1. Paystack
PayStack fintech payment solution is arguably the leading and ever growing fintech company in Nigeria. You can receive payments via invoices and creating payment pages, while utilizing Paystack online payment gateway. Paystack is a payments platform that makes the online payments process consistent for both the consumers and the businesses they are attempting to pay. PayStack is arguably among the top Fintech companies in Nigeria that enable businesses to complete payments from clients utilizing MasterCard, Visa and Verve cards anywhere on the planet.
2. Flutterwave
Flutterwave provides a payment service for global merchants and payment service providers. It provides technology, infrastructure, and services to enable global merchants, payment service providers, and helps banks and businesses build secure and seamless payment solutions for their customers by smoothening the exchange of funds. The company was founded in 2016 by Andela co-founder Iyin Aboyeji and Olugbenga Agboola and is headquartered in San Francisco, California. Some of its investors include Andela, Grey Croft & eVentures, and Visa, etc. The startup recently raised $35m. Flutterwave is among the main Fintech companies in Nigeria that help organizations in Africa go global by smoothening the exchange of funds in 150+ monetary standards.
3. Paga
Paga’s mission is to make it simple for people to access and use money by providing smooth and stress-free money transfer experience. Paga is a leading payment and mobile money business. Paga’s first market in Nigeria where it is the leading mobile payment company. It was founded in 2009 by Jay Alabraba and Tayo Oviosu. Presently, you can pay bills, make bank deposits and even pay in certain stores. Pagatech launched in Nigeria to profit from the buildup of cash money in the financial industry and to execute financial services for all residents in Africa. The Nigerian banking sector can be difficult to access all over Nigeria. However, with the dawn of mobile phones and telecoms engineering, extraordinary efforts in achieving a sizable piece of the nation’s population have been made through Paga. With over 9 million customers and 17,000 agents, paga makes the list of 15 top fintech companies in Nigeria.
4. Interswitch
Interswitch is an Africa-centered integrated digital payments and commerce company headquartered in Lagos. Interswitch was founded in 2002 by Mitchell Elegbe. Interswitch uses a ‘switching’ infrastructure to connect the different banks in Nigeria and provides technology for ATM cards. Interswitch encourages the electronic circulation of money just as the exchange of value among individuals and associations on a convenient and steady basis. The vision is to fabricate and manage payment infrastructure just as convey inventive payment products and transaction services all through the African continent. In November 2019, Visa invested $200 million in return for a 20% stake which valued the company at no less than $1 billion, cementing its unicorn status in the process. With this achievement, Interswitch makes the list of 15 top fintech companies in Nigeria.
5. E-tranzact
eTranzact, launched in 2003, is a multi-application, multi-network and multi-channel electronic payment platform that supports every significant network; including AMEX, VISA and MasterCard. eTranzact is one of the Fintech companies in Nigeria designed as a credible option in contrast to all transaction which are right now cash or check based. The platform capacity is with the end goal that any arrangement driven by customer payment can be automated on the platform. eTranzact as a Switch processes payment requests from various channels – Web, ATM,POS, mobile-utilizing automated procedures. The switching platform validates transaction requests subsequent to running security checks on the payment cards.
