which enables businesses to accept online payments from customers using various payment channels such as cards, bank transfers, and mobile money.

The payment gateway is highly secure and reliable, ensuring that transactions are processed quickly without any glitches or downtime. It also provides businesses with detailed transaction reports that help them keep track of their revenue streams.

In addition to payments and mobile money services, Interswitch also provides e-commerce solutions through its online marketplace called Konga. Konga is one of Nigeria's largest e-commerce platforms with an extensive range of products across different categories such as electronics, fashion items, home appliances, groceries and more.

The Interswitch platform offers customers convenient shopping experiences with fast delivery times while providing sellers with an opportunity to reach a wider audience for their products. has made significant contributions to the growth of the Nigerian fintech industry through its innovative products and services.

The company has provided employment opportunities for thousands of Nigerians while promoting financial inclusion by making financial services accessible to both urban and rural areas in Nigeria. Its products and services have also helped to reduce the incidence of cash-based transactions, which is one of the main drivers of insecurity and corruption in Nigeria.

Interswitch has set a high standard for other fintech companies in Nigeria through its commitment to innovation, quality service delivery, and customer satisfaction. With its wide range of products and services catering to various segments of the market, Interswitch continues to play a significant role in shaping the future of the Nigerian fintech industry.

Carbon

Carbon is a digital financial platform that aims to make financial services more accessible and affordable in Nigeria. The company offers a range of products and services, including loans, savings accounts, and payment solutions. was launched in 2016 as Paylater, but it rebranded to Carbon in 2019 to reflect its expanding product offerings.

One of the core products offered by Carbon is loans. The company offers instant loans to individuals and small businesses without requiring collateral or extensive documentation.

Customers can apply for loans through the Carbon app or website and receive approval within minutes. The loans are disbursed directly to the customer's bank account or mobile wallet.

Carbon also offers a savings account called CarbonSave. The account allows customers to save money easily and earn interest on their savings.

Customers can set up automatic deposits into their savings accounts or make one-time transfers whenever they have extra cash available. In addition to loans and savings accounts, Carbon also provides payment solutions that allow customers to make transactions easily and securely.

One such solution is the CarbonPay feature, which allows customers to pay bills, transfer funds, and purchase airtime directly from their mobile devices. Another notable feature of Carbon is its partnership with Visa.

In 2020, the company became one of the first fintech companies in Africa to launch a virtual debit card that is accepted by merchants worldwide. The card can be used for online purchases and other transactions where physical presence isn't required.

Overall, Carbon has become one of the leading fintech companies in Nigeria due to its commitment to providing innovative financial solutions that meet the diverse needs of consumers and small businesses alike. With its focus on affordability, accessibility, and convenience, it's no wonder that over two million Nigerians have used Carbon's products since its inception in 2016.

Migo

Migo is a digital lending platform that provides instant loans to individuals and small businesses in Nigeria. The platform was formerly known as KwikMoney, but it rebranded to Migo in 2018 after securing a $20 million funding round from investors. ‘s loan offering is flexible and can be accessed without collateral or a fixed repayment date.

One of the benefits of using Migo is its accessibility. The platform can be accessed via various channels, including USSD codes, mobile apps, and web platforms.

This makes it easy for users to access loans anytime and anywhere without having to visit a physical branch or office. ‘s loan offering is also designed to cater to a wide range of users.

The platform offers loans ranging from NGN 500 ($1.30) to NGN 500,000 ($1,294), with varying interest rates and repayment periods depending on the amount borrowed. This flexibility makes it possible for users with different financial needs and capabilities to access loans without being constrained by fixed terms.

Another notable feature of Migo is its partnership with banks and other financial institutions. Through these partnerships, Migo is able to reach more customers by leveraging the existing infrastructure of these institutions.

For instance, through its partnership with GTBank, Migo was able to integrate its loan service into the bank's mobile app. In terms of security and privacy, Migo takes data protection seriously.

The platform uses advanced encryption technologies to ensure that user data remains secure throughout the loan application process. Additionally, all customer data on the platform is kept confidential and only used for loan processing purposes.

Overall, Migo has established itself as one of the leading digital lending platforms in Nigeria by providing flexible loan offerings that cater to different user needs while leveraging technology partnerships with banks and other financial institutions. With continued investment in technology innovation and expanding partnerships with banks across Nigeria, Migo looks set for sustained growth in the digital lending space.

Cowrywise

Cowrywise is a Nigerian fintech company that has been making waves in the industry since its inception in 2017. It is an online savings and investment platform that allows customers to save and invest money with ease.

The platform has been lauded for its simplicity and user-friendliness, with customers able to create an account and start saving or investing in just a few minutes. One of the standout features of Cowrywise is its ability to offer different investment options based on the customer's risk profile.

Customers can choose from options such as low-risk money market funds to higher-risk equity funds. This provides customers with flexibility when it comes to investing their money, which is particularly important given Nigeria's volatile financial markets.

Another feature of Cowrywise that has resonated with customers is its automatic savings feature. The platform allows users to set up automatic savings plans based on their income and expenses, ensuring that they are consistently putting money away towards their goals without having to think about it.

This feature has been particularly popular among millennial users who are looking for ways to automate their finances. In addition to its savings and investment platform, Cowrywise also offers educational resources for its users.

The company regularly publishes articles and guides on personal finance topics such as budgeting, saving, and investing. This information is invaluable for those who are just starting out on their financial journey or who may not have access to traditional financial education.

Cowrywise has also made efforts to include traditionally underserved communities in Nigeria in its services. In 2020, the company partnered with a non-profit organization called Youths Empowerment Foundation (YEF) to provide financial literacy training and access to the Cowrywise platform for young people living in rural communities across Nigeria.

Overall, Cowrywise has established itself as a leading player in the Nigerian fintech industry by offering innovative solutions that meet the needs of Nigerians across all income levels. Its commitment to financial education and inclusion has helped it earn the trust of its users, and it is poised for continued growth in the years to come.

Paga

Paga is a mobile payment platform founded in 2009 by Tayo Oviosu. The company provides several banking services such as bill payments, funds transfer, and airtime purchase.

Paga's mission is to make it easy for people to access and use money. The platform has over 17 million registered users and operates in Nigeria and other African countries.

One of the key features of Paga is its ability to allow users to send money to anyone with a mobile phone number or a Paga account. This has made it easier for people to send money quickly and securely without the need for bank accounts or long queues at payment centers.

Users can also use the platform to pay bills such as utility bills, school fees, cable TV subscriptions, and more. offers several products that cater to different needs of its customers.

One of its products is Paga Agent Network which allows individuals and businesses in remote areas with limited access to banking services to become agents who offer financial services on behalf of Paga. This has helped many Nigerians earn a living while providing basic financial services in their communities.

Another feature of Paga is the ability for users to save money on the platform through its savings product called “PagaSave.” This product allows customers to set aside funds on their accounts while earning interest on their savings. With this product, users can easily plan towards achieving their financial goals such as buying a car, paying rent or saving towards retirement.

Paga also offers loans through its partnership with Renmoney, an online lending company in Nigeria. Customers can access loans up to N4 million (~$10k) within 24 hours after application approval via the mobile app or website.

These loans are provided at affordable rates with flexible repayment options. Paga has revolutionized mobile banking in Nigeria by offering easy-to-use payment solutions that cater both individuals and businesses' needs.

Paga's ability to provide financial services such as bill payments, airtime purchase, and funds transfer has made it an essential tool for most Nigerians. With its various products such as Paga Agent Network, PagaSave, and loans from Renmoney, Paga is leading the way in making financial services accessible to everyone.

Branch

Branch is a Nigerian fintech startup that provides access to credit and other financial services through its mobile app. The company was founded in 2015 by Matt Flannery and Andrew Dunn, who previously co-founded Kiva.org. was created to address the problem of financial exclusion in Nigeria, where many people do not have access to formal banking services.

The Branch app allows users to apply for loans, which are disbursed instantly upon approval. Loans range from ₦1,000 to ₦200,000 and can be repaid over a period of up to twelve months.

The interest rates on Branch loans vary depending on the borrower's creditworthiness but generally fall between 15% and 34% per annum. To determine a borrower's creditworthiness, Branch uses machine learning algorithms that analyze data from the borrower's smartphone, including call logs, SMS history, and app usage patterns.

This allows Branch to make lending decisions quickly and accurately without requiring collateral or extensive documentation. In addition to loans, Branch also offers other financial services such as bill payment and airtime top-up.

The company has partnerships with several banks in Nigeria that allow customers to deposit or withdraw cash at participating bank branches. Since its launch in Nigeria, Branch has expanded its operations to Kenya and Tanzania and has disbursed over $350 million in loans across all three countries.

The company has received investment from several prominent venture capital firms including Andreessen Horowitz, Formation 8, Trinity Ventures, CreditEase Fintech Investment Fund, Greenspring Associates, Foxhaven Asset Management LLP among others. Despite facing competition from other fintech startups like Paylater (now Carbon) and Kudi Money among others who offer similar loan products on their platforms; Branch has been able to carve out a niche for itself by leveraging technology-driven data analytics approach for decision making concerning loan approvals leading it on the list of one of the Top 100 fintech companies in Nigeria.

Wallets Africa

Wallets Africa is a Nigerian fintech company that offers a range of financial services to users. Founded in 2018, the company has quickly grown to become one of the leading digital banking platforms in Nigeria. aims to provide its users with an easy and convenient way to access financial services at any time, from anywhere.

One of the key features of Wallets Africa is its mobile wallet service, which allows users to make payments and transfer money using their mobile phones. Users can fund their wallets using bank transfers or debit cards, and can then use the funds to pay bills, buy airtime or data, or send money to other Wallets Africa users.

The platform also allows for international money transfers at competitive rates. In addition to its mobile wallet service, Wallets Africa also offers virtual account numbers for businesses looking to receive payments from customers.

These virtual account numbers can be used with existing payment platforms such as Paystack or Flutterwave, making it easy for businesses to receive payments without having to set up their own payment systems. also offers investment products through its app, allowing users to save and invest their money in a range of portfolios.

Users can choose from investment options ranging from low-risk savings accounts to high-risk stock portfolios. The security of user information and transactions is a top priority for Wallets Africa.

The platform uses advanced encryption technology and multi-factor authentication processes to ensure that user data is protected at all times. Additionally, the company partners with reputable banks and payment processors such as Guaranty Trust Bank (GTBank) and Paystack for added security measures.

Overall, Wallets Africa offers a comprehensive suite of financial services designed for convenience and accessibility. Its mobile wallet service, virtual account numbers for businesses, investment products, and focus on security make it an attractive option for Nigerians seeking digital banking solutions.

Risevest

Risevest is a popular fintech company in Nigeria that allows users to invest in foreign assets such as stocks and bonds. This startup has gained serious traction since its launch and has raised $1.4 million in seed funding from investors like Y Combinator, Future Africa, and Ingressive Capital. The platform provides access to global assets like Tesla stock, Apple stock, and more.

Risevest's mission is to democratize wealth creation by providing easy access to global investments to everyday Nigerians. The startup offers a user-friendly platform that enables people to start investing with as little as $10.

They also provide educational content on investing and financial literacy. One of the unique features of Risevest is that it allows users to invest in fractional shares.

This means that instead of purchasing a whole share of a stock, users can buy a fraction of it based on how much they want to invest. For instance, if an Amazon share costs $3,000 but you only have $100, you can still invest in Amazon by purchasing 1/30th of a share.

Another interesting aspect of Risevest is their investment portfolios called “bundles.” These are pre-selected collections of assets designed by financial experts based on different investment themes such as technology or renewable energy. Users can choose which bundle aligns with their investment goals and risk tolerance.

Risevest also offers portfolio tracking tools that allow users to monitor their investments' performance over time easily. Users have access to real-time updates on their holdings' value and can see how each asset is performing relative to the others in their portfolio.

Risevest is an excellent option for Nigerians looking to diversify their investment portfolios by accessing international markets without having the capital required for traditional methods like mutual funds or stocks brokerage accounts abroad. Its user-friendly platform, fractional shares options, pre-selected bundles aligning with different investment themes, investment tracking tools make it easier for new investors to get started.

Chaka

Chaka is a fast-growing fintech startup that offers a global trading platform for Nigerian investors. The platform, which is accessible via mobile and desktop, enables users to invest in over 10,000 stocks and ETFs listed on the U.S. stock exchanges such as NASDAQ and NYSE from Nigeria.

Chaka’s mission is to enable Africans to build wealth by providing access to investment opportunities that were previously unavailable. The company was founded in 2019 by Tosin Osibodu, Olaolu Ajose, and Somto Ifezue, who were motivated by their own frustrations of trying to invest in U.S. stocks while living in Nigeria.

Chaka has since raised $1.5 million in pre-seed funding led by Breyer Capital and has attracted over 4,000 users within its first year of operation. One unique feature of Chaka’s platform is its ability to provide access to fractional shares.

Fractional shares allow investors to own a portion of more expensive stocks like Amazon or Google without having to buy the entire share. This makes it possible for everyday Nigerians with limited capital to invest in some of the world’s most valuable companies.

Chaka also offers a seamless onboarding process where users can create an account in less than five minutes using their BVN (Bank Verification Number) and ID card number. The company prides itself on its customer support team, who are available 24/7 via phone, email or live chat.

In addition to offering stock trading services, Chaka has also partnered with Paystack (another Nigerian fintech) to offer mutual funds investments on its platform through Paystack's integration with investment houses like ARM Investment Managers and Meristem Wealth Management Limited. Overall, Chaka's innovative approach towards making global investing easier for Nigerians makes it one of the most exciting fintech startups on the continent today.

However, like any new fintech startup operating in Nigeria, Chaka faces its fair share of challenges. One such challenge is regulatory compliance.

In order to operate legally in Nigeria, the company must comply with various financial regulations set by the Nigerian Securities and Exchange Commission (SEC). ’s founders have expressed their willingness to work with regulators to ensure that the company is compliant while providing users with a seamless investing experience.

To overcome this challenge, Chaka has partnered with Citi Investment Capital Limited (CICL), a licensed stockbroking firm in Nigeria, to enable it to offer local stocks in addition to global stocks. This partnership ensures that Chaka remains compliant with existing regulations while users can enjoy access to an even wider market of investment opportunities.

Okra

Okra is one of the top fintech companies in Nigeria that has been making waves in recent years. The company was founded in 2019 by Fara Ashiru Jituboh and David Peterside, with the aim of creating a seamless financial integration system for businesses and individuals. Today, Okra is regarded as a leading provider of open banking infrastructure services across Africa.

One of the key features of Okra's platform is its ability to connect bank accounts to third-party applications. This allows businesses and individuals to access their banking information in real-time, without having to go through the tedious process of manual data entry.

With Okra, users can easily authenticate their bank accounts and securely share their financial data with trusted third-party applications. In addition to its open banking infrastructure services, Okra also provides other innovative solutions that are designed to enhance the financial experience for its users.

For instance, the company offers a payment gateway that allows businesses to accept payments from customers through various channels such as cards and bank transfers. Furthermore, Okra has also developed an API that enables developers to build custom finance apps on top of its platform.

This means that businesses can create personalized tools that meet their specific needs without having to worry about developing complex backend systems from scratch. Another advantage of using Okra is its commitment to security and privacy.

The company implements robust security measures to ensure that users' financial data remains protected at all times. It also complies with relevant regulatory standards such as GDPR and PCI DSS.

Overall, Okra's platform offers a comprehensive suite of financial integration solutions that are designed to make banking easier for businesses and individuals alike. Its commitment to innovation, security, and privacy has made it one of the most trusted fintech companies in Nigeria today.

Aella Credit

Aella Credit is a financial platform that provides loans to clients through its mobile application. The company was founded in 2015 and has since grown to be one of the leading fintech companies in Nigeria. offers a range of loan products, including personal loans, business loans, and loans for education.

One of the unique features that set Aella Credit apart from other loan providers is its credit scoring system. The company uses artificial intelligence (AI) to analyze data from clients' bank accounts and social media profiles to determine their creditworthiness.

This system ensures that only qualified borrowers receive loans, reducing the risk of defaults. partners with employers to offer salary advances to their employees.

This service allows employees to access a percentage of their salaries before payday, reducing the need for short-term loans and overdrafts. Employers benefit from increased employee satisfaction and reduced financial stress among their workers.

The company has also built a network of agents across Nigeria who assist clients in accessing its loan services. These agents are trained to educate clients on responsible borrowing while ensuring they have easy access to credit when they need it.

In 2020, Aella Credit raised $10 million in funding led by Singaporean fintech investor HQ Financial Group (HQF), bringing its total funding up to $35 million. The funding will be used for expansion into new markets across Africa and Asia as well as improving its technology infrastructure.

Overall, Aella Credit's innovative use of AI technology and partnerships make it a standout player in Nigeria's fintech industry. With investments in expansion plans backed by reputable investors such as HQF, it is poised for continued growth both within Nigeria and beyond its borders.

Kuda

Kuda is one of the fastest-growing fintech companies in Nigeria. Founded in 2019, Kuda has grown to become one of the most popular digital banks in the country. The platform offers a range of financial services that are designed to help customers manage their money more effectively.

In this section, we will take a closer look at Kuda and explore what makes it different from other fintech companies. One of the main features that sets Kuda apart from other digital banks is its zero charges policy.

Unlike traditional banks that charge customers for every transaction they make, Kuda does not charge any fees for ATM withdrawals, transfers, or other basic banking services. This has been a major draw for many Nigerians who are frustrated with high banking fees.

Another key feature of Kuda is its mobile-first approach. The company has built its entire platform around mobile devices, making it easy for users to access their accounts and manage their money on the go.

This is particularly important in Nigeria where many people do not have access to traditional banking services. also offers a range of innovative financial products that are designed to help customers save money and achieve their financial goals.

For example, the company's “Save More” feature allows users to set savings goals and earn interest on their savings automatically. In addition to these features, Kuda also boasts impressive user growth numbers.

As of 2021, the company reportedly has over 1 million registered users and is adding thousands more each day. This growth can be attributed to Kuda's focus on providing excellent customer service and creating a seamless user experience.

Overall, Kuda is an exciting fintech company that is making waves in Nigeria's rapidly evolving financial landscape. With its zero-charges policy, mobile-first approach, innovative products, and impressive user growth numbers, it's no wonder why so many Nigerians are turning to this digital bank for all their banking needs.

Xend Finance

Xend Finance is a Nigerian-based fintech startup that focuses on decentralized finance (DeFi) solutions. The company aims to bring DeFi and blockchain technology to the unbanked population in Africa, providing them with access to more financial services. offers an easy-to-use platform that enables users to save, borrow, and earn interest on their funds.

One of the key features of Xend Finance is its ability to connect users with different decentralized finance protocols. This allows users to access a wider range of investment opportunities, including those that were previously inaccessible due to high entry barriers.

With Xend Finance, users can invest in different cryptocurrencies and earn high yields on their investments. also offers peer-to-peer lending services, where lenders can offer loans to borrowers without the need for intermediaries such as banks.

This helps reduce the cost of borrowing for borrowers while offering higher returns for lenders. The company uses smart contracts on blockchain technology to ensure transparency and security during lending transactions.

Another interesting feature of Xend Finance is its community-driven approach. The company leverages social networks and other online communities as a means for users to connect with each other and share knowledge about DeFi investments.

Users can also pool their funds together in investment pools managed by experienced fund managers. Overall, Xend Finance represents an innovative solution aimed at democratizing finance in Nigeria and Africa at large.

With its focus on DeFi solutions, the company is well-positioned to disrupt traditional banking systems by providing more accessible and user-friendly financial services. As more Africans gain access to smartphones and digital platforms, it is likely that we will see increased adoption of fintech solutions such as those offered by Xend Finance in the years ahead.

Renmoney

Renmoney is a leading fintech platform in Nigeria that offers loans, investments, and savings products to individuals and small businesses. The platform has been operational since 2012 and has since grown to become one of the most trusted financial services providers for Nigerians.

The platform offers personal loans to customers ranging from ₦50,000 ($120) to ₦4 million ($9,600). These loans can be accessed via the Renmoney website or mobile app by submitting an application that includes supporting documents such as a valid ID card and bank statement.

The loan approval process is fast and typically takes less than 24 hours. In addition to personal loans, Renmoney also provides SME loans to small business owners who need funding to grow their businesses.

These SME loans range from ₦100,000 ($240) up to ₦20 million ($48,000) and are designed to help entrepreneurs access the capital they need without having to go through traditional banking channels. also offers investment products that allow customers to earn interest on their savings.

The platform's fixed deposit account offers an attractive interest rate of up 12%, which is higher than what traditional banks are offering. Customers can choose from various tenors ranging from 30 days up to one year depending on their investment goals.

Another standout feature of Renmoney is its customer service. The platform has a team of dedicated customer service representatives who are available around the clock via phone or email.

Customers can also visit any of the company's physical branches located in Lagos, Ibadan, Abuja or Ilorin for face-to-face assistance. Renmoney has invested heavily in technology infrastructure that ensures its operations run smoothly while maintaining high-security standards.

This includes deploying state-of-the-art encryption and security protocols to protect customer data and transactions. The platform also provides a user-friendly interface that makes it easy for customers to access their accounts, track their loan repayments, and monitor their investments.

Renmoney has established itself as a major player in the Nigerian fintech landscape, providing valuable financial products and services to individuals and small businesses. Its commitment to excellent customer service, innovative products, and cutting-edge technology makes it a top choice for anyone looking to access financial services in Nigeria.

Fliqpay

Fliqpay is a Nigeria-based fintech company that focuses on making cross-border payments easier, faster, and cheaper. This company was founded in 2019 and has since grown to become one of the leading platforms for cross-border transactions in the country. One of the unique features of Fliqpay is its ability to seamlessly integrate with businesses' existing systems.

This means that businesses can make cross-border payments right from their existing software without any additional integration costs. This feature has made Fliqpay particularly attractive to small and medium-sized enterprises (SMEs) that want to expand their operations globally.

In addition to its integration capabilities, Fliqpay also offers competitive exchange rates for businesses looking to make international payments. The platform allows businesses to pay in local currency and then converts it into the recipient's preferred currency at a much lower cost than traditional banks charge.

Fliqpay uses blockchain technology to ensure maximum security for its users' transactions. The platform leverages Ethereum smart contracts, which are executed automatically when certain conditions are met.

This ensures that transactions are transparent, secure, and tamper-proof. The company has received numerous accolades for its innovation and impact on the Nigerian fintech industry.

In 2020, Fliqpay was selected as one of the top three startups in Africa at the Seedstars Global Competition. The platform's founder was also named one of Forbes Africa's 30 under 30 entrepreneurs in the technology sector.

Overall, Fliqpay has become a game-changer in the Nigerian fintech industry by providing affordable cross-border payment solutions for SMEs. Its innovative approach to integrating with existing systems, competitive exchange rates, and blockchain-powered security make it an attractive choice for businesses looking to expand globally without breaking the bank on transaction fees or compromising security.

FairMoney

FairMoney is a rapidly growing fintech company in Nigeria that offers quick loans to individuals without collateral. The company was founded in 2017 and has since disbursed over 2 million loans with an average loan size of N10,000 ($26). aims to make financing more accessible to individuals who lack access to traditional banking services.

One of the key features of FairMoney is their mobile app, which allows users to apply for a loan and receive funds within minutes. To apply for a loan, users need to download the app, sign up and provide basic information about themselves, such as their name, phone number and bank details.

Once the application is submitted, it is reviewed by FairMoney's proprietary algorithm which determines the user's creditworthiness and ability to repay the loan. ‘s success is attributed to its innovative use of technology in its lending process.

By leveraging AI-powered algorithms and alternative data sources like social media activity and call logs, they can assess borrowers' creditworthiness beyond traditional credit scoring methods used by banks. Furthermore, FairMoney has also partnered with numerous mobile network operators in Nigeria such as MTN and Airtel allowing them access to millions of potential customers which has significantly helped grow its customer base.

In addition to instant loans, FairMoney also offers investment opportunities through its savings product called “FairSave”. It allows users to deposit funds into a savings account that earns up to 13% interest per annum.

This feature helps promote financial literacy among its users while encouraging them towards healthy financial habits like savings. To conclude, FairMoney's impressive growth over a short period highlights its potential as one of Nigeria's leading fintech companies.

Its innovative use of technology combined with partnerships with large corporations has allowed it not only increase market share but also become an integral player within Nigeria's digital economy. The company seems poised for continual success by continuing providing access financial services that were once unattainable for the underbanked population.

KwikMoney

KwikMoney is a digital lending platform that provides instant loans to individuals and businesses in Nigeria. The company was launched in 2015 and has since become a popular choice for people who need quick access to cash. In this section, we will take a closer look at KwikMoney, its features, benefits, and drawbacks.

KwikMoney offers loans ranging from N500 to N500,000 with interest rates of 5% to 15% depending on the amount borrowed and the repayment period. The loans are disbursed within minutes of application approval, making it an ideal option for people who need cash urgently.

KwikMoney uses customers' credit scores and banking history to determine their eligibility for loans. One of the unique features of KwikMoney is its partnership with mobile network operators to provide airtime purchase financing.

Customers can buy airtime on credit and pay back later in installments. This feature has proven very popular among mobile phone users in Nigeria.

KwikMoney also offers a savings feature called “Save Money” that allows users to save money directly from their bank accounts or debit cards. Customers can choose how much they want to save daily or weekly, and the money is automatically deducted from their account or card.

However, like all lending platforms, KwikMoney has some drawbacks. The interest rates on loans can be quite high compared to traditional banks' rates, making it expensive over time.

Also, some customers have reported difficulties with loan repayment due to technical glitches on the platform. KwikMoney is an innovative digital lending platform that provides access to quick cash when needed most.

Its airtime purchase financing feature and “Save Money” savings feature offer unique advantages over traditional financial institutions in Nigeria. However, borrowers should carefully consider the costs involved before taking out loans from this platform as interest rates can be quite high compared to other options available.

CredPal

is a Nigerian fintech company that provides users with access to credit and loan facilities. Founded in 2017 by Fehintolu Olaogun and Olorunfemi Jegede, the company has grown rapidly in the Nigerian market, providing consumers with a simple way to access credit without facing traditional barriers. One of the standout features of CredPal is its ability to provide instant loans to users.

Customers can apply for loans through the CredPal mobile app or website, and receive instant feedback on their application status. This streamlined approach makes it easy for customers to get access to funds when they need them most.

Another key feature of CredPal is its focus on affordability. The company offers flexible repayment options that allow customers to pay back their loans over a period of time that works best for them.

With interest rates ranging from 2% – 14%, CredPal ensures that borrowers are not overwhelmed with unaffordable repayments. also partners with a range of merchants across Nigeria, offering consumers an opportunity to buy now and pay later.

Users can make purchases from partner merchants using CredPal’s credit facility, which they then pay back in instalments over time. This has helped boost purchasing power for many Nigerians who may not have had access to such financing previously.

Furthermore, CredPal has invested heavily in technology and data analytics capabilities in order to improve its risk assessment models. The company believes that this will enable it to provide more accurate lending decisions, resulting in better outcomes both for borrowers and lenders alike.

Overall, CredPal’s focus on affordability, flexibility and technology-driven risk assessment make it an attractive option for those seeking credit facilities in Nigeria's thriving fintech industry. Its innovative approach has put it at the forefront of financial inclusion efforts within the country's burgeoning economy.

ThankUCash

is a Nigerian fintech company founded in 2018. The platform provides customers with rewards and cashback for carrying out transactions on the app.

With the aim of promoting financial inclusion, ThankUCash has partnered with several businesses and financial institutions including banks, insurance companies, and e-commerce sites. One of the unique features of ThankUCash is its reward system.

Customers can earn points for performing various activities such as making purchases, paying bills, and referring friends to the platform. These points can then be converted into cash or used to purchase products from partnering merchants.

The platform also has a gamification element where customers can play games to win rewards. ‘s partnership with businesses and financial institutions has enabled it to offer a wide range of services on its app.

These services include airtime top-up, bill payments, fund transfers, and virtual card creation. The company also offers savings plans where customers can save towards their goals and earn interest on their savings.

In addition to its services for individuals, ThankUCash also offers solutions for businesses through its merchant portal. Businesses can use the platform to manage their finances by accepting payments from customers through various channels including QR codes, USSD codes, and online payment gateways.

Customer support is an important aspect of any fintech platform, and ThankUCash has invested in this area by providing various channels for customers to reach out for assistance. Customers can contact support via phone calls or live chat within the app.

Overall, ThankUCash's reward system coupled with its diverse range of services makes it an attractive option for individuals looking to carry out financial transactions while earning rewards at the same time. Its partnerships with businesses have also allowed it to extend its reach beyond just individual users and offer solutions that cater to businesses' needs as well.

Zedvance

is a Nigerian fintech company that provides quick loans to its customers without collateral or guarantors. This company has been in operation since 2018 and has since disbursed over N5 billion loans to its customers. offers loan products for both personal and business purposes, with repayment periods ranging from 1 month to 24 months.

One of the unique features of Zedvance is its use of innovative technology in credit scoring and loan disbursement. The company makes use of big data, machine learning algorithms, and artificial intelligence (AI) to analyze potential borrowers' creditworthiness and determine their ability to repay the loans.

‘s personal loan product is targeted at salary earners who need quick access to cash for emergencies or unexpected expenses. The loans range from N50,000 to N5 million, with interest rates as low as 4% per month.

Customers can apply for the loan online or through the Zedvance mobile app, with disbursement within 24 hours after approval. For businesses looking for funding, Zedvance offers different loan products depending on their needs.

The Small Business Loan is aimed at micro-enterprises with a turnover between N500,000 and N5 million per annum. The Corporate Loan product targets medium-sized enterprises looking for long-term financing solutions.

In all cases, Zedvance's credit risk assessment process ensures that only viable businesses are approved for loans. Zedvance is a leading player in Nigeria's fintech industry with a focus on providing quick loans to individuals and small businesses without collateral or guarantors.

Its innovative credit scoring system allows it to assess potential borrowers' creditworthiness rapidly accurately while ensuring that only viable businesses are approved for loans. With its commitment to customer satisfaction by delivering excellent service delivery through digital means makes it stand out among other Nigerian Fintech companies.

FINT

is a fintech company that provides financial technology solutions to individuals and businesses. Founded in 2018, the company has already made a name for itself in the Nigerian fintech sphere. offers services such as online payment integration, mobile banking solutions, and e-commerce solutions.

The company aims to empower consumers and businesses by providing them with easy access to financial services. One of FINT's key offerings is its payment gateway solution.

This solution allows businesses to accept payments from customers using various channels such as debit/credit cards, bank transfers, and USSD codes. The payment gateway integrates seamlessly with websites, mobile apps, and other digital channels to provide a smooth checkout experience for customers.

also offers fraud detection and prevention measures that help protect merchants from fraudulent transactions. ‘s mobile banking solution is another major offering that has been well-received by consumers in Nigeria.

With this solution, users can open bank accounts from their mobile devices without having to visit a physical branch. The platform also allows users to perform basic banking transactions such as deposits and withdrawals, bill payments, fund transfers, and airtime top-ups.

Users can also view their account balances and transaction history on the app. In addition to its payment gateway and mobile banking solutions, FINT offers e-commerce solutions that enable merchants to sell their products online through various channels such as social media platforms like Facebook and Instagram.

Merchants can create an online store using FINT's e-commerce platform which supports various payment options for customers. has partnerships with several financial institutions in Nigeria including banks and microfinance institutions which enables the company to offer its services on a broader scale across the country.

Overall, FINT is an innovative fintech company that has demonstrated its ability to provide valuable financial technology solutions that meet the needs of individuals and businesses in Nigeria. With continued expansion plans in the works, it will be interesting to see how much further this young company can grow and impact the Nigerian fintech industry.

Kudi

is a Nigerian fintech company that offers financial services via USSD and its mobile app. Founded in 2017, Kudi's primary objective is to make financial inclusion a reality for Nigerians.

The company has strategically placed itself as the financial bridge between the banked and unbanked population. One of Kudi's most prominent features is its ability to provide seamless bill payments services through its mobile app.

By partnering with various service providers, Kudi has made it possible for users to pay their bills using only their phones. The service providers available on the platform range from electricity distribution companies to cable TV providers.

also provides other essential services like funds transfer, airtime recharge, and loan disbursement. Through partnerships with various banks and microfinance institutions, users can receive loans ranging from ₦1,000 to ₦200,000 directly into their Kudi wallets.

These loans are disbursed within minutes of application approval. Another exciting feature of Kudi is its payment gateway integration capabilities.

The platform makes it easy for businesses to accept payments online by integrating payment gateways like Flutterwave, Paystack and Interswitch onto their websites or apps. has experienced tremendous growth since it launched in 2017.

The company raised $5 million in funding after participating in Y Combinator's winter 2018 batch. In October 2020, the fintech company announced that it had processed over $500 million worth of transactions on its platform.

Kudi has positioned itself as a reliable fintech provider in Nigeria by making financial services quickly accessible through its mobile app and USSD code. Its commitment towards achieving financial inclusion among Nigerians has been impressive so far, making it a top choice for many people looking for efficient ways to manage their finances.

Bitnob

is a digital wallet and cryptocurrency exchange platform that enables its users to buy, sell, and store Bitcoin all in one place. Founded in 2018 by Gbolahan Libra, Bitnob has quickly become one of the top fintech companies in Nigeria due to its easy-to-use platform and secure transactions. One of the standout features of Bitnob is its unique “Bitcoin Savings” feature.

This feature allows users to set up a savings plan where they can regularly purchase Bitcoin at a set amount and store it securely on the platform. Users can choose their preferred plan, ranging from daily to monthly purchases, and watch their savings grow as Bitcoin’s value increases over time.

Another advantage of Bitnob is its user-friendly interface. The platform is designed to be intuitive for both experienced crypto traders and beginners alike.

Users can easily navigate between buying, selling, or storing their Bitcoin with just a few clicks. Additionally, Bitnob offers 24/7 customer support through WhatsApp or email for any questions or issues that may arise.

In terms of security measures, Bitnob employs top-notch encryption technology to protect users' data and funds from unauthorized access. All transactions are secured by two-factor authentication (2FA) while storage takes place in an offline cold wallet that cannot be accessed remotely by hackers.

Since its inception, Bitnob has received several accolades within the Nigerian fintech ecosystem. In 2020 alone, the firm was nominated for various awards such as Best Fintech Startup at Pitch@Palace Africa as well as the Next Bull Award at Benzinga Global Fintech Awards.

Bitnob offers Nigerian crypto traders an excellent option for buying/selling/storing Bitcoin with ease while also providing a secure platform for all transactions conducted on it. With its unique “Bitcoin Savings” feature coupled with top-tier security measures and user-friendly interface design features as well as recognition within Nigeria's fintech ecosystem, Bitnob is undoubtedly a force to be reckoned with in the industry.

Alerzo

is a fintech company that provides a platform for users to purchase airtime, data, and pay bills online. The platform is user-friendly and allows for easy navigation, making it a popular choice among Nigerians. In this section, we will explore Alerzo's history, services offered, achievements, challenges faced and future plans.

History: was founded in 2018 by two entrepreneurs: Samuel Eze and Wale Akanbi.

The duo saw the need to simplify the process of purchasing airtime and data by providing an online platform. The company started with just two employees but has since grown to a team of over twenty individuals.

With its headquarters located in Lagos state, Alerzo has been able to expand its services across Nigeria. Services Offered:

The main service offered by Alerzo is the sale of airtime and data bundles. Users can buy airtime for all major telecom providers in Nigeria including MTN, Glo, Airtel and 9mobile.

Additionally, users can also purchase data bundles for these telecom providers at affordable prices on the platform. also provides bill payment services which allow users to settle electricity bills from different distribution companies such as Eko Electricity Distribution Company (EKEDC), Abuja Electricity Distribution Company (AEDC) among others.

Achievements: In its short time of existence, Alerzo has made notable achievements.

The company was recognized as one of Nigeria's top 100 startups by Techpoint Africa in 2020 due to its innovative approach towards improving financial inclusion in Nigeria through the provision of affordable digital financial solutions. Challenges Faced:

Like most fintech companies operating in Nigeria's dynamic business environment, Alerzo faces several challenges that threaten its growth potential. One major challenge faced by the company is power supply which affects their ability to provide uninterrupted service delivery due to frequent power outages that disrupt their operations.

Another challenge faced by Alerzo is the increasing competition within the fintech sector in Nigeria which has led to an influx of new players offering similar services. Future Plans:

To overcome challenges faced, Alerzo plans to partner with electricity distribution companies to address power supply issues. The company also plans to expand its services beyond airtime, data and bill payment by entering into the digital lending space.

This will enable them to provide small loans for individuals and businesses through their platform. Alerzo has made significant strides in providing affordable digital financial solutions since its establishment in 2018.

With a mission to simplify financial transactions in Nigeria, the company has provided an easy-to-use platform that allows users to buy airtime, data bundles and pay bills seamlessly. Although Alerzo faces challenges such as power supply and increasing competition within the fintech sector, their future plans of expansion into digital lending shows great promise for continued growth and success in Nigeria's financial technology space.

PayCentre

is a Nigerian fintech company that provides solutions for digital payments, bill payments, and airtime purchases. Founded in 2017 by an ambitious team of young entrepreneurs, PayCentre has quickly become one of the leading fintech companies in Nigeria.

The company aims to provide financial inclusion to millions of unbanked Nigerians through its innovative platform. One of the key features of PayCentre is its digital wallet service that allows users to store and manage their funds securely.

With this feature, users can easily send and receive money from others who use the PayCentre platform. In addition, users can also make payments for goods and services at merchants who accept PayCentre as a payment option.

To use the digital wallet service, users are required to create an account on the PayCentre app or website. Another service offered by PayCentre is bill payments.

With this feature, users can pay for various bills such as electricity bills, cable TV subscriptions, internet subscriptions, etc., with ease. The process is simple – users select the bill they want to pay on the app or website and enter their payment details.

Once submitted, payment confirmation is received within minutes. Airtime purchases are also available on the PayCentre platform.

Users can buy airtime for any mobile network in Nigeria using their digital wallets or debit/credit cards connected to their accounts on the app or website. This service ensures that users never run out of airtime when they need it most.

operates with strict adherence to regulations set by regulatory bodies such as Central Bank of Nigeria (CBN) and Nigerian Communications Commission (NCC). This guarantees maximum security for all transactions carried out on its platform while providing a seamless user experience.

PayCentre has emerged as one of Nigeria's foremost fintech companies providing innovative solutions that help solve problems related to financial inclusion in Nigeria. With its fast-growing customer base and impressive range of services, it's safe to say that PayCentre is a top contender in the Nigerian fintech space.

Empressa.io

is a relatively new fintech company in Nigeria, founded in 2019. The company's main aim is to provide small business owners with easy access to finance and other financial services that are typically only available to larger businesses. uses technology to simplify the loan application process for business owners, thereby ensuring that they can get loans quickly and easily.

One of the most unique features of Empressa.io is its focus on providing finance and other services to female entrepreneurs. The company recognizes the significant role that women play in driving economic growth, and as such, it has designed its products and services specifically to cater to their needs.

Female entrepreneurs who use Empressa.io can get access to loans of up to N10 million without collateral, which is a significant boost for many women-owned businesses. ‘s loan application process is entirely online, making it convenient for small business owners who may not have the time or resources to visit physical bank branches.

Business owners can apply for loans by visiting the company's website or downloading its mobile app. The application process requires users to provide some basic information about their businesses and financial history.

Another innovative product offered by Empressa.io is its virtual card solution known as ‘Empy card.' The virtual card is linked directly with users' accounts on the platform, allowing them to carry out transactions online securely. Users can use this card for online payments on international websites where traditional Nigerian debit cards don't work.

Overall, Empressa.io provides a viable solution for female entrepreneurs who require quick access to finance without collateral requirements. By leveraging technology, it has been able to create an efficient loan application process that gets funds into customers' hands rapidly while providing added convenience through innovative products like ‘Empy card.' As such, it stands as one of the fastest-growing fintech companies in Nigeria today.

Alkebulan Technology Company

is a Lagos-based fintech company that has been making waves in the Nigerian financial industry. Founded in 2019, the company offers an array of financial technology solutions to businesses and individuals across Africa. Some of their flagship products include AlkebulanPay, AlkebulanLend, and AlkebulanTrade.

AlkebulanPay is a payment gateway solution developed with the aim of providing an easy and secure way for businesses to accept online payments. The platform supports multiple payment methods ranging from debit/credit cards to bank transfers, USSD, and mobile money.

The platform also provides real-time transaction monitoring, automated billing, and fraud detection tools. Another product by Alkebulan Technology Company is AlkebulanLend which is a peer-to-peer lending platform that connects lenders with borrowers in need of funding for personal or business purposes.

The platform leverages machine learning algorithms to determine creditworthiness and risk assessments while ensuring transparency and fairness in the lending process. Borrowers can apply for loans up to N5 million with interest rates starting from as low as 5%.

Additionally, AlkebulanTrade is an e-commerce platform that enables businesses to sell their products online through a fully integrated web store that includes features like inventory management, order fulfillment, shipping tracking, and automated invoicing. The platform also offers analytics tools that provide insights into customer behavior patterns.

has not only been focused on providing innovative solutions but has also been committed to promoting financial literacy among Nigerians. They have initiated several programs aimed at educating individuals on personal finance management such as budgeting and saving techniques.

The company's commitment to innovation earned them a spot on the list of top fintech companies in Nigeria. With their innovative products and services coupled with their dedication towards fostering financial inclusion across Africa through education initiatives; it's no surprise that they are gaining popularity in the fintech space within Nigeria.

Surepayy

is a digital payment platform that allows users to pay bills, transfer funds, and make online purchases. The platform was founded in 2018 by Babatunde Akinloye, and it has quickly gained popularity among Nigerians due to its ease of use and convenience. In this section, we will explore the features of Surepayy that have made it a popular fintech company in Nigeria.

One of the key features of Surepayy is its ability to allow users to pay bills directly from their bank account. This means that users can easily pay for their electricity bills, cable TV subscriptions, and other bills without having to physically visit the payment center or queue up at an ATM.

This feature saves users time and eliminates the need for them to carry cash around. Another important feature of Surepayy is its user-friendly interface.

The app is designed with a simple layout that makes it easy for even non-tech-savvy individuals to navigate. Users can easily transfer funds between bank accounts or make payments by simply entering the beneficiary's details on the app.

also offers competitive exchange rates for currency conversions. Users can easily convert their local currency into foreign currencies at competitive rates using Surepayy's platform.

This feature is particularly useful for travelers who need foreign currency on short notice. The security of users' information and transactions is a top priority for Surepayy.

The platform uses advanced encryption technology to protect users' personal information and financial data from unauthorized access or theft. Additionally, all transactions on the app require two-factor authentication before they can be completed.

Surepayy has proven to be a reliable digital payment platform in Nigeria due to its ease of use, competitive exchange rates, user-friendly interface, and robust security measures. As Nigeria continues to embrace digital payments as a viable alternative to traditional banking methods, companies like Surepayy are well-positioned for growth in the coming years.

Trove Finance

is a digital platform that provides investment opportunities to its users. The platform allows users to invest their money in various asset classes, including stocks, mutual funds, bonds, and real estate. was founded in 2018 by Oluwatomi Solanke, Desayo Ajisegiri, and Onyeka Akumah.

One of the key features of Trove Finance is its user-friendly interface that allows even people with no prior experience in investing to easily navigate the platform. Users can easily set up their investment accounts on Trove Finance and start investing with as little as N1,000 ($2.60).

Additionally, the platform provides users with real-time market updates and investment insights to help them make informed decisions about their investments. Another unique aspect of Trove Finance is its focus on fractional investing.

This means that users can buy fractional shares of stocks or other assets instead of having to purchase full shares. This makes it easier for smaller investors to diversify their portfolios without having to spend a lot of money upfront.

also offers a feature called “AutoPilot” which enables users to automate their investments based on predefined criteria such as risk appetite or asset class preference. This feature takes away the stress and time required for continuous monitoring of one's portfolio while still ensuring maximum returns.

In terms of regulation and security, Trove Finance is licensed by the Nigerian Securities and Exchange Commission (SEC) as a digital sub-broker under Chaka Technologies Limited. It also uses bank-grade security measures such as two-factor authentication (2FA) to protect user data from unauthorized access.

Overall, Trove Finance is an innovative fintech company that has made investing accessible and convenient for everyone regardless of income bracket or previous experience in investing. With its user-friendly interface, low entry barriers, fractional investing options and automated features like AutoPilot mode etc., it has become a popular choice among Nigerian investors looking to grow their wealth.

drivt

is a fintech company in Nigeria that has gained a lot of traction since it was founded. The platform aims to revolutionize the way car owners and drivers interact with insurance companies in Nigeria.

was founded by Co-founders – Olusegun Adeyemi, Wisdom Enang, and Edwin Obiagwu in 2018. The company has since raised $150k in seed funding from Ventures Platform.

One of the main problems faced by car owners and drivers in Nigeria is the difficulty involved when trying to purchase an insurance policy for their cars. Often times, it's expensive and time-consuming to buy an insurance policy that provides adequate coverage.

aims to solve this problem by providing a platform that allows car owners and drivers to purchase affordable and comprehensive insurance policies. partners with some of the biggest insurance companies in Nigeria such as AXA Mansard, AIICO Insurance, NEM Insurance, STACO Insurance Company etc., making it easy for car owners and drivers to browse different policies from one place.

What's more interesting about Drivt is its focus on creating a seamless user experience through its mobile app which can be downloaded on both App store or Google Play Store. The app not only allows users to purchase policies but also enables them access road assistance services such as towing or fuel delivery service 24/7.

Overall, Drivt provides an innovative solution within the Nigerian market that caters directly to the needs of car owners and drivers while making purchasing car insurance quick and easy for everyone involved. With more investments pouring into this sector recently, it will be interesting to see how other players compete alongside Drivt as they continue scaling their operations across Nigeria.

Q Corporation

is a fintech company that is focused on providing innovative solutions for mobile payments. The company has developed a proprietary technology that enables customers to make payments using their mobile phones.

‘s mobile payment platform is designed to be user-friendly and has an intuitive user interface that makes it easy for customers to make transactions. One of the key features of Q Corporation's mobile payment platform is its security features.

The company uses state-of-the-art encryption technology to protect customer data and ensure that all transactions are secure. Additionally, the platform has been designed with multi-factor authentication protocols, which adds another layer of security to the payment process.

Another unique feature of Q Corporation's mobile payment platform is its scalability. The technology can handle millions of transactions per day, making it ideal for large-scale applications such as e-commerce and bill payments.

In addition to its mobile payment platform, Q Corporation also offers a range of other services including financial management solutions, e-commerce platforms, and customized software development. The company works closely with its clients to understand their needs and develop tailored solutions that meet their specific requirements.

Overall, Q Corporation is an innovative fintech company that provides cutting-edge solutions in the area of mobile payments. With its focus on security, scalability, and customization, the company is well-positioned to take advantage of the growing demand for digital financial services in Nigeria and beyond.

Farm Crowdy

is a Nigerian agritech platform that connects farmers with investors. Founded in 2016 by Onyeka Akumah and co-founder Ifeanyi Anazodo, the platform aims to empower smallholder farmers whilst providing a profitable investment opportunity for individuals. The company uses technology to aggregate funds from people, which are then used to finance agricultural projects across Nigeria.

has worked with over 25,000 farmers across 16 states in Nigeria and has provided them with seed funding, training, and access to an extended network of partners. Through its mobile app and website, Farm Crowdy provides investors with detailed information on farm projects they can invest in.

Investors can choose the type of crops they want to invest in, track the progress of their investments, and receive returns on their investment at harvest time. has partnered with global players such as World Bank’s International Finance Corporation (IFC) and MasterCard Foundation.

The company also received an additional $1m funding from Cox Enterprises through its accelerator program “Social Impact Accelerator.” Cox Enterprises is a global conglomerate that owns media businesses like television stations, radio stations, newspapers. With its innovative model for empowering smallholder farmers through technology-enabled finance solutions,Farm Crowdy was named Agtech Company of the Year at the 2019 Nigeria Technology Awards (NITA), and was also listed among Fast Company's Most Innovative Companies for 2020 in Africa.

Farm Crowdy is one of the leading agritech platforms in Nigeria that has made a significant impact on smallholder farmers by providing them access to financing and greater opportunities for growth. By leveraging technology to connect investors with agricultural projects across Nigeria,Farmcrowdy has successfully created a sustainable business model that benefits all stakeholders involved.

Wealth.ng

is a digital wealth management platform founded in 2016 by Adetayo Bamiduro and Segun Adaju. The platform was created to democratize access to investment opportunities and enable Nigerians to easily invest in high-yielding financial instruments. provides investment opportunities in government bonds, treasury bills, and other fixed-income securities.

It also offers access to mutual funds managed by some of the best fund managers in the country. With Wealth.ng, investors can start investing with as little as N1000 which makes it an accessible investment platform for everyone.

One of the unique features of Wealth.ng is its bespoke portfolio management service where clients can receive personalized investment advice from wealth advisors. The wealth advisors use a proprietary algorithm that analyzes clients' financial data to recommend optimal investment portfolios.

has a user-friendly mobile app that enables clients to invest on-the-go. Investors can monitor their portfolio performance, view transaction history and receive real-time updates on their investments through the app.

The mobile app is available for download on both Android and iOS platforms. The security of client funds is paramount at Wealth.ng which is why it partners with reputable financial institutions such as United Bank for Africa(UBA), Access Bank Plc, Sterling Bank Plc., among others, as custodians for its clients' assets.

also utilizes top-notch security protocols such as two-factor authentication (2FA) and SSL encryption to safeguard customer data. Wealth.ng stands out among other fintech companies in Nigeria with its innovative offerings ranging from fixed-income securities to mutual funds investments using technology-enabled solutions which create value for both retail savers and institutional investors alike while delivering returns that beat inflation consistently over time while minimizing risks associated with investing in capital markets products.

Quidax

is a Nigerian cryptocurrency exchange platform that was launched in August 2018. It allows users to buy and sell cryptocurrencies such as Bitcoin, Ethereum, Ripple and Litecoin using Naira, the local currency in Nigeria. The platform aims to make it easy for Nigerians to access cryptocurrencies by simplifying the process of buying and selling them.

One of the key features of Quidax is its user-friendly interface. The platform is designed to be easy-to-use for both beginners and experienced traders.

The user interface is intuitive, making it simple for users to navigate through the different sections of the website or mobile app. Additionally, Quidax provides educational resources such as articles and videos that help users understand how cryptocurrency trading works.

Another feature that sets Quidax apart from other cryptocurrency exchange platforms is its customer support. The company has a dedicated customer support team that responds promptly to inquiries from customers via email or live chat.

Users can also reach out through social media handles like Twitter or Instagram where they are active. has also taken measures to ensure the security of its users' funds on the platform.

It uses industry-standard security protocols such as two-factor authentication (2FA) and SSL encryption technology to protect user accounts from unauthorized access or hacking attempts. The company also offers a referral program where users can earn commission by inviting friends to sign up on the platform and trade crypto assets on their account.

This incentivizes existing users to invite new ones which in turn helps Quidax grow its customer base. Quidax presents an exciting opportunity for Nigerians looking to buy or sell cryptocurrencies using Naira without dealing with complex processes involved with international transfers; As well as providing an avenue for people who want “in” on cryptocurrency but aren't confident enough with traditional exchanges predominantly used globally like Coinbase which doesn't support Nigeria yet as at now (2021).

NaijaFund

is a crowdfunding platform that connects investors with small and medium-sized businesses (SMEs) in Nigeria. The platform was founded in 2016 by two Nigerian entrepreneurs, Abubakar Suleiman and Simi Adejumo. According to the company's website, NaijaFund aims to “unlock access to capital for SMEs across Nigeria.” In this section of the article, we will explore NaijaFund's mission, business model, and impact on the Nigerian fintech ecosystem.

‘s mission is to democratize access to finance for SMEs in Nigeria. The platform allows these businesses to raise funds from a large pool of individual investors who are interested in supporting local entrepreneurs.

also provides tools and resources that help SMEs grow their businesses and become sustainable over time. Through its online portal, entrepreneurs can create profiles for their businesses, present their business plans and financial projections, and upload videos or photos that showcase their products or services.

In terms of its business model, NaijaFund operates as an intermediary between investors and SMEs. The platform charges a fee on each transaction made on its site.

This fee covers the costs of operating the platform, including verifying the identity of investors and performing due diligence on SMEs before they are listed on the site. One way in which NaijaFund has had an impact on the Nigerian fintech ecosystem is by providing a new source of funding for small businesses.

Prior to the emergence of crowdfunding platforms like NaijaFund, many small businesses struggled to obtain financing from traditional sources such as banks or venture capitalists. Crowdfunding platforms offer an alternative avenue for these businesses to obtain capital without having to navigate complex regulatory frameworks or meet stringent underwriting requirements.

Another way in which NaijaFund has had an impact is by fostering greater transparency in the investment process. By allowing investors to directly support local SMEs, the platform creates a sense of accountability and transparency that is often lacking in traditional funding models.

Investors can track the progress of their investments over time and receive regular updates from SMEs on how their businesses are performing. NaijaFund is an innovative fintech platform that is helping to democratize access to finance for SMEs in Nigeria.

By providing a new source of funding and fostering greater transparency in the investment process, NaijaFund is helping to create a more inclusive financial ecosystem in which small businesses can thrive. As the Nigerian fintech sector continues to grow and evolve, platforms like NaijaFund will likely play an increasingly important role in shaping its future direction.

Patricia.com

is a Nigerian fintech startup that aims to provide easy and secure access to cryptocurrency. The platform allows users to buy, sell and store cryptocurrencies such as Bitcoin, Ethereum, and Litecoin. Founded in 2017 by Fejiro Hanu Agbodje, the company has quickly become one of the leading players in Nigeria's crypto market.

One of the standout features of Patricia.com is its simplicity and user-friendly interface. The platform offers a seamless onboarding process that allows customers to set up their accounts quickly and easily.

This ease of use has been crucial in attracting new customers to the platform, especially those who are new to cryptocurrencies. Another key feature of Patricia.com is its focus on security.

Cryptocurrencies are notoriously vulnerable to hacking attacks, but Patricia.com has implemented robust security measures to protect its users' assets. The platform uses two-factor authentication (2FA) for all transactions, ensuring that only authorized individuals can access their accounts.

also offers a range of payment options to make it easier for customers to buy and sell cryptocurrencies. Users can fund their accounts using bank transfers or debit cards, while withdrawals can be made directly into bank accounts or via mobile money platforms.

In addition to its core services, Patricia.com has also launched several other products aimed at improving financial inclusion in Nigeria. These include an e-commerce platform that allows merchants to accept payments in cryptocurrencies and a remittance service that enables Nigerians living abroad to send money back home easily and at low cost.

Overall, Patricia.com's focus on simplicity, security and financial inclusion have made it one of the most popular fintech startups in Nigeria's crypto market. With plans underway for further expansion into other African countries, it looks set to continue making waves across the continent's fintech scene.

Renmoney

is a fintech company in Nigeria that provides loans to salary earners. The company has been in existence since 2012 and has provided over $55 million in loans to over 250,000 customers. offers personal loans, business loans, and fixed deposit investments.

In this section, we will take a closer look at the offerings of Renmoney. Personal Loans:

offers personal loans to all salary earners who earn a minimum of ₦25,000 per month. The loan ranges from ₦50,000 to ₦6,000,000 with flexible repayment plans of up to 24 months.

The application process is simple and can be completed online or at any of their branches across Nigeria. Customers can also access top-up loans after successful repayment.

Business Loans: In addition to personal loans, Renmoney also provides business loans for SMEs in Nigeria.

Business owners can access up to N20m with a repayment plan of up to 12 months with flexible interest rates depending on the applicant’s risk score or collateral amount. Fixed Deposit Investments:

also offers fixed deposit investments that allow individuals and businesses to earn competitive returns on their funds for periods ranging from three months to one year. Customers have the option of withdrawing funds before maturity at a penalty fee.

The minimum investment amount is ₦100,000. Mobile App:

For convenience and ease-of-accessibility purposes, RenMoney launched its mobile app which enables customers manage their loan repayments as well as apply for new loan services seamlessly through their smartphones. Credit Life Insurance Plan:

The Credit Life Insurance Plan offered by RenMoney safeguards its customers against unforeseen circumstances that may prevent them from repaying their loans such as loss of employment or death (for life insurances). This insurance policy protects both customer’s loved ones and helps reduce credit risks for both parties involved.

has remained committed towards providing financial services to its customers in a secure, fast, and convenient way. With its wide range of loan offerings, competitive interest rates, and user-friendly application process, Renmoney is a top player in the Nigerian fintech market.

ALAT

is a mobile and digital banking platform designed by Wema Bank, one of the oldest banks in Nigeria, to satisfy all banking needs without visiting a physical branch. was launched in May 2017 as the first fully digital bank in Nigeria, and it has gained a significant level of traction since its launch.

One of the most exciting features of ALAT is that it allows users to open accounts within minutes by using their BVN and other personal information. This feature eliminates the need for people to visit physical branches during account opening, making it more convenient for customers.

After opening an account on ALAT, users can perform various banking transactions such as fund transfers, bill payments, airtime purchases, and many others. Another notable feature of ALAT is its ability to provide virtual dollar cards for customers who want to make online purchases in foreign currencies.

The virtual card can be created within seconds on the app without visiting a branch or filling any form. This feature is beneficial for those who frequently shop on international websites but do not own a foreign currency account.

Additionally, ALAT provides an innovative feature known as “Stash” that allows users to save money automatically based on preset rules. With Stash, users can save money regularly without even thinking about it.

They can set Stash to automatically deduct funds from their accounts daily or weekly towards achieving specific financial goals like buying a car or saving for retirement. The app also offers an overdraft facility where eligible customers could borrow up to N200k at zero percent interest rate within 24 hours without collateral or paperwork.

The borrower only has to repay within 30 days with no additional hidden charges or fees attached. ALAT remains one of the top fintech companies in Nigeria with numerous innovative features aimed at providing seamless digital banking services across board.

Its user-friendly interface combined with cutting-edge technology has made banking easier and more accessible than ever before – all from the comfort of their mobile devices. With over 500,000 downloads on Android and IOS platforms, ALAT has indeed contributed significantly to the growth of fintech in Nigeria.

Kolopay

is a Nigerian fintech company that offers financial services and solutions to individuals and small businesses. The company provides a simplified online payment platform that allows customers to make payments, pay bills, transfer money, and purchase airtime seamlessly. ‘s mission is to revolutionize the payment system in Nigeria by making it simple and accessible to everyone.

One of the unique features of Kolopay is its mobile wallet service. Customers can store money in their Kolopay mobile wallet account and use it for various transactions such as paying bills, buying airtime or data, sending money, and more.

The mobile wallet also gives users access to credit facilities as they can borrow from the platform when needed. This feature has made it easier for individuals who do not have bank accounts or access to conventional credit facilities.

Another significant feature of Kolopay is its merchant solution that helps small businesses accept payments from their customers. Small business owners can sign up for a merchant account on the Kolopay platform to receive payments through debit or credit cards, bank transfers or USSD codes without having to invest in expensive Point of Sale (POS) machines.

This feature has helped many small businesses grow by increasing their customer base through easy access to digital payment options. also offers an international remittance service that enables Nigerians living abroad to send money back home instantly using their debit card or bank account.

The service provides competitive exchange rates and low transaction fees making it more affordable than traditional remittance services. To ensure safety and security on its platform, Kolopay uses advanced encryption technology that protects user's personal information from unauthorized access or fraudsters who may try to steal sensitive data while making transactions on the platform.

Kolopay has made significant strides in providing innovative financial solutions for Nigerians both at home and abroad through its range of products including mobile wallets, merchant services, international remittances among others. The company has positioned itself as a key player in the Nigerian fintech industry, providing users with convenience, reliability, and safety in their digital payment transactions.

Farmkart

is a Nigerian fintech company that aims to revolutionize the agricultural industry by providing small-scale farmers with access to finance, markets, and other essential resources. The platform offers a range of services that help farmers to increase their yields and improve their incomes, including digital credit, agricultural inputs, marketing support, and advisory services.

One of the key features of Farmkart's platform is its digital credit service. Through partnerships with financial institutions and other lenders, the company provides farmers with access to affordable loans that can be used to purchase seeds, fertilizers, and other inputs.

These loans are disbursed digitally via mobile money or bank transfer and can be repaid over flexible terms. In addition to digital credit, Farmkart also provides farmers with access to high-quality agricultural inputs such as seeds and fertilizers.

The company works with a network of suppliers across Nigeria to source these inputs at competitive prices and pass on the savings to farmers. This not only helps farmers to improve their yields but also reduces their input costs.

also provides marketing support for small-scale farmers through its platform. The company partners with off-takers such as food processing companies and exporters to connect farmers directly with buyers in local and international markets.

This ensures that farmers are able to sell their produce at fair prices without having to go through middlemen who may exploit them. Farmkart offers advisory services for small-scale farmers through its platform.

This includes training on best practices for crop production as well as guidance on market trends and pricing information. By providing this kind of support, Farmkart aims to empower small-scale farmers in Nigeria by giving them the knowledge they need to make informed decisions about their businesses.

Overall, Farmkart is a promising fintech company that has the potential to transform agriculture in Nigeria by providing small-scale farmers with access finance and other key resources they need for success in this critical sector of the economy. With its innovative business model focused on empowering farmers, Farmkart is one to watch in the coming years.

Paylater

is a Nigerian fintech that was founded in 2016 with the aim of providing access to credit for individuals and small businesses. The platform allows users to apply for loans online, which are then disbursed instantly if approved.

With over 1 million users, Paylater has become one of the leading providers of digital lending services in Nigeria. One of the key features of Paylater is its speed and convenience.

The application process is entirely online and can be completed within minutes. Users can apply for loans ranging from ₦5000 to ₦500,000 with repayment periods from 2 weeks to 12 months.

Once approved, funds are disbursed to the borrower’s account instantly, which makes it an excellent option for anyone looking for quick access to credit. also offers a flexible repayment structure that caters to different user needs.

Users can choose between weekly or monthly repayments depending on their preference and financial situation. Furthermore, there are no hidden fees or charges associated with using Paylater’s services as all costs are clearly stated upfront before any loan is granted.

Another advantage of using Paylater is its use of data-driven lending technology that helps ensure responsible borrowing practices. The platform uses machine learning algorithms and data analytics tools to assess borrowers’ creditworthiness accurately, making it easier for users without a financial history or collateral to access funds.

Paylater has a user-friendly mobile app that allows users to manage their loans easily. Through the app, users can apply for loans, view their payment history, check their loan balance and make repayments conveniently from their mobile devices.

Paylater has emerged as one of Nigeria's top fintech companies due to its speed, flexibility and innovative approach towards lending services in Nigeria. Its use of data analytics tools ensures responsible borrowing practices while providing quick access to credit through its user-friendly platform and mobile app interface makes it an excellent option for anyone looking for digital lending services in Nigeria.

OKash

is a fintech company that was launched in Nigeria in 2018. It is a micro-lending platform that provides quick and easy loans to individuals who need short-term financing. The company offers loans ranging from ₦3,000 to ₦50,000 with interest rates between 5% and 25%, depending on the borrower’s creditworthiness.

One of the most attractive features of OKash is its fast loan application process. Customers can apply for a loan in just a few minutes using their mobile devices after downloading the OKash app.

The app uses artificial intelligence (AI) and machine learning algorithms to analyze borrowers' data such as their bank account transactions, SMS data, phone call logs, and other behavioral information to determine their creditworthiness. Additionally, OKash has developed an innovative credit scoring system that assesses borrowers' risks based on multiple factors such as repayment history, income level, and education level.

The more reliable the borrower's information appears according to this analysis, the higher the chances they have of being approved for a loan. has been successful in providing Nigerians with quick access to affordable loans without requiring collateral or complicated application processes.

Many users have praised OKash for its transparency and simplicity compared to traditional financial institutions. However, some critics argue that OKash's high-interest rates make it difficult for some borrowers to repay their loans on time.

To address this issue, OKash recently introduced an extension feature where customers can get additional time to repay their loans by paying a small fee. Overall, OKash has proven itself as one of Nigeria's leading fintech companies with its unique lending approach that addresses customers' urgent financial needs promptly while prioritizing transparency and ease of use.

Terrapay

is a global payments network that enables faster, cheaper and more secure cross-border transactions. operates in more than 100 countries, with a strong presence in Africa, Asia and Europe. The company's innovative technology platform allows users to send money to any bank account, mobile wallet or cash pick-up location in the world.

One of Terrapay's core strengths is its focus on financial inclusion. The company has developed partnerships with leading banks, mobile network operators and payment service providers to reach underserved communities across the globe.

For example, Terrapay has partnered with several Nigerian banks to provide instant money transfers to their customers. offers a wide range of payment services including domestic and cross-border remittances, bill payments, merchant payments and airtime top-ups.

The company's innovative technology platform allows users to send money using just their mobile phone number or email address. This makes it easy for customers who do not have a bank account or do not want to go through the hassle of filling out lengthy forms.

Another key advantage of Terrapay is its low fees and competitive exchange rates. The company charges a flat fee for most transactions, which is much lower than traditional remittance providers like Western Union or MoneyGram.

In addition, Terrapay offers real-time exchange rates that are updated every few seconds based on market conditions. Overall, Terrapay is a leading player in the fintech space in Nigeria and beyond.

With its focus on financial inclusion and innovative technology platform, the company is well positioned for growth in the years ahead. Whether you need to send money across borders or pay bills online, Terrapay provides fast, secure and affordable payment solutions for everyone.

Chipper cash

is a fast-growing fintech company that specializes in providing cross-border payments across Africa. The platform was launched in 2018 and has since then grown to become one of the leading digital payment platforms in Nigeria.

One of the unique features of Chipper Cash is that it allows users to send and receive money across different African countries without the need for a bank account. The platform has gained popularity among Nigerians due to its efficiency, security, and convenience.

With Chipper Cash, users can easily make payments, split bills, and transfer funds to friends and family within seconds. Additionally, the platform offers competitive exchange rates for currency conversions.

Another advantage that Chipper Cash offers is its zero transaction fees policy. This means that users do not have to pay any fees for transactions made on the platform.

This has made the platform a go-to option for many people who are looking for affordable ways to send money across borders. In addition to their regular services, Chipper cash also offers a business account option designed specifically for small businesses in Nigeria.

Through this service, businesses can accept local payments from customers within Nigeria as well as cross-border payments from other African countries. has received several awards and recognition over the years.

In 2020, it was named as one of TIME Magazine's 100 most influential companies globally, highlighting its impact on financial services in Africa. The company has also raised significant funding from reputable investors such as Jeff Bezos' foundation – Bezos Expeditions – among others.

Overall, Chipper Cash has proven itself to be a reliable and innovative digital payment solution provider in Nigeria's fintech industry. Its unique cross-border payment options coupled with zero-transaction fees policy have made it popular among both individual users and small businesses alike.

Sumo Trust

is a Nigerian fintech company that offers users the ability to save and invest their money in different portfolios. The company was founded in 2018 by three individuals: Adetayo Bamiduro, Damilola Jegede, and Oluwatoyin Akinbote. has received funding from several investors, including BoostVC and Microtraction.

The platform has grown rapidly since its inception, with over 10,000 registered users. The platform offers a variety of investment options for its users.

One of the most popular is the Sumo Stash account, which allows users to save towards a specific goal. Users can set up automatic transfers from their bank accounts to their Sumo Stash accounts on a weekly or monthly basis.

The account also offers up to 10% interest per year on funds saved. Another investment option offered by Sumo Trust is the Sumo Invest account, which allows users to invest in different portfolios based on their risk tolerance level.

Users can choose between conservative, moderate, or aggressive portfolios depending on how much risk they are willing to take on with their investments. also offers a feature called “Sumobots,” which are automated investment algorithms that help users make better investment decisions based on market trends and data analysis. These algorithms monitor market trends and make adjustments to users’ portfolios as needed to maximize returns.

One unique aspect of Sumo Trust is its social savings feature called “Sumosave.” This feature allows friends or family members to contribute towards a shared savings goal through the Sumo Trust app. This can be useful for things like group vacations or other shared expenses where everyone wants to contribute equally towards the cost.

Sumo Trust is an innovative Nigerian fintech company that offers a variety of investment options and features for its users. With over 10,000 registered users and growing funding support from investors, it’s clear that this platform is making a significant impact on the Nigerian fintech industry.

Amplify

is a Nigerian fintech company that offers digital lending and investment solutions to individuals and small businesses. The platform provides access to a range of financial products, including loans, savings accounts, and investment opportunities.

was founded in 2019 by Segun Adeyemi and is headquartered in Lagos. One of the key features of Amplify is its digital lending platform, which enables users to apply for loans quickly and easily using their smartphones.

The platform offers both personal and business loans with flexible repayment terms and competitive interest rates. Users can apply for loans on the Amplify website or through the mobile app, which is available for both iOS and Android devices.

In addition to its lending services, Amplify also offers savings accounts that allow users to earn interest on their deposits. The platform partners with several banks in Nigeria to offer insured savings accounts with competitive interest rates.

Users can deposit funds into their Amplify savings account through the mobile app or by visiting one of the partner banks. Another key offering from Amplify is its investment platform, which provides users with access to a range of investment opportunities.

The platform partners with several investment companies in Nigeria to offer mutual funds, stocks, bonds, and other investment products. Users can easily invest in these products through the Amplify website or mobile app.

has gained popularity among Nigerians due to its user-friendly interface and innovative financial solutions. The company has attracted significant investments from venture capitalists since its inception, including a $1 million seed funding round led by Global Ventures in 2020.

Overall, Amplify represents an exciting development in Nigeria's fintech industry as it continues to provide users with convenient access to financial products that were previously only available through traditional banking channels. With its focus on digital lending, savings accounts, and investments platforms tailored towards providing customized services based on customer needs; it seems clear that this Nigerian fintech company will continue growing rapidly over time.

Chatpay

is a leading fintech company in Nigeria that provides an easy and convenient way for users to conduct financial transactions. Developed by Jamborow, Chatpay offers a chat-based platform for users to access a variety of financial services such as payments, loans, savings, and investments.

One of the key features of Chatpay is its user-friendly interface. The platform’s chat-based system allows users to easily navigate the app without any technical knowledge.

Users can simply chat with the virtual assistant, who guides them through the different services available on the app. Another notable feature of Chatpay is its focus on security.

The company uses advanced encryption technologies to protect user data and ensure that all financial transactions are secure. Additionally, Chatpay also incorporates biometric authentication methods such as fingerprint recognition and facial recognition to add an extra layer of security.

In terms of payment options, Chatpay supports a variety of payment methods including bank transfers, mobile payments and card payments. This makes it easy for users to make payments at their convenience.

Moreover, Chatpay also offers savings options with competitive interest rates that allow individuals to save money effortlessly. In addition to this, Chatpy also provides investment opportunities that allow individuals to invest in businesses or startups using the platform.

Overall, Chatpay’s user-friendly interface coupled with its commitment to security make it one of the most trusted fintech companies in Nigeria. Its wide range of financial services makes it ideal for individuals looking for convenience and efficiency when transacting online.

Cowriepay

is a fintech company in Nigeria that offers payment solutions to both individuals and businesses. The company was founded in 2018 by Razaq Ahmed, and it has rapidly grown to become one of the most popular payment platforms in Nigeria.

has distinguished itself from other payment platforms by offering innovative products such as its Cowrie Card, which is a virtual card that can be used for online transactions. One of the key features of Cowriepay is its simplicity and ease of use.

The platform allows users to make payments using their mobile phones, without the need for any physical cash or payment cards. This has made it very convenient for users who prefer to carry out transactions on-the-go.

With Cowriepay, users can pay bills, purchase airtime and data plans, transfer funds to other users, and even make payments for goods and services purchased online. Another unique feature of Cowriepay is its integration with other financial institutions in Nigeria.

The platform allows users to link their bank accounts with their Cowrie wallets, making it easy for them to transfer funds between accounts seamlessly. Additionally, businesses can also integrate with Cowriepay's API to accept payments on their websites or mobile applications.

Cowrie Card is another innovative product offered by Cowriepay. The virtual card operates just like a regular debit card but is entirely digital and can be used for online transactions.

Users can create multiple cards with different funding sources and transaction limits depending on their needs. In terms of security, Cowriepay employs the latest encryption technologies to protect user information from unauthorized access or fraud attempts.

Users are also required to verify their identities before they can use the platform fully. Cowriepay has built a reputation as one of the most reliable fintech companies in Nigeria offering simple yet innovative payment solutions that cater effectively to both individuals and businesses alike.

Its integration with other financial institutions and its Cowrie Card have set it apart from other payment platforms in the country. The platform's security features also make it a trusted and secure payment method for users.

Chams Mobile

is a FinTech company that specializes in the provision of secure, innovative and intelligent identity management solutions. They have created a range of products that cater to various sectors such as financial services, telecommunications, government agencies, healthcare providers and educational institutions. Some of the notable solutions under Chams Mobile include e-Payment Systems, Identity Management Systems, Card Management Systems and Mobile Ticketing Solutions.

One of Chams Mobile's flagship products is their e-Payment system which is designed to provide secure and reliable payment processing services. This platform allows users to make payments for various products and services using their mobile phones or any other electronic device that is connected to the internet.

The system supports multiple payment channels such as cards (debit/credit), bank accounts (via direct debit) and mobile wallets. This solution has proven to be very popular with retail customers as well as corporate clients who are looking for an efficient way to collect payments from their customers.

Another key product under Chams Mobile's portfolio is their Identity Management System (IDMS). This platform provides organizations with a centralized way of managing their employees' identities across multiple applications.

The system supports various authentication methods such as biometrics (fingerprints/face recognition), smart cards and tokens. With this solution, organizations can achieve higher levels of security while also reducing operational costs associated with managing multiple identities for each employee.

also offers Card Management Systems (CMS) which provides organizations with an end-to-end solution for managing all aspects of card issuance including personalization, encoding, printing and distribution. The solution supports both physical (plastic) and virtual cards which can be used for various applications including payment processing, access control systems and loyalty programs.

Mobile Ticketing Solution is another innovative product offered by Chams Mobile that enables users to purchase tickets using their mobile devices. This platform eliminates the need for physical tickets which can be easily lost or stolen.

The system allows event organizers to manage their ticket sales more efficiently while also reducing the incidence of fraud. is an innovative FinTech company that has positioned itself as a leading provider of identity management solutions.

Their range of products cater to various sectors and have been embraced by both retail and corporate clients. With their continued focus on innovation, Chams Mobile is poised to remain a major player in Nigeria's vibrant FinTech ecosystem.

Kiakia

is a leading digital lending platform in Nigeria that provides individuals and small businesses with quick and easy access to loans. The platform was founded in 2016 by Olajide Abiola and was designed to provide a fast, transparent, convenient, and affordable way for people to access credit.

uses advanced algorithms and machine learning models to assess the creditworthiness of borrowers and determine the appropriate loan amount and interest rate. One of the unique features of Kiakia is its fully automated loan application process that allows customers to apply for loans online without having to physically visit a bank or fill out lengthy application forms.

Customers can apply for loans on the platform within minutes by providing their personal information, employment details, bank statements, and other relevant documents. ‘s advanced technology analyzes this data in real-time using complex algorithms that take into account factors such as credit history, income levels, debt-to-income ratio, among others.

offers different types of loans including personal loans, business loans, agriculture loans, education loans among others. The platform makes it easy for customers to choose the type of loan they need by providing detailed information about each type of loan on its website.

Customers can also use the loan calculator tool on the website to estimate how much they will be required to pay back based on the amount borrowed. Another unique feature of Kiakia is its flexible repayment options which are designed around customer convenience.

Borrowers can repay their loans weekly or monthly depending on what works best for them. Additionally, Kiakia charges low-interest rates compared to traditional banks making it an attractive option for many borrowers.

Kiakia has revolutionized digital lending in Nigeria by leveraging advanced technology and an innovative business model that makes it easy for individuals and small businesses to access affordable credit quickly. The company's commitment to transparency and customer satisfaction has earned it a reputation as one of Nigeria's leading fintech companies.

Mytradebook

is a fintech company based in Lagos, Nigeria. It was founded with the aim of simplifying and digitizing intra-African trade by connecting buyers and sellers across the continent.

The company provides a secure and reliable platform where African businesses can buy and sell products with ease. One of the unique features of Mytradebook is the platform’s ability to provide real-time information about the availability of products, prices, and delivery times across Africa.

This feature helps businesses make informed decisions about purchases and reduces the risk of delayed or failed transactions. The platform also offers a secure payment system that protects both buyers and sellers from fraud.

has a team of experienced professionals who are dedicated to providing quality service to customers. The company has a user-friendly interface that allows businesses to navigate easily through the platform.

also offers customized solutions for specific business needs such as logistics, financing, insurance, and legal services. In addition to its core operations, Mytradebook has formed strategic partnerships with various organizations in Africa such as Nigeria Export Promotion Council (NEPC), Nigerian Association of Chambers of Commerce Industry Mines & Agriculture (NACCIMA), African Development Bank (AfDB), among others.

These partnerships have enabled Mytradebook to expand its reach across Africa by providing comprehensive market intelligence reports for various industries. Furthermore, Mytradebook has been recognized for its outstanding contributions to intra-African trade by receiving several awards such as “Best e-Commerce Platform” at Nigeria Technology Awards 2018 and “Innovation in Trade” award at GTR West Africa conference 2019.

These accolades attest to the company’s commitment towards promoting trade within Africa while providing innovative solutions for businesses. Mytradebook is an innovative fintech company that is transforming intra-African trade by providing a reliable platform where businesses can connect seamlessly.

The company’s commitment towards promoting trade within Africa while providing innovative solutions has earned it several awards and recognition in the industry. With the continued expansion of its operations, Mytradebook is poised to become a major player in the African market.

Wallet.ng

is an innovative fintech company in Nigeria that provides individuals with a seamless experience for financial transactions without the need for a physical bank. The company was founded in 2016 by John Oke and provides users with a digital wallet that enables them to make online payments, transfer money, and pay bills.

One of the unique features of Wallet.ng is that it allows users to easily fund their wallets using various means, including bank transfers, card payments, or cash deposits at designated outlets. This is particularly useful for people who may not have access to traditional banking services or those who prefer not to use their primary bank accounts for online transactions.

In addition to providing digital wallet services, Wallet.ng also offers investment opportunities through its “Earn Interest” feature. Users can earn up to 15% interest per annum on funds invested in the Wallet.ng investment program.

This makes it an attractive option for anyone looking to grow their savings or earn passive income. Another notable feature of Wallet.ng is its “Virtual Cards” option.

This allows users to generate virtual Mastercard debit cards that can be used for online transactions across various platforms where physical debit cards may not be accepted. The virtual card can be funded directly from the user's wallet balance and has no annual fees or hidden charges.

Furthermore, Wallet.ng has partnered with leading merchants such as Jumia and Konga, enabling users to make purchases directly from these platforms using their wallet balances. This eliminates the need for multiple payment options during checkout and makes shopping more convenient.

Overall, Wallet.ng is a reliable fintech company that offers a range of services tailored towards meeting the financial needs of Nigerians. With its robust features and user-friendly interface, it has become a popular choice among people looking for an alternative solution outside traditional banking services.

Fawry

is a leading fintech company in Nigeria that has revolutionized the way people make payments for essential services. The company offers a mobile payment platform that enables customers to make instant payments for bills, utilities, and other services using their mobile phones or computers.

One of the key features that make Fawry stand out is its user-friendly platform that is accessible via mobile apps and online portals. Customers can easily sign up for an account and link their bank accounts or credit cards to the platform.

This makes it easy for them to manage their finances and pay bills on time without having to visit physical offices or banks. Another notable feature of Fawry is its robust security measures that protect customers' data and transactions against fraud and cyber threats.

The platform uses advanced encryption technologies and multi-factor authentication to ensure that every transaction is secure and verified before being processed. has also partnered with several businesses in Nigeria, enabling them to accept payments from customers via the Fawry platform.

These partnerships have made it easy for customers to pay for goods and services online without having to worry about cash or card payments. Additionally, Fawry provides various value-added services such as airtime top-up, money transfers, insurance premiums, ticketing services, among others.

This has made it a one-stop-shop for many Nigerians who need multiple financial services in one place. Overall, Fawry has demonstrated great innovation in bridging the gap between traditional banking methods and modern payment systems through its user-friendly interface, security measures, strategic partnerships with businesses across Nigeria as well as value-added offerings.

TruID

is a Nigerian fintech company that is focused on providing innovative solutions to identity verification problems. The company was founded in 2016 by Adegoke Olubusi, Joseph Onyebuchi, and Ifeoluwa Olusanya. provides an easy and secure way for businesses to verify customer identities during transactions.

One of the key features of TruID is its facial recognition technology, which uses artificial intelligence (AI) algorithms to match a person's face with their ID card photo. This allows businesses to quickly and accurately verify the identity of their customers without the need for physical contact or documentation.

Another important aspect of TruID's technology is its ability to integrate with existing systems seamlessly. This makes it easy for businesses to incorporate TruID's identity verification solutions into their existing processes without causing any disruptions or delays.

also offers additional features such as address verification, document authentication, and biometric data capture. These features help to ensure that only legitimate customers are able to access services and that fraudsters are kept at bay.

One notable application of TruID's technology is in the banking sector where it helps banks comply with Know Your Customer (KYC) regulations. With its facial recognition technology, address verification, document authentication, and other features, TruID can help banks verify customer identities quickly and accurately while also providing a seamless user experience.

TruID is an innovative fintech company that provides a range of identity verification solutions that are reliable, convenient, and secure. With its cutting-edge technology and commitment to excellence in service delivery, TruID is poised to make a significant impact in Nigeria's fintech industry in the years ahead.

Pineapple

is a Nigerian-based insurance technology company founded in 2017. The platform provides insurance policies for farmers through its peer-to-peer network, where farmers can contribute to a common pool of funds to insure against losses incurred during farming seasons.

The Pineapple platform uses blockchain technology to ensure transparency and secure transactions. One of the unique features of Pineapple is its use of crowdsurance, a system that pools resources from multiple users to provide coverage for individuals or businesses.

This model allows farmers who may not be able to afford traditional insurance policies to have access to coverage at lower rates. Through this platform, farmers can also purchase customized insurance policies that meet their specific needs and budgets.

has partnered with NHIS (Nigeria Health Insurance Scheme) and provides health coverage plans for individuals and families at affordable rates. The platform also offers travel insurance policies for travelers within and outside Nigeria.

In addition to providing affordable insurance options, Pineapple is committed to promoting financial literacy among its users. The company regularly hosts webinars and workshops on topics such as personal finance management, investment strategies, and risk management.

Overall, Pineapple's innovative use of blockchain technology and crowdsurance has disrupted the traditional insurance industry in Nigeria by providing accessible and affordable coverage options for farmers, individuals, and families alike. Its commitment to financial education further solidifies its position as a leader in the Nigerian fintech industry.

Yoco

is a mobile point of sale (mPOS) company that provides an easy and efficient way for merchants to accept card payments. The company was founded in South Africa in 2013, but has since expanded into other African markets, including Nigeria.

‘s mission is to provide small businesses with affordable solutions to improve their payment processing capabilities. One of the key features of Yoco is its user-friendly interface that allows merchants to manage their payments on the go.

The mPOS device connects wirelessly to a merchant's smartphone or tablet, and transactions can be processed through the Yoco app. The device accepts both chip-and-pin cards and contactless payments such as Google Pay and Apple Pay.

also offers business management tools such as inventory tracking, real-time sales reporting and customer data capture. The platform enables merchants to view sales trends over time and make informed decisions about inventory management.

By providing insights into customer behavior, Yoco helps merchants understand their customers' preferences and tailor their offerings accordingly. In addition to providing payment processing services, Yoco also offers merchant cash advances for businesses that need quick access to capital.

These advances are paid back over a predetermined period through a fixed percentage of daily sales. This service can be particularly useful for small businesses that may struggle with traditional loan applications from banks.

Overall, Yoco has established itself as a leading mPOS provider in Africa due to its commitment to helping small businesses thrive by empowering them with affordable payment solutions. With its focus on innovation and user experience, it is poised for continued growth in the Nigerian market as well as other African markets in the coming years.

Luno

is one of the prominent fintech companies in Nigeria that provides a platform for buying, selling, and storing cryptocurrency. was founded in 2013 by Marcus Swanepoel and Timothy Stranex, with its headquarters located in London, United Kingdom. The company has expanded to over 40 countries globally and has more than 5 million registered users.

offers Bitcoin (BTC), Ethereum (ETH), Litecoin (LTC), and Ripple (XRP) as its supported cryptocurrencies. Users can buy or sell these cryptocurrencies on the Luno exchange platform using their local currencies.

supports Nigerian Naira, South African Rand, Euro, Malaysian Ringgit, Indonesian Rupiah, and ZAR. One of the unique features of Luno is its mobile application which allows users to trade cryptocurrencies conveniently on their mobile devices.

The mobile app also features a multi-level security system that protects users' accounts from unauthorized access. This includes two-factor authentication and biometric login methods such as fingerprint scanning.

Another feature that sets Luno apart from other fintech companies is its educational resources for beginners who are new to cryptocurrency trading. The company offers a series of educational materials such as videos and articles for users to learn about blockchain technology and cryptocurrency trading strategies.

also prioritizes regulatory compliance in all countries where it operates. The company is regulated by the Financial Conduct Authority (FCA) in the United Kingdom and complies with anti-money laundering regulations set by various regulatory bodies globally.

Luno has emerged as a leading fintech company in Nigeria's cryptocurrency market due to its user-friendly interface, multi-level security protocol, regulatory compliance ethos, and educational resources for novices . With continued global expansion plans underway , it will be fascinating to see how this innovative firm continues to evolve within an increasingly competitive industry landscape while pushing boundaries through innovation-driven growth strategies.

SureRemit

is a fintech company that offers digital vouchers for a variety of goods and services. These vouchers can be used to make purchases at participating merchants, both online and offline. The company's goal is to simplify the process of sending and receiving payments across borders, particularly for individuals who may not have access to traditional banking services.

One of the key features of SureRemit is its ability to handle remittances. Many people in Nigeria rely on money sent from family members living overseas, but traditional remittance channels can be expensive and slow.

allows individuals to send digital vouchers directly to their loved ones in Nigeria, which can then be redeemed for food, medicine, or other necessities. Another area where SureRemit is making an impact is in the realm of charitable giving.

The company partners with various organizations that provide aid to communities in need, allowing users to donate vouchers directly through the app. This makes it easy for people around the world to support causes they care about without having to worry about issues such as currency conversion or transaction fees.

also offers a number of financial services beyond just voucher-based payments. For example, the company recently launched a cryptocurrency wallet that allows users to buy and sell Bitcoin and other digital assets directly from their phones.

In addition, SureRemit has partnered with various banks and payment processors to offer seamless integration with existing financial systems. Overall, SureRemit is an innovative fintech company that is making a significant impact in Nigeria and beyond.

By leveraging technology such as blockchain and digital vouchers, the company has created a more streamlined way for individuals and businesses alike to send payments across borders while also providing valuable services such as charitable giving and cryptocurrency investments. As more people around the world embrace mobile banking solutions like those offered by SureRemit, it's likely that we'll see even more disruption in this space in the years ahead.

TeamApt

is a leading fintech company in Nigeria that provides digital solutions to financial institutions. Founded in 2015, the company started off by offering services such as web development and system integration.

However, it has since grown to become one of the most innovative fintech companies in Nigeria. One of the key products that TeamApt offers is Moniepoint, which is a payment platform that enables users to perform transactions such as sending and receiving money, paying bills, and purchasing airtime.

The platform is integrated with a network of over 100 banks in Nigeria, making it one of the most convenient ways for individuals to perform financial transactions. In addition to Moniepoint, TeamApt also offers other products such as AptPay which enables businesses to accept payments from different channels like mobile money and bank transfers.

AptPay also provides comprehensive analytics on transactions and customers’ behaviour. Another product offered by TeamApt is AptSecure which provides secure authentication and identification solutions for businesses.

This product helps businesses prevent fraud by providing advanced security features that verify identities through biometric data or other means. Apart from these products, TeamApt has also developed an enterprise solution called Apt eSuite which offers end-to-end digital banking solutions.

These include internet banking portals, mobile banking applications, card management systems as well as loan origination systems. The eSuite allows financial institutions to offer their customers a wide range of digital services through various channels.

Overall, TeamApt’s innovative solutions have helped make financial services more accessible and convenient for Nigerians across various sectors including retail banking, insurance companies and microfinance banks among others. Its dedication to providing high-quality digital solutions has earned it numerous accolades including being named Africa's Best Fintech Startup at the 2019 AppsAfrica Awards.

TechAdvance

is a company that provides innovative payment and transaction solutions to businesses in Nigeria. Founded in 2009, they have quickly risen to become one of the leading fintech companies in the country. Their focus on developing cutting-edge technology has enabled them to create products that meet the unique needs of their clients.

One of TechAdvance's flagship products is PayElectricityBills, a platform that enables users to pay their utility bills conveniently. The platform supports payments for electricity, water, internet, and other utilities.

With PayElectricityBills, users can make payments from anywhere and at any time using their mobile devices or computers. has also developed a mobile point-of-sale (mPOS) system known as SmartPesa.

This solution enables small businesses to accept card payments through a smartphone or tablet. SmartPesa comes with an intuitive interface that makes it easy for merchants to monitor transactions and generate reports on sales.

Another innovative product from TechAdvance is I-Invest, an investment platform that allows users to invest in stocks and other securities using their mobile devices or computers. The platform offers real-time market data and analysis tools to help users make informed investment decisions.

In addition to its core business offerings, TechAdvance has also invested in incubating startups through its accelerator program known as ‘The Future Hub'. The program provides mentorship and funding opportunities for fintech startups across Africa.

Overall, TechAdvance's commitment to innovation has enabled them to create products that meet the evolving needs of customers in Nigeria's rapidly growing fintech space. Through their focus on developing cutting-edge technology solutions combined with strategic partnerships with key stakeholders across various sectors, they are well-positioned for continued growth in the years ahead.

Thrive Agric

is an agritech company that provides a platform for farmers to access finance, while also allowing investors to invest in farming operations. The company was founded in 2017 by Uka Eje, who is passionate about using technology to solve problems in the agriculture sector. has been able to provide funding to farmers across Nigeria, helping them increase their yield and income.

The platform provided by Thrive Agric allows investors to fund farming projects that have been vetted by the company. Farmers can then access this funding at a low-interest rate, which enables them to purchase the necessary inputs for their farms.

The farmers then repay the loan with interest after harvest, which allows them to maintain ownership of their farms and retain control over their operations. In addition to providing financing for farmers, Thrive Agric also provides agricultural training and support services.

This ensures that farmers have access to the latest techniques and best practices in agriculture. The company also offers market linkages for its clients, connecting them with buyers both locally and internationally.

One of the notable achievements of Thrive Agric was its successful crowdfunding campaign on the UK-based crowdfunding platform, Crowdcube. In 2020, they raised £1.5 million from 1,100 investors around the world.

This funding will be used to expand its reach across Nigeria and into other African countries. has won several awards since its inception including Best Agtech Platform at The AppsAfrica Innovation Awards 2019 and Best Social Impact Startup at The Nigerian Startup Awards 2020.

They have been able to leverage technology and partnerships with key players in agriculture such as seed companies like Syngenta towards creating value for smallholder farmers. Overall, Thrive Agric has demonstrated that technology can indeed drive development within the agricultural sector in Nigeria.

By providing a platform that connects smallholder farmers with finance as well as other critical resources such as agricultural training, the company has helped to increase agricultural productivity and income for farmers. With the recent funding raised, it is expected that Thrive Agric will scale up and expand its reach across Africa, bringing more farmers within its ecosystem.

TradeDepot

is a Nigerian fintech company that focuses on supplying fast-moving consumer goods (FMCG) to retailers, small businesses and mobile street vendors. The company leverages technology and data analytics to connect manufacturers with retailers, enabling them to source products at competitive prices while ensuring efficient supply chain management.

Founded in 2016 by Onyekachi Izukanne, the company has been successful in attracting investors from both local and international markets. One of the key features of TradeDepot's platform is its digital ordering system which allows retailers to place orders for goods using their mobile phones or desktops.

This reduces the time taken for manual order processing while improving accuracy and reducing human error. Additionally, TradeDepot offers incentives such as cashbacks and discounts to retailers who use its platform consistently, encouraging repeat business.

Another innovative feature of TradeDepot's platform is its credit facility which provides access to working capital for retailers who have consistent sales volumes. This credit facility allows retailers to purchase inventory without depleting their cash reserves, giving them the ability to grow their businesses sustainably.

The credit facility uses a proprietary algorithm that analyses retailer sales history and transaction behaviour on the platform before providing credit limits. Furthermore, TradeDepot uses data analytics tools such as artificial intelligence (AI) algorithms to predict demand patterns and forecast future sales volumes accurately.

By using these insights generated from sales data collected from its platform, TradeDepot can assist manufacturers in producing products that are likely to sell well in specific regions or at certain times of year. has received significant funding since inception from investors such as Partech Ventures, Endeavor Catalyst Fund, International Finance Corporation (IFC), Female Founders Fund among others.

Its most recent funding round saw it raise $10m in June 2021 led by GFC with participation from existing investors Partech Ventures and International Finance Corporation (IFC). TradeDepot's mission to digitize the supply chain of fast-moving consumer goods in Nigeria has seen it attract significant investment, grow its user base, and expand its operations across other African countries.

Its innovative use of technology and data analytics has enabled it to streamline the supply chain process and provide value to both retailers and manufacturers. ‘s success story is an inspiration for other fintech companies looking to disrupt traditional industries using technology.

Paymyrent

is a fintech platform that provides a seamless way for tenants to pay their rent without the need for cash or physical visits to landlords. The platform allows tenants to make payments directly from their bank account or debit card, ensuring that rent payments are made on time and in full.

One of the key features of Paymyrent is its support for multiple payment channels, including mobile money, internet banking, and card payments. This ensures that tenants can choose the most convenient payment method based on their preferences and location.

The platform also provides an option for recurring payments, which enables tenants to schedule automatic deductions from their accounts at regular intervals. offers a range of benefits to both landlords and tenants.

For landlords, it eliminates the need for manual record-keeping and minimizes the risk of fraud or misappropriation of funds. The platform provides real-time visibility into rent collections and enables landlords to track payment history and generate receipts on demand.

For tenants, Paymyrent eliminates the stress associated with traditional rent payment methods by providing a secure, convenient, and transparent way to pay their rent. The platform also sends timely reminders before the due date to avoid missed payments or late fees.

In addition to its core rental payment solution, Paymyrent also offers value-added services such as property listings and management services. Through partnerships with real estate agents, property owners can list available properties on the platform while tenants can search for suitable properties based on their preferences.

Overall, Paymyrent is a game-changer in Nigeria's rental market by providing an innovative solution that eliminates inefficiencies in traditional rental payment systems. With its focus on transparency, convenience, and security, Paymyrent has transformed how people in Nigeria pay their rent while providing significant value-adds along the way.

PML Advisory

is a Nigerian fintech company that provides financial and investment advisory services to both individuals and corporate clients. The company was founded in 2015 by Nnamdi Okeke, a seasoned financial expert who previously worked with reputable institutions such as Deutsche Bank and Standard Chartered Bank. ‘s core services include investment management, financial planning, debt restructuring, treasury management, and risk management.

One of the key strengths of PML Advisory is its team of experienced and highly skilled professionals who possess deep expertise in various aspects of finance and investment. The company prides itself on the quality of its advisory services, which are tailored to meet the specific needs and goals of each client.

leverages cutting-edge technology to deliver timely advice and support to its clients, thereby enhancing their financial performance. ‘s investment management services cover a wide range of asset classes including equities, fixed income securities, mutual funds, alternative investments such as private equity and real estate investments.

The company's team of experts carries out rigorous research on each asset class to identify attractive investment opportunities for its clients. also provides comprehensive risk management solutions that help clients mitigate risks associated with their investments.

In addition to providing advisory services, PML Advisory also offers training programs aimed at imparting knowledge on various aspects of finance and investment to individuals and corporate organizations. These training programs cover areas such as financial analysis, portfolio management, debt restructuring among others.

Overall, PML Advisory has established itself as one of Nigeria's leading fintech companies providing top-notch financial advisory services to both individual investors and corporate organizations seeking professional guidance on various aspects of finance and investment. With a strong focus on delivering value-added solutions that empower clients to achieve their financial goals,PML Advisory continues to expand its suite of offerings while maintaining high standards in service delivery.

PrognoStore

is an innovative fintech company in Nigeria that uses technology to provide customized solutions to businesses in Nigeria. The startup is based in Lagos and was founded by Adeniyi Adekunle and Jide Akindele. The company’s mission is to empower small and medium-sized enterprises (SMEs) with the tools they need to manage their operations effectively, make smarter decisions, and grow their businesses.

One of the key features of PrognoStore is its cloud-based point-of-sale (POS) system, which allows businesses to manage sales, inventory, customer data, and other key aspects of their operations from a single platform. The POS system can be accessed from any device with an internet connection, making it easy for business owners to stay on top of their operations even when they’re not physically present at the store.

Another important aspect of PrognoStore’s platform is its analytics capabilities. The platform collects data on various aspects of a business’s operations – such as sales performance, inventory levels, and customer behavior – and then presents this data in an easy-to-understand format.

This allows business owners to identify trends and make informed decisions about how to optimize their operations. In addition to its core POS system, PrognoStore also offers a range of other features that can help SMEs streamline their operations.

These include inventory management tools that allow businesses to keep track of stock levels and automatically reorder items when supplies run low; customer relationship management (CRM) tools that enable companies to build stronger relationships with customers; and invoicing tools that make it easy for businesses to send invoices and receive payments online. Overall, PrognoStore provides SMEs in Nigeria with a powerful set of tools for managing their operations more effectively.

By leveraging the latest technologies – including cloud computing, analytics software, mobile devices – PrognoStore helps businesses stay competitive in an increasingly crowded marketplace. With its user-friendly interface, robust features, and strong customer support, PrognoStore is quickly becoming one of the leading fintech companies in Nigeria.

QuickCheck

is a Nigerian-based fintech company that provides instant access to credit facilities to individuals and small businesses. It was founded in 2016 and has since then been committed to ensuring financial inclusion for all Nigerians with its innovative lending solutions. aims to bridge the gap between lenders and borrowers by providing easy access to loans at competitive rates.

One of the unique features of QuickCheck is its mobile application, which enables individuals to apply for loans without any paperwork or collateral. Users can apply for loans ranging from ₦5,000 ($13) up to ₦500,000 ($1,300), depending on their creditworthiness.

The loan application process takes less than five minutes, and funds are usually disbursed within 24 hours of approval. uses advanced algorithms and analytics tools to assess the creditworthiness of applicants and determine their ability to repay loans.

The platform has employed a system that evaluates a borrower's payment behavior on other platforms like social media networks, mobile phone usage patterns as well as transactional data from their bank account in order to make accurate credit decisions. Another interesting feature of Quickcheck is the ability for users who have successfully repaid their loans with them over time can take advantage of higher loan amounts at lower interest rates compared with new borrowers whom they have no previous data or record about them on how they conduct themselves when it comes to repaying back a loan.

The company also offers financial literacy education modules through its website and social media handles aimed at educating Nigerians about basic financial management skills. This approach has helped many users improve their financial wellbeing by providing them with actionable tips on how they can manage their finances better.

QuickCheck is one of the leading fintech companies in Nigeria that has redefined lending by making it easier for individuals and small businesses in Nigeria access affordable credit facilities through innovative platforms. Its use of advanced technology in assessing borrowers' creditworthiness and its commitment to providing financial education makes it one of the go-to options for anyone looking for a reliable lender in Nigeria.

Riby

is a fast-growing fintech company in Nigeria that provides financial management solutions to cooperatives, trade groups, and individuals. The company's mission is to improve the financial well-being of individuals and communities by providing access to affordable financial services. ‘s platform makes it easy for users to manage their finances, track their expenses, and save for the future.

One of Riby's core services is its cooperative management solution, which helps cooperative societies manage their finances more efficiently. The solution includes features such as automated savings contributions, loan management tools, and real-time reporting.

This allows cooperatives to better serve their members by offering more affordable loans and higher savings interest rates. also offers a personal finance management tool which provides users with a comprehensive view of their finances across different accounts.

Users can track their expenses, set budgets, and monitor their net worth over time. The solution is particularly useful for individuals who struggle with impulse spending and need help managing their finances.

Another key feature of Riby's platform is its investment marketplace that connects users with various investment opportunities across different asset classes such as fixed income securities, mutual funds, and equities. This enables users to build diversified portfolios that are tailored to their risk tolerance levels.

To ensure the security of its platform and user data, Riby has implemented robust security measures such as two-factor authentication (2FA), encryption standards compliant with international best practices, intrusion detection systems (IDS), firewalls and regular security audits. Riby provides innovative financial products that empower individuals and communities to achieve greater financial stability.

With its cooperative management solution for cooperatives societies , personal finance tools investment marketplace , Riby has positioned itself as one of the leading fintech companies in Nigeria . Its commitment towards ensuring the security of its platform presents it as an excellent choice for people looking for a safe way to manage their money online within Nigeria.

Seedvest

is a Nigerian fintech company founded in 2017, with a focus on providing financial access to underserved populations through its digital lending platform. The company's primary goal is to empower small and medium-sized businesses (SMBs) by providing them with flexible financing options through an easy-to-use mobile app. ‘s lending platform utilizes machine learning algorithms to analyze an applicant's creditworthiness, enabling the company to offer personalized loan products that meet the specific needs of each borrower.

This approach has allowed Seedvest to differentiate itself from other lenders in the crowded Nigerian fintech market by offering more personalized and specialized services. One of Seedvest's main strengths is its commitment to transparency and user education.

The company provides extensive resources and training materials for borrowers, ensuring that they fully understand the terms of their loans and are empowered to make informed decisions about their finances. Additionally, Seedvest's customer service team is available around-the-clock via phone or online chat, ensuring that borrowers always have access to support when they need it.

has also implemented several innovative features on its platform, such as enabling borrowers to earn rewards points for timely loan repayments. This not only incentivizes responsible borrowing behavior but also helps build lasting relationships between Seedvest and its customers.

Despite being a relatively new player in the Nigerian fintech market, Seedvest has already established itself as a key contributor to financial inclusion efforts in the country. The company has been recognized for its innovation and impact by several industry groups and institutions, including winning the Best Fintech Startup award at the 2018 Nigerian Technology Awards.

Looking ahead, Seedvest plans to expand its product offerings beyond lending into other areas such as savings accounts and insurance products. By continuing to prioritize user education, innovation, and transparency, Seedvest is well-positioned for continued success in Nigeria's rapidly growing fintech landscape.

SimplePay

is a Nigerian fintech company that offers online payment solutions to businesses and individuals. Founded in 2013, SimplePay has quickly become one of the most popular payment platforms in Nigeria, with over 500,000 registered users. One of the key features of SimplePay is its simplicity and ease of use.

The platform allows users to make payments for goods and services online, as well as send money to other users. Users can also link their bank accounts or debit cards to the platform for quick and easy transactions.

also offers a range of other services, including bill payments, mobile top-up, and money transfers. One unique feature of SimplePay is its virtual account system, which allows users to create a virtual account number that can be used for transactions on the platform.

The company has also made significant strides in promoting financial inclusion in Nigeria. In partnership with various financial institutions and mobile network operators, SimplePay has launched initiatives aimed at making financial services more accessible to underserved communities.

Recently, SimplePay launched a new feature called “SimpleLend,” which allows users to access short-term loans through the platform. The loans are disbursed within minutes and are available at competitive interest rates. Overall, SimplePay has established itself as one of the major players in Nigeria’s fintech industry through its innovative products and commitment to promoting financial inclusion. Its user-friendly interface and range of services have made it a popular choice among Nigerians looking for convenient payment solutions online.

Social Lender

is a Nigerian fintech company that has revolutionized the lending space by providing quick and easy access to loans without collateral. The company leverages on social reputation, credit scores, and identity data to provide loans to individuals who may not have access to traditional banking services.

One of the major advantages of Social Lender is its unique lending model that relies on social reputation. The platform creates a community-driven credit score for its users by analyzing their social media profiles, transaction history, and behavioral patterns.

This approach allows even those without a traditional credit score or collateral to access loans from financial institutions partnering with Social Lender. Another unique feature offered by Social Lender is its partnership with mobile network operators (MNOs) in Nigeria.

The platform works closely with MNOs to enable individuals to use airtime as collateral for loans. By leveraging on the extensive penetration of mobile phones in Nigeria, Social Lender has been able to reach a wider pool of potential borrowers who may not have bank accounts but have mobile phones.

Additionally, Social Lender provides an alternative credit scoring system for small and medium-sized enterprises (SMEs). The platform uses machine learning algorithms and artificial intelligence (AI) technology to analyze data from various sources such as business transactions, customer feedback, and social media activity.

This enables SMEs without a traditional credit score or collateral to access funding from financial institutions partnering with Social Lender. also has an innovative savings product called SAVELINK that helps users save money towards specific goals such as school fees or rent payments.

It allows users to set up automated savings plans linked directly to their bank accounts or mobile wallets which can be used as collateral for future loans on the platform. Social Lender takes security seriously by using encryption technology and secure servers to protect user data.

The platform also complies with regulatory standards set forth by the Central Bank of Nigeria (CBN) ensuring that user data and transactions are safe and secure. Overall, Social Lender's innovative lending model, partnership with MNOs, alternative credit scoring system for SMEs, unique savings product, and commitment to security make it one of the leading fintech companies in Nigeria.

Wallets.africa

is a fintech company that operates as a digital wallet and payment platform. Founded in 2019 by John Oke and Samuel Akinlotan, the company provides customers with an easy and secure way to make payments and transfer money from their mobile phones.

The Wallets.africa app offers users access to a range of financial services such as online banking, bill payment, airtime purchase, and peer-to-peer transfer. The platform also allows customers to make payments at physical stores using their mobile phones or the Wallets.africa debit card which can be linked to their account.

The app is available on both Android and iOS platforms. One of the unique features of Wallets.africa is its focus on customer convenience.

With the app, customers can easily open accounts without visiting bank branches or undergoing any KYC process. The platform's user interface is intuitive with easy navigation that allows users to access all its services seamlessly.

Another standout feature of Wallets.africa is its security measures. With encryption technology, biometric verification (fingerprint or facial recognition), and multi-factor authentication for transactions, the platform ensures that customer data is safe from unauthorized access or fraud.

has garnered recognition for its innovation in fintech in Nigeria. In 2020, the company was named one of the 50 most innovative startups by Fast Company while also being awarded Best Payment Platform at the AppsAfrica Awards.

Overall, Wallets.africa has made significant strides in providing convenient and secure financial services to Nigerians through its digital wallet platform. As more people continue to adopt digital banking solutions in Nigeria, the company's growth prospects look promising.

Mines.io

is a digital credit platform that has been operating in Nigeria since 2017. It provides instant credit services to its customers, using artificial intelligence and machine learning algorithms to analyze data from customer's mobile phones, including SMS history, call logs, and bank transactions. This data is used to assess the customers' creditworthiness and determine their ability to repay loans.

To access Mines.io's services, customers need to download the app and complete a registration process that involves providing personal information such as their name, phone number, employment status, and bank account details. Once registered, they can apply for a loan by selecting the amount they need and the repayment period.

offers loans ranging from N10,000 to N100,000 with repayment periods of up to six months. The interest rates on these loans vary depending on the customer's credit risk profile but typically range between 15% and 30%.

Customers can repay their loans through various payment channels such as bank transfers or mobile payments. One of Mines.io's unique features is its loyalty program which rewards customers for timely repayments with increased loan limits and reduced interest rates.

This encourages responsible borrowing behavior among customers while also helping them build their credit history. has received several accolades for its innovative approach to lending in Nigeria.

In 2018 it was named one of Africa's most innovative fintech companies by Fast Company and was also recognized as one of Nigeria's top 50 startups by Ventures Africa. With over 1 million downloads on Google Play Store alone, Mines.io has successfully established itself as a leading digital lender in Nigeria.

Nairametrics

is a leading financial news website in Nigeria that provides up-to-date information on the financial market, business news, and investments. The platform was founded in 2012 by Ugochukwu “Ugodre” Obi-Chukwu, a finance expert with over a decade of experience in the financial industry.

has become a trusted source for financial analysis, market insights, and investment advice. The platform covers various sectors of the economy including banking, oil and gas, agriculture, real estate, and technology.

It provides real-time tracking of stocks and mutual funds to help investors make informed decisions. The website also offers valuable resources such as market data tools that allow users to monitor the performance of listed companies on the Nigerian Stock Exchange (NSE).

These tools include stock screener which enables investors to filter stocks based on criteria such as market capitalization, price-to-earnings ratio (P/E), dividend yield, and more. Furthermore, Nairametrics has an impressive editorial team comprising of seasoned journalists with years of experience covering finance and business-related topics.

They provide quality content that attracts thousands of visitors daily to their site. Their articles are well-researched with data-driven insights that make it easy for investors to understand complex financial topics.

In addition to providing news updates and analysis on its website, Nairametrics also offers training courses through its subsidiary company called Nairametrics Financial Advocates Limited (NFAL). These courses include investment masterclasses which provide participants with practical knowledge on how to invest in stocks, bonds or mutual funds.

Overall Nairametric is a vital resource for anyone interested in Nigeria's financial market. Its comprehensive coverage of the Nigerian economy coupled with its reliable data-driven insights sets it apart from other financial news websites in Nigeria.

Nairax

is a fintech company that focuses on providing seamless, secure, and efficient payment and money transfer solutions. The platform offers users the opportunity to buy and sell cryptocurrency directly from their bank accounts, as well as quite a few other services. is an innovative platform that aims to revolutionize the way Nigerians carry out their financial transactions.

One of the standout features of Nairax is its ability to allow users to buy and sell cryptocurrency with ease. The platform supports several cryptocurrencies, including Bitcoin, Ethereum, Litecoin, and Ripple.

Users can purchase these digital currencies directly using their debit or credit cards or through bank transfers. Additionally, Nairax has implemented measures to ensure that all transactions carried out on the platform are secure.

Another service offered by Nairax is international money transfer. With this feature, users can send money to over 200 countries across the globe with just a few clicks.

Users simply need to set up a transaction on the platform and provide details such as recipient name and address. The funds can be sent in either US dollars or Euros depending on the recipient’s location.

also offers virtual card services which allow users to make online payments without having an actual physical card. This feature comes in handy for people who do not want to link their bank accounts or use their debit/credit cards for online transactions.

The platform has also made it easy for businesses of any size to receive payments online by integrating with popular e-commerce platforms like Shopify and WooCommerce. This makes it possible for businesses of any size to accept payments from customers all over Nigeria easily.

Nairax is a fintech company that offers several innovative financial solutions designed to make life easier for Nigerians who rely on digital banking services daily. With features like cryptocurrency trading support, international money transfers, virtual cards services amongst others; it's no wonder this company has experienced significant growth since its inception in 2018.

Nibss

is a leading provider of innovative payments solutions in Nigeria. Founded in 1993, this company has been providing financial institutions with high-quality payment processing services for over two decades. Today, Nibss is recognized as one of the most influential and respected organizations in the Nigerian payments industry.

One of Nibss' key offerings is its instant payment service (NIP). This service operates on a 24/7 basis and allows customers to transfer funds between banks instantly.

NIP has revolutionized the way Nigerians conduct their financial transactions, and it has become an indispensable part of the country's financial infrastructure. Another core offering from Nibss is its national identity management system (NIMS).

This platform allows individuals to register for a unique identity number that can be used to access government services and other important benefits. NIMS also provides an added layer of security for financial transactions by ensuring that only authorized individuals are accessing sensitive information.

In addition to these services, Nibss also offers a range of other innovative solutions that help businesses optimize their payments processes. For example, its Bank Verification Number (BVN) solution helps banks verify the identities of their customers quickly and easily.

By leveraging cutting-edge technology like biometric identification, this solution helps reduce fraud and improve overall security. Overall, Nibss is a critical player in the Nigerian fintech ecosystem.

With its focus on innovation and customer experience, it continues to drive significant improvements in the country's payments infrastructure. As Nigeria's economy continues to grow and evolve, it is likely that we will see even more outstanding contributions from this organization in the years ahead.

Opay

is a payment company that has revolutionized digital payment in Nigeria. The company offers a range of financial services, including bill payment, transfer services, and mobile wallet services.

was launched in 2018 and has since grown to become one of the largest fintech companies in Nigeria with over 40 million registered users. One of the key features that sets Opay apart from other fintech companies is its mobile wallet service.

The mobile wallet allows users to store funds, pay bills, and transfer money to other Opay users seamlessly. The app also offers discounts on various services such as airtime purchases and utility bills payments.

To use the app, customers must first create an account by providing their details such as name, email address, and phone number. Another service offered by Opay is its ride-hailing platform – Oride.

This platform connects drivers with riders across different cities in Nigeria. Riders can book a ride from the comfort of their homes using the Oride app or by calling the call center directly.

The app also allows riders to track their trip in real-time. has also ventured into e-commerce with its platform – Omall.

This platform provides Nigerian consumers access to various products from different categories such as fashion, technology, health & beauty products at affordable prices. has partnered with several local businesses across Nigeria to offer loan facilities through its lending platform – Okash.. These loans are available for up to six months and can be used for various purposes such as paying rent or purchasing goods for small businesses.

Opay has made significant strides since its launch in 2018 with innovative financial products that cater to Nigerians' needs effectively. Its unique mobile wallet service remains one of the most popular digital payment options among Nigerian millennials who seek convenience and speed when it comes to financial transactions.

Pagatech

is a Nigerian fintech company known for its innovative payment solutions. The company was founded in 2009 with a mission to provide financial services that are accessible to everyone. Since then, Pagatech has grown into one of the biggest payment companies in Nigeria, with over 15 million users and a network of more than 100,000 agents across the country.

One of Pagatech's most popular products is Paga, a mobile payments platform that allows users to make payments and transfer money using their mobile phones. With Paga, users can pay bills, buy airtime and data bundles, send and receive money from other Paga users or bank accounts.

The platform is available on both Android and iOS devices. Another notable product from Pagatech is its payment gateway service which helps businesses accept payments online.

This service allows businesses to receive payments through various channels including debit/credit cards, bank transfers and mobile payments. ‘s payment gateway provides secure transactions through its encrypted platform which ensures that user information is protected at all times.

In addition to these services, Pagatech also offers innovative solutions like “Pagateacher” which enables parents to pay school fees for their children remotely. This solution has brought convenience to many parents who no longer have to physically visit schools or banks to pay school fees.

has various partnerships with local banks including Zenith Bank, First Bank Plc., UBA Plc., Access Bank Plc., Union Bank Plc., Sterling Bank Plc., Skye Bank Plc., FCMB Limited among others which allows it provide easy access for customers within those banks' networks. The success of Pagatech can be attributed to its ability to leverage technology innovation for mass adoption while maintaining a suitable fee structure that appeals even the unbanked population thereby increasing financial inclusion in Nigeria.

PayWithCapture

is a Nigerian fintech company that provides users with an innovative mobile payment solution. The platform allows users to make payments, purchases and transfers on-the-go, without the need for cash or a physical bank card. was launched by Access Bank in 2016, and has since grown to become one of Nigeria’s leading mobile payment solutions.

One of the standout features of PayWithCapture is its ability to provide users with a personalised digital wallet. This feature allows users to store their cards in one place, and easily switch between them when making transactions.

The digital wallet also provides users with access to exclusive offers and deals from partner merchants. Another key feature of PayWithCapture is its ability to make payments using just a phone number or QR code.

This means that users can send funds to other PayWithCapture users without having to exchange bank account details or use physical cash. The platform also supports government payments, such as tax payments and customs duties.

is also highly secure, with multiple layers of security built into the platform. The app uses two-factor authentication (2FA) for all transactions, as well as SSL encryption for all data transmissions.

Users can also set transaction limits on their accounts, helping them stay in control of their spending. PayWithCapture has made great strides in enhancing financial inclusion for underbanked Nigerians by providing access to basic banking services through its platform.

With features such as bill payments and airtime top-ups available on the app, customers can perform various financial transactions without needing a bank account. Overall, PayWithCapture has proven itself to be one of Nigeria’s most reliable fintech companies with its high level of security measures integrated into every transactional process for maximum customer satisfaction among other features it offers that have been well received by many Nigerians over the years since it was launched by Access Bank in 2016

Piggybank.ng

is one of the top fintech companies in Nigeria that has revolutionized the way individuals save money. The company was founded in 2016 and has since grown to become a leading digital savings platform in Nigeria with over 350,000 registered users.

provides an easy, secure, and convenient way for individuals to save money towards their financial goals. One of the features that make Piggybank.ng stand out from other digital savings platforms is its unique approach to saving money.

With Piggybank.ng, users can set up automated savings plans that automatically deduct money from their bank accounts at regular intervals (daily, weekly or monthly) towards their financial goals. Users can save towards various goals such as travel expenses, rent payments, wedding expenses and much more.

Another feature that makes Piggybank.ng appealing to users is its high-interest rate on savings. Unlike traditional banks that offer low-interest rates on savings accounts, Piggybank.ng offers interest rates as high as 10% per annum on savings made through its platform.

This has made it easier for Nigerians to build up their savings over time. also offers a flexible withdrawal policy that allows users to withdraw their funds at any time without any charges or penalties.

However, it encourages users to maintain the saving habit by imposing a penalty fee for multiple withdrawals within a month. In addition to its core saving service, Piggybank.ng also offers other financial services such as loans and investments through its subsidiaries – Piggytech Global Limited and Cowrywise Limited respectively.

Piggybank.ng has transformed the way Nigerians save money by providing a platform that is easy to use with attractive interest rates and numerous benefits. With its focus on financial inclusion and empowerment of individuals through saving habits, it is no surprise why it ranks among the top fintech companies in Nigeria today.

Wallets.ng

is a fintech company that provides mobile wallet solutions to Nigerians. The company was founded in 2018 with the aim of making financial transactions seamless and easy for Nigerians.

offers various services such as bill payments, airtime and data purchases, money transfers, and virtual card payments. One of the standout features of Wallets.ng is its virtual card service.

This service allows users to create a virtual Mastercard that can be used for online transactions. The virtual card can be funded directly from the user's wallet balance and can be used on any website that accepts Mastercard payments.

This feature is particularly useful for users who do not have access to traditional banking services or credit cards. Another unique feature of Wallets.ng is its referral program.

The company rewards users who refer their friends and family to use the platform with cash bonuses. This has helped the company grow its user base rapidly as satisfied customers spread the word about their positive experiences with the platform.

also offers a bill payment service that covers a wide range of bills including electricity, cable TV, water bills, and more. Users can easily pay their bills through the mobile app or website without having to leave their homes or offices.

The payment process is seamless and fast, with users receiving instant confirmation once payment has been made. In addition to its core services, Wallets.ng also offers a loyalty program called “Wallet Points”.

Users earn points for every transaction they carry out on the platform which they can redeem for discounts on future transactions or other rewards such as free airtime or data bundles. Overall, Wallets.ng has positioned itself as one of the leading mobile wallet providers in Nigeria.

Its unique features such as virtual cards and referral bonuses have helped it stand out from competitors while its focus on providing excellent customer service has helped it build a loyal user base over time. As more Nigerians embrace digital financial services, companies like Wallets.ng are well positioned to play a critical role in the country's financial landscape.

Zedvance

is a Nigerian-based fintech company that provides personal and business loans to individuals and SMEs across the country. The company was founded in 2018 and has since grown to become one of the leading non-bank financial institutions in Nigeria. ‘s mission is to provide access to credit for underserved populations, particularly those who have been excluded from traditional banking channels due to their lack of credit history or collateral.

One of the key features of Zedvance is its digital lending platform that allows customers to apply for loans from the comfort of their homes or offices. With just a few clicks on their smartphones or computers, customers can submit their loan applications and receive feedback within minutes.

This digital process eliminates the need for physical documentation and long wait times associated with traditional banks. offers both unsecured and secured loans, with repayment terms ranging from 3 months to 2 years depending on the loan type.

The company's interest rates are competitive compared to other lenders in Nigeria, with rates ranging from 4% per month for short-term loans up to 39% per annum for longer-term loans. In addition to its loan products, Zedvance also provides financial education resources to its customers.

Through its blog and social media platforms, the company shares tips on how individuals can manage their finances better, save money, invest wisely, and grow their businesses. has received several accolades since it was founded in 2018.

In February 2021, it was named “Consumer Lending Company of the Year” at the BusinessDay Banks & Other Financial Institutions Awards. The award recognizes Zedvance's commitment to providing innovative credit solutions that meet the needs of its customers.

Overall, Zedvance is an innovative fintech company that is transforming access to credit in Nigeria through its digital lending platform and commitment to financial inclusion. Its loan products and financial education resources are helping customers achieve their financial goals and improve their lives.

InvoizPaid

is a Nigerian fintech company that focuses on providing invoice financing solutions for small and medium-sized enterprises (SMEs). Through its platform, SMEs can upload their unpaid invoices and receive financing from investors who are willing to purchase them at a discounted rate. aims to improve cash flow for SMEs and promote economic growth in Nigeria.

One of the key benefits of InvoizPaid's platform is its ease of use. SMEs can easily upload their invoices onto the platform and receive funding within 24 hours.

This process is much faster than traditional financing options such as bank loans, which can take weeks or even months to process. Additionally, InvoizPaid offers competitive rates, which make it an attractive option for SMEs looking for quick access to funds.

Another advantage of partnering with InvoizPaid is that SMEs can improve their creditworthiness over time. By using the platform regularly and paying off their debts on time, SMEs can build a positive credit history that will make it easier for them to secure financing in the future.

This benefit is especially important for small businesses that may not have established credit histories or collateral. In terms of security, InvoizPaid takes several precautions to protect both investors and borrowers on its platform.

It uses advanced encryption technology to ensure that all data transmitted through the platform is secure. Additionally, it performs rigorous due diligence on all borrowers before allowing them access to funding.

Like many other fintech companies in Nigeria, InvoizPaid has been able to capitalize on opportunities in the country's growing digital economy. Nigeria has one of the largest populations in Africa and a rapidly expanding middle class, which represent a huge market potential for fintech companies like InvoizPaid.

As more Nigerians embrace digital payment solutions and e-commerce platforms continue to gain traction, InvoiZpaid's innovative approach allows it to stay ahead of the curve in terms of providing financing solutions that meet the needs of SMEs. InvoizPaid is an exciting fintech company that offers innovative invoice financing solutions for SMEs in Nigeria.

By leveraging technology and market opportunities, InvoizPaid is able to provide fast and reliable funding to businesses that may not have access to traditional financing options. As Nigeria's digital economy continues to grow, InvoizPaid is well positioned to capitalize on this trend and become a leading player in the country's fintech ecosystem.

OneFi

is a fintech company that began operations in 2012 as One Credit. The company rebranded in 2018 to focus on expanding its services beyond consumer credit to personal and business loans, payments, investments, and savings.

The primary goal of OneFi is to provide access to credit for the underbanked and unbanked population in Nigeria. ‘s flagship product is Paylater, a lending platform that offers unsecured loans of up to ₦500,000 ($1,315) without collateral or paperwork.

To qualify for a loan from Paylater, users must complete a short application process that includes providing basic information such as their name, phone number, bank verification number (BVN), and proof of income. After approval, funds are disbursed quickly to the borrower's bank account.

In addition to Paylater, OneFi offers other products such as Flex Advance (a salary advance product), Carbon Score (a credit scoring system), and Carbon Insurance (a micro-insurance service). The company also launched Carbon for Business in 2020 to provide small businesses with access to credit.

‘s success can be attributed to its use of technology and data analysis to assess risk and determine creditworthiness. The company leverages machine learning algorithms that analyze user data such as spending habits, income patterns, bill payments history and social media activity among others.

This approach allows them to offer affordable loans at lower interest rates than traditional lenders while minimizing the risk of default. Additionally, OneFi has built strategic partnerships with leading financial institutions including Visa Inc., Sterling Bank Plc., First Bank Nigeria Limited among others which have helped it expand its services beyond Nigeria into Kenya where it operates as Carbon.

Overall, OneFi continues on its mission of providing innovative financial products tailored towards meeting the needs of the underserved population in Africa. With over $20 million funding raised so far from investors like RMB, Lendable, and Accion Venture Lab, the future looks bright for this promising fintech company.

Opay

is one of the leading fintech companies in Nigeria, offering various services such as mobile payments, e-commerce, ride-hailing, and food delivery. The company was launched in 2018 by Opera Software AS, a Norwegian internet company known for its web browsers.

has since grown to become one of the most successful fintech companies in Nigeria, with its mobile payment service being the most popular. One of the key reasons for Opay's success is its focus on convenience.

The company's mobile payment service allows users to make payments using their mobile phones, eliminating the need to carry cash or visit a bank. This has made it easier for Nigerians to transact with each other and has helped to boost financial inclusion in the country.

Another factor that has contributed to Opay's success is its partnership with major Nigerian banks. The company has partnered with more than 20 banks in Nigeria to provide seamless integration between its mobile payment service and traditional banking systems.

This has made it easier for users to transfer money between their bank accounts and Opay wallets. In addition to its core mobile payment service, Opay also offers other services that have been well-received by Nigerians.

For instance, the company's ride-hailing service (ORide) has become increasingly popular as an alternative to traditional taxi services. ORide offers affordable rides across major cities in Nigeria and provides employment opportunities for thousands of motorcycle riders.

‘s e-commerce platform (OMall) is another popular service that has gained traction among Nigerians. OMall allows users to buy products from various merchants across Nigeria at competitive prices and have them delivered directly to their doorstep.

This has helped many Nigerians access goods they would otherwise not be able to afford or easily access. Opay is a leading fintech player in Nigeria that has succeeded by providing convenient and affordable financial services tailored towards Nigerians' needs.

Its focus on mobile payments, ride-hailing, e-commerce, and food delivery has helped the company gain significant traction in the market. As the Nigerian fintech industry continues to grow, Opay's innovative services are set to play a key role in driving financial inclusion and economic growth in the country.

Pagatech

is a fintech company that was founded in 2009 with a goal of providing innovative, secure and convenient payment solutions to businesses and individuals in Nigeria. The company has grown to become one of the leading fintech companies in Nigeria, offering a wide range of payment solutions such as mobile payments, online payments, point-of-sale terminals and more.

One of the main products offered by Pagatech is Paga, which is an innovative mobile money platform that allows users to send and receive money through their mobile phones. Paga is widely used in Nigeria due to its ease of use, security features and affordability.

The platform has over 14 million users and has processed over $3 billion worth of transactions since its launch. also offers other payment solutions such as PayAttitude, which is a contactless payment solution that allows customers to make payments using their mobile phones or smartcards.

PayAttitude can be used both online and offline, making it a versatile payment solution for businesses that operate in different environments. In addition to its core payment solutions, Pagatech also provides value-added services such as bill payments and airtime purchases.

This makes it easy for customers to pay their bills from the comfort of their homes or offices without having to visit physical locations. Another notable feature of Pagatech's products is the high level of security they offer.

The company uses state-of-the-art encryption technology to ensure that all transactions processed through its platforms are secure and tamper-proof. This gives customers peace of mind knowing that their financial information is safe from unauthorized access or fraud.

Overall, Pagatech has made significant contributions to the growth of fintech industry in Nigeria by providing innovative payment solutions that cater to the needs of businesses and individuals alike. With its strong focus on security, affordability and convenience, Pagatech will no doubt continue to play a major role in shaping the future of payments in Nigeria and beyond.

PayWithCapture

is a revolutionary mobile application that allows customers to make payments and manage their financial transactions on-the-go. Launched by Access Bank, PayWithCapture is a secure and convenient way to transfer money, pay bills, buy airtime, and perform other banking transactions from a smartphone device. One of the most interesting features of PayWithCapture is its ability to allow customers to use QR codes for transactions.

With this feature, users can simply scan a QR code at the point of sale using their smartphone camera and complete payment in seconds. This makes it much easier for merchants to receive payments from customers without the need for cash or card machines.

Another key feature of PayWithCapture is its ability to offer rewards to users who transact regularly with the app. Customers can earn points for every transaction they make using PayWithCapture, which they can then redeem for discounts on future purchases or other rewards such as free airtime or data bundles.

Furthermore, PayWithCapture enables customers to easily transfer money between bank accounts using just their phone numbers. This means that customers no longer need to remember complicated bank account numbers or worry about making mistakes when entering details.

The app also offers a range of security features designed to protect user data and prevent fraud. For example, users can set up biometric authentication using their fingerprints or facial recognition software in order to access the app, ensuring that only authorized users are able to access sensitive financial information.

Overall, PayWithCapture has quickly become one of the most popular fintech apps in Nigeria due to its ease-of-use, convenience and security features. As more people move towards cashless payment options in Nigeria due in part due government policies like CBN's cashless policy initiative , it's likely that apps like PayWithCapture will continue gaining popularity among consumers looking for fast and safe ways of transferring money and making payments online.

PML Advisory

is a leading Nigerian fintech firm that offers financial advisory, investment banking, and asset management services. The company was founded in 2016 by Paul Alaje and Michael Ogunbanwo. The firm's mission is to provide value-added financial services to businesses and individuals across Nigeria.

‘s financial advisory services cover mergers and acquisitions, divestitures, capital raising, debt restructuring, valuation, and due diligence. These services are tailored to meet the specific needs of clients in different sectors.

The firm has worked with several clients across various industries such as healthcare, energy, consumer goods, financial institutions and technology. The investment banking unit of PML Advisory offers corporate finance solutions for small and medium-sized enterprises (SMEs), startups and established companies.

The team provides customized solutions for businesses that require funding for expansion or working capital requirements. They also offer equity financing options such as private placements or initial public offerings (IPOs).

In addition to their financing solutions, PML Advisory provides strategic consulting services to help businesses improve their performance. ‘s asset management unit focuses on developing diversified investment portfolios that meet the specific risk-reward objectives of clients.

Clients can choose from a variety of products ranging from mutual funds to structured notes depending on their investment needs. The team leverages on market research and analysis to make informed decisions regarding portfolio allocation.

In recent years PML Advisory has received several awards for its outstanding service delivery in the Nigerian fintech industry. In 2020 the firm was recognized as the Best Corporate Finance & Investment Banker at the BusinessDay Banks' & Other Financial Institutions Awards.

Additionally, they were awarded Best Financial Advisor at the 2019 Global Banking & Finance Awards. Overall PML Advisory continues to be a respected player in Nigeria's booming fintech industry serving both local SMEs as well as providing international investors with access to opportunities in Africa's largest economy through innovative and client-centric financial services.

PrognoStore

is a cloud-based point-of-sale (POS) solution designed to help small and medium-sized businesses manage their sales, inventory, and customer data. It is a highly customizable platform that enables businesses to track their sales, inventory, and customer information in real-time. One of the key features of PrognoStore is its extensive inventory management capabilities.

Users can easily add new products to their inventory and create categories and subcategories for easy organization. They can also set minimum stock levels to ensure they never run out of popular items.

The system automatically updates the inventory when a sale is made, ensuring that businesses always have an accurate picture of their stock levels. Another important feature of PrognoStore is its sales management capabilities.

Users can easily create invoices and receipts for customers, as well as track payments and outstanding balances. The system also provides detailed reports on sales activity, allowing businesses to identify trends and make informed decisions about pricing and promotions.

also offers powerful customer management features. Users can store detailed information about each customer, including contact details, purchase history, and preferences.

This enables businesses to provide personalized service and targeted marketing campaigns. In addition to its core features, PrognoStore offers a range of integrations with other business tools such as QuickBooks Online, Xero Accounting Software, Shopify online store software etc., enabling users to streamline their operations even further.

Overall, PrognoStore is an excellent choice for small and medium-sized business owners who are looking for a powerful POS solution that offers extensive functionality without being overly complex or difficult to use. Its intuitive interface makes it easy for anyone with basic computer skills to get up and running quickly while its customizable features allow users with more advanced needs to tailor the platform according to their specific requirements.

QuickCheck

is a Nigerian fintech company that offers digital lending services to individuals and small businesses. The company was founded in 2016 by Fabiano Di Tomaso, Raphael Afaedor, and Emmanuel Acho.

aims to provide a seamless loan application and disbursement process for its customers. One of the unique features of QuickCheck is its use of artificial intelligence to assess the creditworthiness of its borrowers.

The company has developed an algorithm that uses data such as bank account transactions, mobile phone usage, and social media activity to determine the likelihood of a borrower repaying a loan. This approach allows QuickCheck to offer loans even to people who do not have a formal credit history.

offers two types of loans: personal loans and business loans. Personal loans range from ₦1,500 ($3.90) to ₦500,000 ($1,300) with repayment periods between 4 weeks and 12 months.

Business loans have a higher minimum amount of ₦100,000 ($260) but can go up to ₦5 million ($13,000). The interest rates for both types of loans vary depending on the loan amount and repayment period.

To apply for a loan with QuickCheck, customers need to download the QuickCheck app from Google Play Store or Apple App Store. They must then create an account and provide personal information such as name, address, phone number, and bank details.

Customers also need to grant permission for QuickCheck to access their mobile phone data. Once a customer's loan application is approved, they receive their funds directly in their bank account within minutes.

Repayments can be made through the QuickCheck app using debit cards or bank transfers. In addition to its lending services, QuickCheck also provides financial education resources for its customers through its blog section on their website.

These resources cover topics such as savings tips, budgeting advice, and entrepreneurship. ‘s goal is to help its customers improve their financial literacy and make informed decisions about their finances.

Riby

is a fintech company that focuses on providing financial management and savings services for cooperatives, trade groups, and individuals. The platform was founded in 2015 by Salami Abolore and Ogunjinmi Rotimi with the goal of reducing financial illiteracy and promoting thrift culture. offers its services through its web application, mobile application, and USSD code.

One of the key features of Riby is its cooperative management tool. The platform allows cooperatives to manage their members' contributions, savings, loans, investments, and expenses in real-time.

Members can easily make contributions through the platform using their debit cards or bank accounts. The contributions are automatically updated on their accounts, thus enabling them to track their savings progress easily.

also provides a peer-to-peer lending service that enables members to borrow money from other members within their cooperative at an affordable interest rate. The lending process on Riby is transparent; borrowers can see the loan terms upfront before applying for a loan.

Another feature that sets Riby apart from other fintech companies in Nigeria is its financial education program. The company offers a series of online courses designed to teach individuals how to manage their finances effectively.

The courses cover topics such as budgeting, saving tips, investment strategies, debt management among others. has received numerous accolades for its innovative approach to financial inclusion in Nigeria.

In 2018 it was named the winner of Innovate for Africa award by MIT Sloan Africa Business Club for its cooperative management tool which was noted as providing “a unique value proposition with deep impact potential.” Overall Riby's mission is clear – It wants Nigerians to develop a savings culture while offering them access to affordable credit facilities with flexible repayment plans through cooperatives or trade groups they belong in.

Seedvest

is a fintech company in Nigeria that specializes in investment and wealth management. The platform offers a range of investment options, including stocks, bonds, and mutual funds. is an innovative platform that uses technology to simplify investing for Nigerians.

The company aims to democratize access to wealth management services, making it possible for anyone to invest regardless of their income level. One of the standout features of Seedvest is its low fees.

The platform charges a fraction of what traditional wealth management firms charge. This makes it possible for investors to keep more of their earnings and compound their investments over time.

also offers personalized investment advice based on an individual's goals and risk tolerance. Another benefit of using Seedvest is the convenience it offers investors.

With the platform, investors can manage their portfolios from anywhere using their mobile devices or computers. This eliminates the need to visit traditional brick-and-mortar investment firms and saves time.

also provides educational resources for new investors who want to learn more about investing. The company's blog features articles on various topics related to investing, such as how to choose the right mutual fund or diversify your portfolio effectively.

Overall, Seedvest is an excellent choice for Nigerians looking to invest in stocks, bonds, or mutual funds at low fees with personalized advice and education resources readily available on its website. It stands out as one of Nigeria's top fintech companies dedicated to improving access and affordability within wealth management services.

SimplePay

is a Nigerian fintech company that offers a variety of payment solutions to both individuals and businesses. Founded in 2016, the company has quickly gained popularity due to its innovative approach to payments and financial services. In this section, we will take a closer look at SimplePay's products and services, as well as its impact on the Nigerian fintech industry.

One of SimplePay's core products is its payment gateway, which allows businesses to accept payments from customers using a variety of methods including debit cards, bank transfers, and USSD codes. This solution can be integrated into any website or mobile app, making it an ideal choice for startups and small businesses that are looking for an affordable and flexible payment processing solution.

In addition to its payment gateway, SimplePay also offers a range of other services including bill payments, airtime top-ups, and money transfers. These services can be accessed through the company's mobile app or website, making it easy for customers to manage their finances on-the-go.

The company's user-friendly interface has been praised for its simplicity and ease-of-use. Another key feature of SimplePay is its focus on security.

The company uses advanced encryption technology to protect customers' personal information and financial data from hackers and cybercriminals. This level of security has helped build trust among users who are increasingly concerned about online fraud.

has also been recognized for its impact on the Nigerian fintech industry. The company was named one of the top 50 African startups by Disrupt Africa in 2020, highlighting its growing influence in the region.

Its success has inspired other entrepreneurs to start their own fintech ventures in Nigeria. Overall, SimplePay is a leading example of how fintech companies can leverage technology to transform financial services in Nigeria.

Its innovative products have helped improve access to finance for millions of Nigerians while setting new standards for security and customer experience in the industry. As such, SimplePay is poised to continue growing and expanding its reach in the years to come.

Conclusion

Nigeria has seen a tremendous growth in the fintech industry in recent years.

With the rise of mobile technology and increasing access to financial services, the Nigerian fintech market is poised for even greater growth in the future. The companies listed here represent just a small fraction of the many innovative fintech companies operating across Nigeria.

The Top 100 fintech companies in Nigeria are revolutionizing how people manage their finances and invest their money. From mobile payments to online lending to wealth management, these companies are making it easier than ever for Nigerians to access financial services and products.

By leveraging technology and innovation, these companies are transforming traditional banking and finance by providing more affordable, efficient and accessible services. However, challenges such as regulatory barriers, cybersecurity risks, limited funding opportunities among others still exist within the ecosystem despite efforts by various stakeholders to address them.

Therefore, there is a need for increased collaboration between regulators and players within the industry to create an enabling environment that will foster innovation while ensuring consumer protection. As we look to the future of fintech in Nigeria, there is reason for optimism.

With a growing population of digitally-savvy consumers who demand more convenient and accessible financial services, along with supportive government policies aimed at promoting innovation within the sector – there is no doubt that Nigeria's fintech sector will continue its impressive growth trajectory in years to come. It is clear that these Top 100 Fintech Companies in Nigeria have played significant roles in driving financial inclusion by providing digital financial solutions that cater specifically for unbanked or underbanked individuals; thus contributing significantly towards achieving Sustainable Development Goals (SDGs) through provision of innovative solutions that promote economic growth while improving livelihoods of citizens across Nigeria.