Fintech can be defined as any creative or lucrative ideas to boast or enrich financial service forms. A Fintech companies aims to improve financial procedures and increase automation of the industry in Nigeria.

Do you know that there are over 200 Fintech companies in Nigeria? Well today we’ll be looking at the top 10 Fintech Companies in Nigeria. Let’s dive right into it.


Founded in 2015 by Ezra Olubi and Shola Akindele, the dynamic duo who after being course-mates in the university went the extra mile and founded the PayStack company which in 2020 they sold for about N72 billion.

PayStack Fintech Company is arguably one of the best Fintech Company in Nigeria. PayStack is an online payment gateway that makes the process of transaction very easy. It is a payment platform that makes the online payments consistent for both the user and business attempting to make a payment.

PayStack accepts so many channels which proves why they are one of the best, they accepts Master Card, Visa Card, Verve Card, Mobile Money Account and even USSD.


Launched in 2016 as a Nigerian and USA payment based company. It was founded by Olugbenga Agboola, Iyinoluwa Aboyeji.

Flutterwave is a Fintech Company that provides a payment medium or infrastructure for merchants (both global and local) and payment service providers. Flutterwave is in over 33 African Countries.

Most people ask if Flutter wave if better than PayStack? Well it depends on your angle. Flutterwave charges 3.8% per transactions for international transactions, which is cheaper than PayStack. While on the other hand PayStack is much cheaper when it comes to local transactions.

Flutterwave makes use of various payment channels such as Visa Card, Verve Card, Master Card and Web.


PiggyVest was found in 2016, February the 15th by Ayo Akinola, Joshua Chibueze, Nonso Eagle, Odunayo Eweniyi and Somto Ifezue. It was formally called Piggy Bank but the company later evolved after changing their services which initially started as an online saving platform to suit various other services such as investments.

Although it was recorded in Oct 18, 2021 that PiggyVest lost about N2 Billion by alleged fraud but PiggyVest has assured their customers of their continuous services. With over 2.5 million customers, PiggyVest paid out over N424 Million to customers during the course of 2021. Which shows just how trust worthy they are and can be.

PiggyVest makes use of various channels for payment such as; Master Card, Verve Card, Mobile Banking and USSD.



Founded in 2002 by Mitchell Elegbe, interswitch is also called an African Fintech Power House.
Interswitch is an African Focused integrated digital payment and commercial company that facilitates the circulation of money electrically to connect different banks in Nigeria and also provides technology for ATM cards

Interswitch has proven to be trust worthy and consistent, they make use of various channels for payments such as Visa Card, Verve Card, Master Card and Web.


Founded in 2018, Opay is one of Nigeria’s fastest growing fintech company, initially was an Uber and logistics company but after a ban from the Government during the coronavirus pandemic which stopped all of their operation pushed them further into a Fintech company.

In less than 4 years, Opay has gone to higher feet’s, from running a mere motorcycle agency to a full blown fintech company which is among the leading fintech companies here in Nigeria.

Opay make use of various channels for payments such as; Visa Card, Verve Card, Master Card, Web, USSD, POS, IVR and Visa QR.


Kuda Bank which is owned by Babs Ogundeyi was founded in 2017, it was initially called Kudi Money. It is a London based Nigerian Operating Financial Technology Fintech Company.

A 100% online banking platform, which is very unique, stress free and hassle free, a bank which incurs less fees on their customers, no card maintenance fee, no transfer charges, and it also allows saving services to users, all completely accessible through the mobile platform.

They also make use of various platform for payments such as; Visa Card, Verve Card, Master Card, Web, USSD, POS and Visa QR.


Founded by John Obaro in 1992 (but launched fully in 2005), Remita is basically an electronic platform in which users can receive and make payment to any one or any bank across the country.

Remita is the payment gateway for Federal Government funds generated from levies, taxes and tariffs. Even if you don’t have the remita software i bet you must have come across the Remita platform, either directly or indirectly.

Remita is mostly used during payments of bills, levies and taxes. Remita uses various payments channels such as; Visa Card, Verve Card and Web.


Founded by Niyi Toluwalope in 2003. Etranzact is an e-payment solution platform, delivering electronic transaction switching and payment solution platform.

Etranzact operates in various countries such as Nigeria, Ghana, Kenya, Zimbabwe, Cote d’ivoire and UK. The are one of the most trusted fintech companies in Nigeria.

Etranzact uses various channels for payments, such as; Visa Card, Verve Card, Master Card, Web, USSD. POS and Visa QR.


Founded by Jay Alabrab and Tayo Oviosu in 2009, Paga helps in creating simple financial access. It is a mobile payment company that are creating an ecosystem which allows people to digitally send and receive money directly from their mobile phones.

Apart from majorly allowing one to receive or pay money on an international scale, Paga also provides local services such as payment of local bills, school fees etc.

Paga makes use of various channels for payments such as Visa Card , Verve Card, Master Card and Web.


Founded by Chijoke Dozie and Ngozi Dozie in 2016, the brothers started the company as a digital lending company in Nigeria but has evolved into a digital bank and also a fintech company.

Carbon allows their customers to pay bills, transfer money as well as to access loans from their mobile phone.

Carbon makes use of various payment channels such as Verve Card, Master Card, Visa Card, USSD and Web.


Remember there are over 200 Fintech Company here in Nigeria, some actually might suit your needs better but these are our official top 10 Fintech Companies in Nigeria.

I hope you enjoyed reading this article, if you did, you should also see the top 10 bank in Nigeria.

Thank you for reading.


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