This list, compiled in partnership with Statista, underscores the rapid growth and innovation within the African fintech sector.

It highlights companies that are driving financial inclusion and transforming financial services across the continent.

The six African fintech companies in the list include:

1. PalmPay (Nigeria)

PalmPay has been recognized for its comprehensive fintech platform, which offers a range of financial services including money transfers, bill payments, credit services, and savings through its user-friendly app and extensive network of mobile money agents.

The company’s dual approach to digital banking combined with offline touchpoints has significantly contributed to financial inclusion in Nigeria, where a substantial portion of the population remains unbanked.

PalmPay’s recognition by CNBC and Statista validates its unique model and its commitment to expanding financial access in emerging markets.

2. Flutterwave (Nigeria/US)

Flutterwave continues to make waves with its robust payment solutions that facilitate seamless transactions across borders.

The company’s innovative payment infrastructure supports businesses of all sizes, enabling them to thrive in the digital economy.

3. Kuda (Nigeria/UK)

Kuda, a leading neobank, has garnered attention for its customer-centric banking services that eliminate the need for traditional banking fees.

By offering a range of digital banking solutions, Kuda has made banking more accessible and affordable for millions of Nigerians.

4. MTN (South Africa)

MTN’s financial services, particularly its mobile money platform, have revolutionized how people in South Africa and other African markets manage their finances.

MTN provides easy-to-use and secure payment solutions, playing a crucial role in enhancing financial inclusion and empowering individuals and businesses to engage in the digital economy.

5. Piggyvest (Nigeria)

Piggyvest has been celebrated for its innovative financial planning tools that help users save and invest money efficiently.

The company leverages technology to offer personalized financial advice and automated savings options.

6. Yoco (South Africa)

Yoco’s payment solutions have empowered small businesses in South Africa by providing them with affordable and accessible point-of-sale systems.

Yoco’s focus on supporting entrepreneurs and enabling digital payments has earned it a place on CNBC’s list, highlighting its role in fostering economic growth and supporting the small business ecosystem in Africa​.

The inclusion of these six African fintech companies in CNBC’s top 250 list is a testament to the innovation and impact of the continent’s fintech sector.

These companies are transforming financial services and driving financial inclusion and economic development across Africa.

Here is the full list – https://www.cnbc.com/the-worlds-top-250-fintech-companies-2024/