A digital bank in Nigeria that offers banking services with no fees and a focus on mobile accessibility.
After unbundling, Nigerian fintechs are building full-stack financial services
Nigerian fintechs initially specialized in single core offerings like payments, cards, and lending to disrupt traditional banks. Leading fintechs such as Moniepoint, Sycamore, FairMoney, and Paystack are now expanding their product suites to include savings, credit, and business banking tools.
Which savings app offers the best interest rates in Nigeria in 2025?
Piggyvest offers a Safelock fixed savings plan with interest rates between 14% to 20% depending on the duration. Cowrywise provides community-driven savings plans with interest rates ranging from 13.27% to 13.85% for various life goals.
20 fintech companies in Nigeria you should know
Paystack, acquired by Stripe in 2020 for $200 million, simplifies online payments for African businesses. Flutterwave, valued at over $3 billion, facilitates cross-border payments across Africa and beyond.
The biggest fintech companies in Nigeria (2025)
Nigerian startups raised over $100 million in Q1 2025, primarily in fintech. Moniepoint became a unicorn in late 2024 and received approval to acquire a majority stake in Kenya’s Sumac Bank.
How Nigerian founders are de-dollarising their startups
The naira's depreciation has led to a regression in revenue for Nigerian startups when measured in dollars. TechCabal hosted a salon-style discussion on cost-cutting strategies attended by notable companies like Piggyvest and Kuda.
