The embedded finance revolution will turn every company into a financial services provider.
HabariPay’s cost efficiency powers GTBank’s ₦6.54bn fintech profit
HabariPay reported a profit of ₦6.54 billion, accounting for 82% of total earnings among bank-backed fintechs. Hydrogen's profit decreased by 42.63% year-on-year, posting ₦833 million in profit.
Stanbic’s Zest turns profitable with ₦543 million Q3 gain
Zest reported a profit after tax of ₦543 million in Q3 2025, its first profitable quarter since launch. The fintech's loss after tax in Q3 2024 was ₦1.89 billion, showcasing a significant turnaround.
Stanbic’s fintech arm grows income 14-fold, but remains unprofitable
Zest's income grew fourteenfold to ₦874 million in H1 2025 from ₦61 million in the previous year. The company's loss after tax fell to ₦389 million, down 58.84% from ₦945 million in H1 2024.
Hydrogen surpasses HabariPay in Q1 profit growth among bank-owned fintechs
Hydrogen recorded a 466% increase in after-tax profit, reaching ₦283 million in Q1 2025. HabariPay's profit growth was 52%, increasing to ₦1.66 billion in the same quarter.
₦76.5 trillion and counting: Inside the payment surge at GTCO and Access Holdings
Nigerians processed a record ₦79.6 trillion ($49.6 billion) through mobile phones in 2024. GTCO's HabariPay and Access' Hydrogen processed a combined ₦76.5 trillion ($47.7 billion) in transactions in 2024, a 217% increase from ₦24.1 trillion in 2023.
