Four Nigerian Fintechs Make CNBC Top 250 List

Four Nigerian Fintechs Make CNBC Top 250 List

CNBC, in partnership with market research firm Statista, has named four Nigerian fintechs among the top 250 fintech companies in the world.

CNBC‘s World’s Top Fintech Companies 2024 report includes companies from various market categories.

The firms were selected based on their performances and newsworthiness.

The CNBC/Statista list honours fintech pioneers significantly transforming the financial services industry through technology.

According to the news channel, the listed companies are shaping the future of financial services, fueled by technological advancements, expanding global markets, and collaborative leadership.

Over 2000 companies were evaluated globally based on general and sector-specific KPIs to determine the final selection of 250.

Companies that made the CNBC list of the world’s top 250 fintech companies were evaluated based on key performance indicators including 

•  user base growth,
•  innovative technology
•  market potential, and 
• social impact. 

Highlighting the criteria for selection, CNBC said;

“This year’s report identified fintech companies spanning eight categories. The list is based on analysis and weighting of overarching general KPIs and segment specific KPIs focused on the individual categories.”

The four Nigerian Fintechs on the list and their categories are;

Flutterwave (Nigeria/US)—Payments; 

Kuda (Nigeria/UK)—Neobanking;

 PalmPay (Nigeria)—Payments; 

Piggyvest (Nigeria)—Financial planning; 

The two other African companies on the list are 

MTN (South Africa)—Payments; and

Yoco (South Africa)—Payments.

TechCity