In a strong show of rising influence from emerging markets, African fintech platform PalmPay has been named among the world’s Top 300 Fintech Companies by CNBC and Statista. This marks the second consecutive year the Nigerian-born neobank has made the list — a sign that its impact is becoming too big to ignore.
The rankings, announced earlier this week, assessed thousands of fintech firms across the globe. Criteria included innovation, user growth, market share, and tangible impact. Alongside global titans like Ant Group, Nubank, and Revolut, PalmPay stood out as a tech-forward solution for underserved communities.
“To be recognised as one of the world’s top fintech companies by CNBC and Statista is a powerful affirmation of our mission,” said Sofia Zab, Founding Chief Marketing Officer at PalmPay.“Through cutting-edge technology and deep local distribution, we’ve built Nigeria’s leading neobank.”
From Nigeria to Global: PalmPay’s Fintech Expansion
With over 35 million registered users and 15 million daily transactions, PalmPay is redefining what digital banking can look like in high-growth economies. Operating in Nigeria as a full-service neobank, its offerings include bill payments, savings, credit, insurance, and peer-to-peer transfers — all through a smooth mobile interface.
The company supports a network of over 1 million agents and merchants, providing both retail and B2B solutions such as POS and API integrations. PalmPay recently extended its reach to Tanzania and Bangladesh, introducing smartphone-based device financing as a gateway to digital finance.
“PalmPay is building infrastructure for a connected digital economy — where people and businesses can thrive through inclusive tools,” said Jiapei Yan, the company’s Group Chief Commercial Officer.
The fintech’s growing influence was already evident earlier this year when it ranked #2 overall and #1 in financial services on the Financial Times – Africa’s Fastest-Growing Companies 2025 list. That recognition, based on revenue growth from 2020 to 2023, underscored PalmPay’s momentum across Africa’s fast-digitising landscape.
Today, PalmPay operates in Nigeria, Ghana, Tanzania, and Bangladesh, with plans to widen its footprint across Africa and Asia. By combining smart devices, neobanking, and scalable payment infrastructure, the company is shaping a new era of inclusive financial growth.
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