Top 25 Fintech Companies in Nigeria 2023

top fintech companies in Nigeria

Last Updated on January 19, 2023

Fintech (Financial technology) is the biggest tech/startup sector in Nigeria. The Fintech sector in Nigeria has received more VC (Venture capital) funding than any other sector in Nigeria and Africa as a whole.

Fintech companies in Nigeria are driving real change for consumers as well as businesses. They are unbundling financial services that used to go through the banks by providing more efficient and streamlined services. 

While there is no exact number of fintech companies in Nigeria as new fintechs continue to spring up every day.

There’s a guesstimate of over 250 fintech companies in Nigeria with a lot of these companies securing investment.

See: Genuine Online Investment Companies in Nigeria

List of Fintech Companies in Nigeria 2023

After detailed research, this is the list of top fintech companies in Nigeria:

  1. Flutterwave
  2. Piggyvest
  3. Paystack
  4. Bankly
  5. Remita / SystemSpecs
  6. Moniepoint (TeamApt)
  7. Lidya
  8. Carbon
  9. Kuda
  10. Risevest
  11. Trove App
  12. Bamboo
  13. Interswitch
  14. Opay
  15. Chippercash
  16. Paga
  17. e-Tranzact
  18. Cred-Pal
  19. V Bank By VFD
  20. Eyowo
  21. Fint
  22. Fair Money
  23. WalletAfrica
  24. Cellulant
  25. NowNow

Also See: Accredited HMO Companies in Nigeria

1. Flutterwave

flutterwave review

Flutterwave is another online payment company that just became an African Unicorn. Flutterwave helps African companies and creatives easily make and collect payments from anywhere in the world. 

Checkout: Top Payment Gateways in Nigeria for your Business

2. Piggyvest

Piggyvest started out as an online savings platform in Nigeria. But has since added investment products to its suite of products.

Piggyvest currently helps around 2 million Nigerians save and invest from their smartphones.

See: Best Money Saving Apps in Nigeria

3. Paystack

paystack review

Paystack is an online payment company in Nigeria.  The company currently positions itself as a growth engine for innovative companies and Creatives in Africa. In essence, Paystack facilitates easy online and offline payments in Africa. 

4. Bankly


Bankly is a fintech in Nigeria focused on providing access to financial services for the underserved. 

The company sees itself as the bridge between the informal and formal financial ecosystems in Nigeria.

Bankly’s suite of products includes financing, deposits, savings, bill payments as well as a POS service.

See: How to Start a POS Business in NIgeria

5. Remita / SystemSpecs


Remita is one of Nigeria’s top online payment companies that helps both individuals and companies collect and make payments and also manage their finances across multiple different banks.

After retailing software products and then going on to create its own successful Payroll/Human resources management Software (HumanManager). SystemSpecs then went on to create one of Nigeria’s fintech solution behemoths in Remita.

Remita exploded as it became the sole revenue collector system for the Nigerian government. Remita has since become a fully functional payment platform for individuals and organisations.

Checkout: Legit Forex Investment Companies in Nigeria

6. Moniepoint (TeamApt)

Teamapt is a fintech that develops digital banking and digital business solutions as well as payments infrastructure. The company also operates the largest non-bank money mobile platform.

Teamapt has two main products in Moniepoint and Monnify.

7. Lidya


Lidya offers collateral-free business loans to people in Nigeria.  Companies can get financing through Lidya without having to go to the bank while also avoiding hidden fees. 

8. Carbon

carbon paylater

One of the pioneer fintech companies in Nigeria. Carbon started out as a digital lender in Nigeria but has since transitioned into a digital bank that you can pay bills with, transfer money as well as access instant loans from.


9. Kuda Bank

kuda bank

Kuda is a mobile-only bank that offers zero card maintenance fees, free transfers, automatic savings to Nigerians.

10. Risevest

rise app

Risevest is a wealth management company (wealthtech) offering dollar investment opportunities to Nigerians.

This investment company helps people manage their wealth by offering investment plans like US real estate, US Stocks as well as fixed-income opportunities.

Checkout: How to Buy Facebook Shares from Nigeria

11. Trove App


Trove is an online investment platform in Nigeria that allows anyone to start investing in Nigerian and  US stocks from as little as N1000.

Read: Best Stock Trading Apps in Nigeria

12. Bamboo

Bamboo app investment

Bamboo is another investment company in Nigeria for investing in local and foreign stocks using its app.

See: How to Buy Shares in Nigeria

13. Interswitch

Online payment gateway in Nigeria Interwsitch

Interswitch is one of Nigeria’s pioneer payments company digitizing the payment ecosystem in Africa.

Having started operations in 2002 as a transaction switching and electronic payment processing company.

Interswitch has grown into an integrated payment services company building innovative payment and finance products in Africa. 

14. Opay

opay nigeria

Opay is a mobile money payment service in Nigeria that lets anyone pay bills, transfer and receive money, access loans as well as easily save on its app.

The company claims it processes over 60% of the mobile money transactions in Nigeria.

15. Chippercash

chipper cash features

Chipper Cash is a platform for sending and receiving money across Africa. This is one of the fintech companies in Nigeria that you can use to receive money from other African countries like South Africa, Kenya, Ghana, Tanzania, Rwanda and Uganda.

Chipper cash currently has over 3 million users while adding 10,000 users every day. 

16. Paga

One of the popular fintech companies in Nigeria, Paga is a mobile payment platform for easily sending and receiving money in Nigeria.

Paga is a mobile wallet for depositing and saving money, purchasing prepaid phone credit, paying bills, and also for making payments to retailers.

17. eTranzact

Tranzact is one of Nigeria’s top payment processing platforms. It is the only payment processing platform that is quoted on the Nigerian stock exchange. The company has relationships and partners with over 50 commercial banks and microfinance institutions around Africa.

It also has integrations with some of the biggest international payment companies in the world like Paypal, Western Union, Money gram and Transferwise.

18. Credpal

credpal loan app

One of the rare fintech companies in Nigeria operating in the space of credit cards and Buy Now Pay Later in Nigeria.

Credpal offers credit cards that help people easily pay for things at any time. The company’s credit card also offers cashback on everything purchased.  

19. V bank by VFD

V bank by Nigeria app

V bank is one of the growing digital banks in Nigeria. V bank was created by VFD Microfinance bank in Nigeria. Other than the usual banking functions that every bank app in Nigeria has. V bank also allows users to track their expenses and income, group budgets, and set spending limits.

20. Eyowo


Eyowo is a financial platform for individuals in Nigeria to send, receive, save and borrow money with just a phone number. Eyowo also has a product for retail businesses in Nigeria.

21. Fint

fint loan

Fint is Nigeria’s pioneer loan marketplace. This fintech company connects borrowers to individual and corporate leaders who are seeking to earn returns from low-risk investments in Nigeria. 

Fint is Nigeria’s peer-to-peer (p2p) loan platform. However, other platforms offering P2P loan in Nigeria have started to pop up.

22. Fairmoney


Fairmoney is one of the popular fintech companies in Nigeria that started offering instant online loans in Nigeria. Now Fairmoney has transitioned into a digital bank in Nigeria with a microfinance bank license.

Fairmoney loan app claims to offer quick loans in under 5 minutes through its mobile app.

See: Best Loan apps in Nigeria with Low Interest

23. Wallet Africa

wallet africa

Wallet Africa mission is to build financial tools for the next billion users coming out of Africa.

This fintech company helps Africans to send and receive money locally and internationally, and create and use virtual dollar cards and physical naira cards.

It also has solutions for African businesses that help them access overdrafts as well as manage their expenses. 

24. Cellulant

Cellulant claims to be Africa’s one-stop shop for payments. This fintech company is a Payment Platform Infrastructure Service Provider (PPISP).

The company’s payment infrastructure and ecosystem give consumers, governments, small businesses, as well as organisations, access to financial instruments and infrastructures like cards, bank accounts, wallets, banks, and mobile money accounts.

Cellulant doesn’t just stop there. They also offer acess to payment channels like agents, apps, web portals & payment APIs for shopping cart checkout.

25. NowNow

NowNow is one of the new fintech companies in Nigeria on the block. It offers a digital app that allows individuals to send money, receive money and pay bills. As well as a NowNow Mastercard card that comes with cashback, discounts, perks and rewards.

NowNow also offers POS services to businesses that want to become POS agents.

There’s also the NowNow Marketplace where businesses can sell online and put their products in front of thousands of buyers at zero fees, and zero commission.

Note: This list will be updated constantly. If you think your company’s name should be here. Please send us your company details to [email protected] and we will have a look. Thank you. 

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