PalmPay Secures Spot on CNBC’s Top 300 Fintech Companies for 2025

PalmPay, a prominent neobank and fintech platform operating in emerging markets, has been recognized as one of the world’s top 300 fintech companies for 2025 by CNBC and Statista. This achievement marks the second consecutive year the company has been featured on this prestigious list, which assesses companies based on their growth, innovation, market penetration, and impact.

The selection process involved a thorough evaluation of thousands of firms worldwide, spotlighting a blend of established giants such as Revolut, Nubank, and Ant Group, alongside rising players from high-growth regions. PalmPay’s inclusion showcases the increasing significance of fintech companies emerging from Africa, where it has established itself as a leader.

With over 35 million registered users and processing up to 15 million transactions daily, PalmPay offers a wide array of digital financial services tailored to underserved communities. In its primary market, Nigeria, PalmPay operates as a full-service neobank, providing essential consumer financial services such as money transfers, bill payments, credit, savings, and insurance. These services are easily accessible via its user-friendly app and supported by a network of over 1 million agents and merchant partners across the country.

Expansion Plans and Future Growth

PalmPay is actively pursuing an expansion strategy that recently saw its launch in Tanzania and Bangladesh. This expansion includes a smartphone device financing model designed to facilitate access to digital financial services for new users.

“Our mission to build a more inclusive financial system is further affirmed by being recognized as one of the world’s top fintech companies,” said Sofia Zab, Founding Chief Marketing Officer at PalmPay. “Through innovative technology and a customer-centric approach, we have positioned ourselves as Nigeria’s leading neobank. As we expand into more emerging markets, we are committed to bridging financial access gaps for consumers and businesses alike.”

Jiapei Yan, Group Chief Commercial Officer at PalmPay, emphasized the company’s commitment to creating a neobanking platform tailored to the needs of emerging markets. “We are building the infrastructure for a connected digital economy, enabling people and businesses to thrive with reliable and inclusive financial tools,” he stated. This recognition from CNBC and Statista not only highlights PalmPay’s progress but also acknowledges the vast opportunities ahead as the company continues to grow.

Earlier in 2025, PalmPay received additional accolades, ranking #2 overall and #1 in the financial services sector on the Financial Times list of Africa’s Fastest-Growing Companies. This ranking underscored the company’s rapid growth and market traction across the continent from 2020 to 2023.

Currently, PalmPay operates in Nigeria, Ghana, Tanzania, and Bangladesh, with plans to further extend its reach through device financing, digital banking, and B2B payment services. The company is dedicated to shaping the future of financial inclusion and economic empowerment in underserved emerging markets.

About PalmPay

Founded in 2019 under a Mobile Money Operator license, PalmPay has rapidly grown to become a leading neobank and fintech platform in Africa. It provides a secure and user-friendly suite of financial services, empowering individuals and businesses with tools to manage and grow their finances. With a comprehensive product range that includes mobile payments, credit, savings, and micro-insurance, PalmPay continues to expand its influence across multiple regions.

For more information about PalmPay and its services, visit www.palmpay.com.