American news and business channel, CNBC, in its World’s Top Fintech Companies 2024 report has listed seven African companies as part of the 250 leading fintech companies in the world.
The report, which was done in partnership with market research firm Statista highlighted relevant KPIs for over 2,000 eligible companies between March and May 2024.
Companies were segmented into eight different categories namely: alternate finance, banking solutions, business process solutions, digital assets, financial planning, neobanking, payments and wealth technology.
Among the top 250 top firms, five Nigerian companies made the list.
Kuda made the neobanking category while Palmpay, Flutterwave, and MTN Momo made the payment segment. Piggyvest was listed among the financial planning category.
The World’s Top Fintech Companies 2024 report by CNBC, compiled with Statista, lists the top 250 fintech firms globally across eight categories, including Neobanking, Alternate Finance, and Payments.
The selection process involved analysing over 2,000 companies based on key performance indicators (KPIs), with a focus on innovation and market impact.
Notable companies like Varo Bank and PiggyVest were recognised for their contributions to financial technology, particularly in enhancing customer access to banking and financial planning solutions amidst a challenging funding environment.
