Nigeria is one of the most populous countries in the world, and its economy is booming. This makes it the perfect place for fintech companies to thrive, and there are a number of them doing just that. In this article, we’ll take a look at the top 10 fintech companies in Nigeria.
Whether you’re looking for a way to pay your bills online, send money to your family and friends, or invest your money in a secure way, you’ll find a fintech company that can help you do it. So, whether you’re living in Nigeria or elsewhere, be sure to check out these top 10 fintech companies.
Top 10 fintech companies in Nigeria
So, you want to know more about the top fintech companies in Nigeria? Okay, let’s take a look.
First of all, what is fintech? Fintech is short for financial technology and it’s basically the use of technology to make financial transactions easier. These days, a lot of people are using their phones to pay for things, and that’s thanks to fintech companies.
Now that you know what fintech is, let’s take a look at the top 10 companies in Nigeria. These are the companies that are shaking up the financial industry and making it easier for people to access their money.
SureRemit
You might not have heard of SureRemit, but it’s one of the top fintech companies in Nigeria. In fact, it’s been named the ‘Best Fintech Company in Africa’ two years in a row. Here’s a little bit about them:
SureRemit was founded in 2017 by Olaoluwa Samuel-Biyi, Adeoye Ojo and Babafemi Lawal. It allows people to send money to family and friends in Africa without having to worry about high transaction fees.
Plus, there are a ton of other benefits to using SureRemit. Here are seven of them:
1. You can use SureRemit to pay for goods and services online.
2. You can use it to pay bills and utility bills.
3. You can use it to pay school fees.
4. You can use it to donate to charity.
5. You can use it to buy airtime for your phone.
6. You can use it to send money to family and friends in Africa.
7. It’s secure and easy to use.
SureRemit is a blockchain-based solution that allows people to send money to family and friends in Africa without having to worry about high transaction fees. Plus, there are a ton of other benefits to using SureRemit. Here’s how to sign up:
1. Go to the SureRemit website and create an account.
2. Verify your email address.
3. Choose a payment method. You can use a credit or debit card, or you can link your bank account.
4. Enter the amount of money you want to send.
5. Enter the recipient’s mobile number or email address.
6. Choose the reason for the transfer.
7. Review the transaction and click “Send.”
It’s that easy! Plus, you can be sure that your money will arrive safely and quickly.
Paga
The mission of Paga was to make it simple for anyone to send and receive money. Paga was founded in 2009 by Tayo Oviosu. Today, Paga is the leading digital payments company in Nigeria, with over 10 million customers and a network of over 150,000 agents.
Paga has grown rapidly since its launch, thanks to its innovative technology and commitment to customer service. The company has won numerous awards, including the World Bank Group’s Financial Inclusion Award and the MasterCard Foundation’s Inclusive Markets Award.
Paga’s success is due in large part to its focus on the needs of its customers. The company has developed a number of features to make it easy for people to send and receive money, including a mobile app, a USSD code ( *242*4# ), and a network of over 150,000 agents.
Paga is also committed to helping its customers save money. The company offers a number of discounts and cashback offers to its customers, and has partnered with a number of businesses to provide discounts on products and services.
Paga is one of the most innovative companies in the Nigerian fintech space, and is well-positioned to continue its growth in the years to come.
As one of the leading fintech companies in Nigeria, Paga has a lot to offer its users. So what exactly does Paga do?
Here are six benefits and functions of Paga:
- Paga helps you make and receive payments quickly and easily.
- You can use Paga to pay bills, groceries, and other everyday expenses.
- Paga allows you to send money to family and friends both in Nigeria and abroad.
- You can withdraw cash from over 30,000 ATMs using Paga.
- Paga offers low-cost money transfer services.
- And finally, Paga is secure and easy to use.
To sign up on Paga, follow these simple steps:
1. Go to the website paga.com and click on the “Sign Up” button at the top of the page.
2. Fill in your name, email address, password, and phone number.
3. Click on the “Create Account” button and you’re good to go!
Now that you know all about Paga, why not give it a try? It’s one of the best fintech companies in Nigeria for a reason!
Paystack
Paystack is a Nigerian fintech company that enables businesses to accept and process payments from their customers. The company was founded in 2016 by Shola Akinlade and Ezra Olubi.
Paystack was built to solve a problem that the founders had experienced first-hand while running their previous business. They struggled to find a reliable way to accept payments from their customers, and so they decided to build their own solution.
Paystack’s product is an easy-to-use payments platform that helps businesses go from setup to selling in just a few minutes. The platform supports local payment methods, such as debit cards, credit cards, and bank transfers. Paystack also offers a range of features to help businesses grow, such as recurring payments, invoicing, and fraud prevention.
Since its launch, Paystack has processed over $1 billion in payments for over 60,000 businesses in Nigeria. The company has also been expanding into other countries in Africa, such as Ghana and South Africa. In 2019, Paystack was acquired by Stripe, a US-based payments company, for $200 million.
So, what exactly is Paystack?
Here are six benefits of using Paystack:
1. You can accept payments from Visa, Mastercard, and American Express credit and debit cards.
2. You can receive payments in Nigerian Nairas and in over 100 other currencies.
3. You get access to real-time reports of your sales and transactions.
4. You can receive payments for goods and services through bank transfers or mobile money accounts (such as MTN Mobile Money, Airtel Money, and 9Mobile).
5. You can withdraw your money directly into your bank account or mobile money account.
6. You get 24/7 support from our team of payments experts.
So, how do you sign up for Paystack? It’s really easy just head over to their website and follow these simple steps:
1. Fill out the sign-up form with your name, email address, and company name.
2. Enter your Nigeria business registration number (RC number).
3. Choose the type of business you’re operating (joint venture, limited company, individual proprietorship, etc.).
4. Enter your bank account details or mobile money account details.
5. Agree to their Terms of Service and Privacy Policy.
6. Click on the “Create Account” button and you’re good to go!
Now that you know all about Paystack, why not give it a try? We promise you won’t be disappointed!
Flutterwave
So, what is Flutterwave?
Flutterwave is a Nigerian fintech company that was founded in 2016 by Iyinoluwa Aboyeji, Olugbenga Agboola, and Adeleke Adekoya. It’s one of the leading companies in Africa when it comes to digital payments.
What makes Flutterwave so unique is that it offers a range of services, from payments processing to invoicing and money transfers. And it does all this through a single platform.
Plus, it’s been able to partner with some of the biggest names in finance, including Mastercard and Visa. This has helped it build a strong reputation and attract a lot of users.
How does Flutterwave work?
Well, to start with, you need to create an account on the platform. Once you’re registered, you can start processing payments by adding your bank details or by using your debit or credit card.
Flutterwave also offers a number of other features, such as:
– In-app payments: This allows you to make payments within apps and websites.
– Recurring payments: This allows you to set up regular payments for things like rent or subscriptions.
– Payouts: This allows you to send money to friends and family members around the world quickly and easily.
Remita
In 2005, the company was founded as an e-payment solution provider in Nigeria. It was founded by John Obaro and Ernest Ndokwe. The company emerged to provide a platform that would enable easy and secure transactions between businesses, individuals, and the government. Nigeria’s e-payment industry is undergoing a revolution as new fintech businesses emerge to cater to the demands of the nation’s expanding digital economy. Remita is one of the most well-known fintech businesses in Nigeria.
Businesses can send and receive payments online with Remita, an e-payment platform. The business has been in existence for more than ten years and has handled transactions totaling more than $5 billion. Because it provides a variety of payment alternatives, such as online payments, mobile payments, and POS payments, Remita is one of the most well-known fintech companies in Nigeria. The business also provides a number of value-added services, including bill payment and airtime top-up.
We’re going to take a closer look at one of the top fintech companies in Nigeria: Remita.
To sign up for Remita, you’ll need to go to their website and create an account. It’s a very simple process, and you can be up and running in no time.
Today, there are a number of benefits to using a payment system like Remita. Firstly, it’s very secure. All transactions are encrypted, so you can be sure your information is safe. Secondly, it’s very convenient. You can make payments anywhere, anytime, from any device. And thirdly, it’s efficient. Payments are processed quickly and accurately.
Opay
So, you want to know more about Opay? Well, let’s start from the beginning. Opay is a Nigerian fintech company that was founded in 2018. It’s one of the most popular mobile payment platforms in Nigeria, and it’s used by millions of people to make payments and transfer money.
Some of the main functions and benefits of using Opay include:
1) You can make payments for goods and services online and offline.
2) You can transfer money to any bank account in Nigeria.
3) You can withdraw money from any ATM in Nigeria.
4) You can pay bills with Opay.
5) You can receive money from anywhere in the world.
6) You can top up your phone credit with Opay.
The process of signing up for an Opay account is pretty simple. Just head over to the website and enter your name, email address, phone number and password. Once you’re registered, you can start making payments and transferring money immediately.
PiggyVest
The PiggyVest is a platform for savings and investments with headquarters in Lagos, Nigeria. Through its app, the company gives customers the option to save and invest their money.
PiggyVest, a fintech business based in Lagos, Nigeria, provides a digital platform for savings and investments. It was established in 2016 by Odunayo Eweniyi, Somto Ifezue and Joshua Chibueze. Users may create automatic savings plans, keep tabs on their spending, and apply for loans through the company. Over 1 million users of PiggyVest have saved more than $40 million thanks to it. Forbes, CNBC Africa, and TechCrunch have all profiled the business..
Gtpay
When it comes to Nigerian fintech companies, Gtpay is one of the most well-known and respected. Here’s a brief history of Gtpay:
Gtpay was founded on March 25th 2015, it is a subsidiary of Guaranty Trust Bank. They wanted a payment solution that was easy to use and was available to everyone, regardless of their income level or banking status.
Since then, Gtpay has grown into one of the most popular payment platforms in Nigeria. Here are some of the benefits and functions of Gtpay:
1. It’s easy to use – Gtpay is simple and straightforward to use, even for those who are not familiar with online payments.
2. It’s secure – Gtpay uses state-of-the-art security measures to protect your information and financial data.
3. It’s fast – Payments made through Gtpay are processed immediately, so you don’t have to wait long for your money to arrive.
4. It’s flexible – You can use Gtpay to pay for goods and services online or offline, in Nigeria or anywhere in the world.
5. It’s affordable – There are no transaction fees when you use Gtpay.
6. It’s convenient – You can access your account information and make payments using the Gtpay app or any web browser.
7. It helps boost business – Gtpay is perfect for small businesses as it allows them to accept payments from anywhere in the world without having to set up a complex payment system.”
KongaPay
Make payments on phone with KongaPay, Kongapay allows users to make payment on the Konga website and in physical stores using their phones. KongaPay was launched in 2015 and has since become one of the most popular payment platforms in Nigeria.
Some of the benefits and functions of KongaPay include:
-The ability to make payments on the Konga website and in physical stores using your phone
-The ability to pay for goods and services online and offline
-The security of your account and personal data
-A fast, easy, and convenient payment method
-The ability to receive payments from other users
-24/7 customer support
Here’s how to sign up on konga pay:
1. Visit the Konga website.
2. Enter your personal details and create a Konga account.
3. Once you have registered, you will need to verify your email address and phone number.
4. After your account has been verified, you can then add your bank account details or link your debit/credit card.
5. You will also be asked to set up a 4-digit PIN code for security purposes.
6. Once your account is set up, you can start using KongaPay to make payments on the Konga website or in physical stores.
Interswitch
So, you want to know more about Interswitch? Interswitch is Nigeria’s leading payment switch and e-commerce company. It was founded in 2002 by Mitchell Elegbe, and it quickly became the go-to payment solution for businesses and individuals in Nigeria.
Interswitch has over 100,000 merchants on its platform, and it processes more than 2.5 billion transactions each year. That’s a lot of money! And Interswitch is just getting started. It plans to expand its operations to other African countries in the near future.
The history of Interswitch is interesting. It all started with a simple idea to create a payment platform that would make it easy for Nigerians to do business with each other. And that’s exactly what Interswitch did. It developed a payment system that was reliable and secure, and it made it easy for people to send and receive payments.
But that’s not all Interswitch does. It also offers a range of other services, including e-commerce, money transfers, and bill payments. And it’s these services that have made Interswitch such a popular choice for businesses and individuals in Nigeria.
So, what are you waiting for? Sign up on Interswitch today and start taking advantage of all the benefits it has to offer!
Conclusion
We have a lot of good companies that are providing services to the Nigerian people and Africa at large.
These companies are making a big difference in how people conduct financial transactions in Nigeria. They are providing safe, secure, and efficient ways to send and receive money. We expect that these companies will continue to grow and expand their services in the coming years.