PalmPay cracks CNBC Global Fintech 300 – again
- Nhlanhla Muthe
- Jul 20
- 2 min read
By Nhlanhla Muthe
PalmPay, Africa’s rising fintech powerhouse, has been named one of the world’s top 300 fintech firms by CNBC and Statista — putting Nigeria’s digital banking innovation on the global stage.
In a world of fintech giants, an African neobank is making serious noise - twice.
PalmPay, the Lagos-born digital finance disruptor, has once again landed on CNBC and Statista’s coveted list of the Top 300 Fintech Companies in the World for 2025. With over 35 million users and daily transactions hitting 15 million, the company has solidified its place among global titans like Revolut, Nubank, and Ant Group.
Sofia Zab, Founding CMO of PalmPay was quick to point out that this recognition is a powerful affirmation of the trailblaizing fintech’s mission to build a more inclusive financial system. “We have built Nigeria’s leading neobank by staying laser-focused on the real needs of everyday people and small businesses,” she said.
Operating as a full-service neobank in Nigeria and expanding rapidly into Ghana, Tanzania, and even Bangladesh, PalmPay is redefining how people access, move, and grow their money, all through a mobile app backed by over 1 million agents and merchant partners.
From sending money to paying bills, getting credit, or buying insurance, the Nigerian financial disruptor is offering digital tools that speak to the realities of emerging markets. And the results are catching international attention.
“We are creating the infrastructure for a connected digital economy. This recognition affirms both our progress and the scale of the opportunity ahead,” added Jiapei Yan, Group CCO at PalmPay.
Earlier this year, PalmPay also clinched the Number 2 spot on the Financial Times Africa’s Fastest-Growing Companies 2025 list, topping the financial services sector. As it eyes more markets, the Nigerian fintech is leaning into device financing models to bring first-time users into the digital economy.
“For African startups dreaming big, PalmPay’s story is a clear message: global fintech leadership isn’t just possible, it’s already happening,” said Zab.
