…Fintech giant joins global players like Revolut and Ant Group, spotlighting Africa’s growing clout in digital financial innovation.
By Damilola Abiola
PalmPay, the Nigeria-based neobank transforming digital finance in emerging markets, has once again been recognised as one of the Top 300 Fintech Companies in the World by CNBC and Statista. This marks the second consecutive year the company has earned its place on the prestigious list, joining global leaders such as Revolut, Nubank, and Ant Group.
The recognition is based on a global evaluation of thousands of fintechs, assessing key metrics including growth, innovation, market impact, and user adoption.
“This is a powerful affirmation of our mission to build a more inclusive financial system,” said Sofia Zab, Founding Chief Marketing Officer at PalmPay. “Through cutting-edge technology, deep local distribution, and a customer-first mindset, we’ve built Nigeria’s leading neobank.”
PalmPay has grown into one of Africa’s fintech heavyweights, boasting over 35 million registered users and processing up to 15 million transactions daily. The platform offers services including transfers, bill payments, savings, credit, insurance, and B2B solutions—all accessible via its intuitive mobile app and supported by over 1 million agents and merchant partners across Nigeria.
The recognition by CNBC and Statista highlights the rising influence of fintechs operating in high-growth markets. It also coincides with PalmPay’s strategic expansion into new territories such as Tanzania and Bangladesh, where it is launching smartphone-based financing as a gateway to digital banking.
“PalmPay is building a neobanking platform tailored to the realities of emerging markets,” said Jiapei Yan, Group Chief Commercial Officer. “We are creating the infrastructure for a connected digital economy, where people and businesses can thrive through reliable, inclusive financial tools.”
Earlier this year, PalmPay was also ranked #2 overall and #1 in financial services on the Financial Times’ Africa’s Fastest-Growing Companies 2025 list, which analysed revenue growth from 2020 to 2023.
The company currently operates in Nigeria, Ghana, Tanzania, and Bangladesh, and is pursuing further expansion across Africa and Asia. Backed by a robust technology stack and a partnership-led model, PalmPay says its long-term focus remains on closing financial access gaps and powering inclusive economic growth.
“As we scale PalmPay across more emerging markets, our focus remains on creating lasting value for our users, partners, and the communities we serve,” Zab added.