Top 10 Fintech Companies in Nigeria (2021)

Best Fintech Companies in Nigeria

Financial Technology companies popularly called fintech companies in Nigeria are fast rising as a result of millions of unbanked citizens in the country.

Nigeria's best fintech

Banks and financial institutions in Nigeria are known to only operate in top cities and super high ways in Nigeria.

This leaves millions of Nigerians in rural, semi urban and other terrain unbanked.

This is one of many solutions financial technology companies have come to provide.

Fintech companies are establishment that exploit use of technology to provide basic financial services like bill payments, transfer of funds etc that ordinarily are carried by banks.

Also, these fintech companies ensure a stress free financial activities as users and customers are one click away from making payments for bills, purchases and fund transfers.

There is no doubt that these financial technology companies have come to share in the profits of Nigerian banks.

However, these firms can still not be compared to banks as their services have limits unlike banks in financial activities in Nigeria.

Nigeria is a very large market and it is not surprising that many fintech startups are emerging and soaring high.

Currently in Nigeria, there are over 20 fintech companies and firms operating in the country.

These electronic payments companies compete to have share of Nigerian’s online payments infrastructure.

In this post, we will be coming up with the top rated fintech companies in Nigeria.

Popular & Top Rated Fintech Companies in Nigeria

Some of Nigeria’s best financial technology companies have operated for decade while some despite their young age has made strong entry into the market and broke records.

Some of the Nigeria’s best financial technology companies are unicorn firms which means they are valued at $1 billion and above.

Some of top fintech companies in Nigeria are the most acceptable electronic payments firms in Nigeria.

Their services are found in payment infrastructure of most top businesses in Nigeria.

Below is the list of top fintech companies in Nigeria.

List of Nigeria’s Top Fintech Companies

Here are Nigeria most popular and widely used fintech companies in Nigeria.

Interswitch

Interswitch is ranked the biggest and best fintech company in Nigeria.

The electronic facilitating company was founded in 2002 by Mitchell Elegbe and has grown into one of the biggest and most trusted financial technology companies in Africa.

The company is headquartered in Lagos and is among the first fintech firms to come on in Nigeria.

It is one of the very few financial technology companies that are considered unicorn in Nigeria.

Interswitch is the owner of Nigerian’s popular debit card, Verve.

Their platform and service can be accessed in almost all the ATM machines in Nigeria.

They provide payment solutions for Nigeria high profile companies and startups.

Paystacks

Paystacks is another highly rated fintech company in Nigeria.

The company is trusted by over 60,000 businesses and is known for providing reliable payment solutions for businesses and individuals in and across Africa.

They are headqutered in Ikeja Lagos and is also a unicorn in Nigeria financial technology industry.

In October 2020,Stripe, a payment solution giant, acquired Paystacks in a multi million dollar deal. It is a high flying fintech company in Nigeria.

Flutterwave

Flutterwave headed by Olugbenga Agboola and founded in 2014 has become a leading fintech firm in Nigeria.

They provides seemless payment solutions across the world.

Flutterwave is headqutered in San Francisco, USA and is in the list of best financial technology companies in Nigeria.

Recently, Flutterwave was announced as unicorn joining the likes of Interswitch and Paystacks.

eTransact

This is one of Nigerian’s premier payment processing service provider in Nigeria.

eTransact is trusted by over 7000 business and financial institutions. The company was founded in 2003 and has expended into Ghana, South Africa, Cote d’voire, Kenya and UK.

The firm is headqutered in Victoria Island Lagos and is among the best and most trusted e payment gateways in Nigeria.

Remita

Remita is another very popular and highly rated financial technology company in Nigeria.

Remita helps individuals and businesses collect money, make payments and manage their finances.

It is one of the popularly used payment infrastructure for government levies and taxes.

Remita is headqutered at Plot B22 Chief Yesufu Abiodun Oniru Road, Oniru, Lagos, Nigeria.

Paga

Paga is among the premier fintech companies in Nigeria. They are one of the best companies leading and driving mobile money markets in Nigeria.

They are out to make use of money simple and easily accessible. It is a very popular payment gateway in Nigeria and is highly reliable and trusted by millions in Nigeria.

Paga head office address is 176 Herbert Maculay Road, Yaba, Lagos.

VoguePay

VoguePay is a payment solution designed to help you capture more revenue and facilitate payments.

Transactions carried out on VoguePay has exceeded above $2 million.

VoguePay is located at 33A, Abba Johnson Crescent, Akora Estate, Off Adeniyi Jones, 101211, Ikeja.

It is ranked among the top best fintech companies in Nigeria.

OPay

This another fintech firm making waves in Nigeria as top financial technology company in Nigeria.

They are known for seamless transfer and facilitation of electronic payments.

They also give out point of sale to some of their partners for effective online payments and transactions.

Terrapay

Terrapay is licenced digital payments infrastructure and solution provider.

The company manipulates technology to enable businesses and individuals globally to send and receive money.

They are renowned fintech company in Nigeria. They are headqutered in Netherlands but operates and have outlets in Nigeria.

PayU

This is one of the very best financial technology and electronic payments facilitating companies in Nigeria.

It is a global fintech firm with operations in Nigeria. It is also a unicorn and is highly trusted by Nigerian businesses.

Their Nigeria address is multichoice Nigeria Lllimited, 1381 tiamiyu savage St, Victoria Island, Lagos.

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The Author

Emmanuel Igwenagu

Igwenagu Emmanuel is the founder of Nigerian Informer. He holds B.A, M.Sc in Mass Communication. He is a Communication researcher and 112 emergency help line dispatcher.

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