PalmPay Recognized Among Top 300 Global Fintech Companies for 2025

PalmPay, a prominent neobank and fintech platform based in Nigeria, has been named one of the Top 300 Fintech Companies in the World for 2025 by CNBC and Statista. This accolade marks the second consecutive year that PalmPay has been acknowledged for its innovative contributions to the financial technology sector, reflecting its strong growth and impact in emerging markets.

The selection process involved a thorough evaluation of thousands of companies worldwide, with factors such as growth, innovation, market penetration, and overall impact taken into account. The 2025 list features well-established global players, including Revolut, Nubank, and Ant Group, alongside emerging fintech stars like PalmPay. This recognition underscores the increasing influence of fintech companies operating in emerging markets.

Significant Growth and Services

PalmPay’s inclusion on this prestigious list highlights its robust trajectory as one of Africa’s leading fintech platforms. Currently, the company boasts over 35 million registered users and processes up to 15 million transactions daily. Its comprehensive suite of digital financial services is designed to cater to the needs of underserved communities.

In Nigeria, PalmPay operates as a full-service neobank, offering essential consumer financial services such as money transfers, bill payments, credit options, savings accounts, and insurance. All these services are accessible through a user-friendly app, supported by a network of over 1 million agents and merchant partners across the country.

The company also provides point-of-sale (POS) and API-driven business-to-business (B2B) solutions tailored specifically for merchants and enterprise clients. This diversified approach enables PalmPay to effectively meet the varied financial needs of its users.

Commitment to Financial Inclusion

“Being recognized as one of the world’s top fintech companies by CNBC and Statista is a powerful affirmation of our mission to build a more inclusive financial system,” stated Sofia Zab, Founding Chief Marketing Officer at PalmPay. She emphasized the company’s dedication to leveraging cutting-edge technology and a customer-first mindset to enhance financial access for consumers and businesses alike.

As part of its expansion strategy, PalmPay has recently launched operations in Tanzania and Bangladesh, introducing a smartphone device financing model that serves as an entry point for digital financial services in these markets. Jiapei Yan, Group Chief Commercial Officer at PalmPay, commented on the initiative, stating that the company is creating the infrastructure for a connected digital economy where both individuals and businesses can thrive.

This recognition from CNBC and Statista not only affirms PalmPay’s progress but also highlights the vast opportunities that lie ahead as the company expands into more emerging markets.

PalmPay’s recent accolades include ranking as the second overall and first in the financial services sector on the Financial Times list of Africa’s Fastest-Growing Companies for 2025. This ranking was based on revenue growth between 2020 and 2023, showcasing PalmPay’s rapid scale and market traction across the African continent.

Currently, PalmPay operates in Nigeria, Ghana, Tanzania, and Bangladesh, with plans for further expansion across Africa and Asia. By focusing on device financing, digital banking, and B2B payment services, the company aims to continue shaping the future of inclusive financial growth.

About PalmPay: PalmPay is a leading neobank and fintech platform dedicated to driving financial inclusion and economic empowerment in underserved emerging markets. Since launching in Nigeria in 2019 under a Mobile Money Operator license, the platform has grown significantly, now serving over 35 million app users and processing up to 15 million transactions daily. The company offers a wide range of products, including mobile payments, credit, savings, and micro-insurance, all accessible through its app and mobile money agent network. For more information, visit www.palmpay.com.