Leading African digital bank PalmPay has earned a coveted spot on the 2025 CNBC and Statista Top 300 Fintech Companies in the World list, marking its second consecutive year of global recognition. The neobank joins the ranks of international fintech giants such as Revolut, Nubank, and Ant Group, further cementing its reputation as one of the most innovative and impactful financial technology companies globally.
PalmPay Recognised for Innovation and Financial Inclusion
In a statement released Tuesday, Sofia Zab, Founding Chief Marketing Officer at PalmPay, described the recognition as a validation of the company’s mission to bridge financial access gaps in emerging markets. “To be recognised 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,” Zab said.
She emphasised that PalmPay’s approach combines cutting-edge fintech solutions with local distribution networks to serve underserved populations effectively. “Through a customer-first mindset, we’ve built Nigeria’s leading neobank,” she added.
Over 35 Million Users and 15 Million Daily Transactions
PalmPay has quickly emerged as a dominant force in Africa’s digital banking space, serving more than 35 million registered users and processing up to 15 million transactions daily. In Nigeria, PalmPay operates as a full-service neobank, offering a wide range of financial services including:
- Fund transfers
- Bill payments
- Digital credit and savings
- Insurance
- POS and API-driven solutions for merchants
The platform also boasts a nationwide network of over 1 million agents and merchant partners, reinforcing its commitment to accessibility and local engagement.
Expanding Fintech Infrastructure Across Emerging Markets
Jiapei Yan, Group Chief Commercial Officer at PalmPay, highlighted the company’s long-term strategy of building digital banking infrastructure tailored to the unique needs of emerging economies.
“We are creating the infrastructure for a connected digital economy where people and businesses can thrive through reliable, inclusive financial tools,” Yan said.
He noted that the CNBC and Statista ranking reinforces PalmPay’s rapid progress and the vast opportunities within Africa and other emerging markets.
Strategic Expansion into Tanzania and Bangladesh
As part of its international growth strategy, PalmPay has expanded operations into Tanzania and Bangladesh, introducing smartphone financing as a gateway to onboard new users into the digital financial ecosystem.
“Our focus remains on closing financial access gaps for everyday consumers and businesses, while expanding the partner ecosystem that fuels our reach and impact,” Zab said.
Additional Recognition from Financial Times
Earlier in 2025, PalmPay was also ranked #2 overall and #1 in Financial Services on the Financial Times Africa’s Fastest-Growing Companies list. The ranking reflected the company’s rapid revenue growth from 2020 to 2023, underscoring its impressive market momentum.
About PalmPay
PalmPay is a leading African fintech platform that empowers users with fast, reliable, and secure digital financial services. Since launching in 2019, the company has grown into a top-tier neobank, offering payments, savings, lending, and insurance solutions to millions across Africa and beyond.
