Fintech companies are emerging financial industry that uses technology to improve activities in . The use of mobile phones for mobile banking, investing services, and cryptocurrency are examples of technologies aiming to make financial services more accessible to the general public.

Financial technology companies consist of both startups and established financial institutions and technology companies trying to replace or enhance the usage of financial services provided by existing financial. The services they render may originate from various independent service providers including at least one licensed bank or insurer.

The global investment in financial technology increased by more than 2,200% from $930 million in 2008 to more than $22 billion in 2015. Within the Fintech companies, some of the used technologies include artificial intelligence (AI), big data, robotic process automation (RPA), and .

Artificial Intelligence is used to provide insight on customer spending habits and allows financial institutions to better understand their clients. Chatbots are another AI-driven tool that banks are starting to use to help with customer service.

Top Best Fintech Companies in Nigeria


This is a Fintech lending company operating under a microfinance banking license in Lagos, Nigeria. The company provide to individuals and small businesses through market-leading rates on Fixed Deposits and Savings accounts. Renmoney personal loans and micro- loans are designed to conveniently meet your financial needs.

Whether you are employed or run your own business, you can get a loan of up to ₦4,000,000. There is what is called Renflex Savings Account that allows you earn a return of 10% P.A on monthly savings as low as ₦5K.

Earn an additional 2% when you save for 12 months with no withdrawals. If you invest in Renmoney Fixed Deposits and earn up to 17% interest per annum. Deposits start from as low as ₦50K over fixed tenors ranging from 1 to 12 months.


FairMoney is a licensed online lender in Nigeria that offers instant loans and bill payments. Though some people detest the idea of taking loans. Some people regard asking for a loan as belittling themselves while others simply believe it is a poor financial decision that does little good while keeping their finances in deficit.

All these claims may be true in some situations, loans are still of great benefit, especially when spent on the right things. To help you, we have listed five valid circumstances to consider taking a loan.

4 Reasons FairMoney Loans differ from other Fintech Companies in Nigeria

Speed of delivery: You can get a loan instantly in 5 Minutes, from anywhere in Nigeria
Flexibility: You can repay on or before your due date with a reduced interest rate
No hidden charges: The interest charges are all-inclusive, ensuring transparency
The customer is King: The Fintech company team is trained to treat you with the utmost respect at all times

All you need to get an instant loan is just an Android phone. Visit the FairMoney website to download the . Sign up with your phone number, answer a few questions and confirm your identity to receive a loan offer. If you accept it, you will receive your loan instantly in your preferred bank account.

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Konga is one of the oldest Fintech companies in Nigeria, with KongaPay, they tend to help their customers to pay for goods and services online. One very good thing about KongaPay is that you can use it for shopping both internationally and locally.

KongaPay also has affiliations with some of the commercial banks in Nigeria. Registration on KongaPay is just as easy as transacting. KongaPay can be used to pay for goods and services on the app as well as offline at a range of merchant stores and locations.

To get started, simply follow the steps below

Best Fintech Companies
  • First, download the app on the Google Play or App Store. If you do not own an Android or Apple device, you can still sign up by visiting the website, to sign up.
  • Enter your personal information. This includes your name and contact details.
  • The next steps would be to create a Pin and enter the verification code sent to your phone
  • Then you officially have a Kongapay account.

When you create a KongaPay account, be absolutely sure that you are who you claim to be. This is why you will be asked for BVN service to verify the information you provide. Once you create your account, you’ll notice how pain-free it is to use KongaPay.


This another one of the Fintech companies in Nigeria with a low-interest loans platform that allows users to control their finances with a few clicks. Users can get an instant short-term loan to cover urgent cash needs, top-up airtime on their mobile phone, transfer funds or make bill payments for services. The loan application is fast, secure, reliable and available 24/7.

Carbon intended to meet urgent, short-term cash needs. Because of this, they have limited the lowest loan amount to NGN7,500 (for first-time applicants, in Nigeria) and loan duration ranging between 60 days and 6 months, so you are not paying excessive interest rates. They also do not charge any extra fees for late repayments or processing costs.

The Fintech company short-term loans are extremely helpful in emergency cases, but rather expensive if compared with other types of loans and should be used with care and not for a long-term need. You can find more information online. With the updated Carbon app, you can do even more financial transactions, all on your .


This is an automated savings and investment platform helping reshape the poor saving and investment culture of Africans. Need money to start a business, pay for rent, buy a property, buy a car, do some shopping, pay school fees, etc, then save for it and reach your financial goals.

SumoTrust is a product of Sumo Tech Global Limited which is registered as a finance company with Cooperate affairs commission. In partnership with, Nigeria’s largest business and enterprise blog which have been read millions of times across the globe to access free business academy for entrepreneurs to start creating jobs with the little resources available.

With SumoTrust, you can choose to save and raise money for something or invest your money to earn profit returns annually. SumoTrust is very flexible to use and pays you 0.833% monthly, amounting to 10% annually and saves you the stress on going in and out of banking halls with all the hurdles attached to it which is not flexible with fixed deposit or spend2save accounts on commercial banks.

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Best Fintech Companies

This is one of the Fintech companies in Nigeria that provides banking services to the citizens. The platform provides instant loans to their users as well as airtime recharge. The Fintech startup is backed by Seedstars and there are several products the company is working on.

QuickCheck makes available debit cards and allows users access to unlimited bank accounts via one mobile app. With the use of machine learning, the company can predict borrower’s behaviour and instantly evaluate loan applications. QuickCheck aim at offering digital financial services to help you get closer to your personal and business goals.


This is another Fintech company in Nigeria that has been in operation for quite a while and they have been providing lots of benefits as well. Paystack provides payment services for about 17, 000 different businesses in Nigeria.

Paystack is one of the Fintech companies in Nigeria responsible for 15% of all online payments that occur in every day. Paystack’s combination of automated and manual fraud systems protect you from fraudulent transactions and associated chargeback claims.

They automatically route payments through the most optimal channels, ensuring the highest transaction rates in the market. Give your customers the gift of modern, frictionless, painless payments. Integrate Paystack once and let your customers pay you however they want.


If you intend to use Remita for personal or business purposes, this multi-device platform lets you view all your bank balances – from different banks – on a single screen, easily transfer money to one or more beneficiaries, pay bills, view detailed transaction reports on-the-go and much more.

The Fintech company also allows business owner to conveniently receive payments from customers in a faster manner, through nine different channels, including the Remita Mobile App and Website, Internet Banking, Point of Sales (PoS) Terminals, Debit/Credit Cards, Merchant’s Website, Bank Branches, Mobile Wallets and Standing Order/Direct Debit.

Remita is fast emerging as Africa’s preferred payment platform, Remita is chosen by millions of people and thousands of organisations. It is the default payment gateway that facilitates the Federal Government of Nigeria’s Treasury Single Account (TSA), the largest and most impactful of its kind in Africa.


This is a mobile payment platform that allows its users to transfer money and make payments through their mobile devices. Paga acts as a mobile wallet where any user equipped with a mobile device can conduct transactional activities using their device.

Paga Agent network is the primary tool for performing payment transaction (with the help of Agents) and online payments, as well as withdrawing money from the account and depositing it.

Paga is one of the Fintech companies that was introduced in Nigeria to take advantage of the cash buildup in the system and to create a means whereby financial services are available to all. Although the banking sector in Nigeria is not easily accessible to everyone, the telecommunications industry has been more successful in reaching a large portion of the country’s population.

The collaboration of both the banking and telecom sector has given rise to mobile banking platforms like Paga, where a user can perform basic financial transactions with the use of a cellphone. Paga works through a mobile phone application or online through the company’s website.

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Paga has numerous outlets across Nigeria where its agents act as human ATMs. A Paga account holder or nonholder who needs to transfer money would give the agent the recipient’s phone number. The agent uses his phone to process the transaction and debits the sender’s account for the amount to be sent and the transaction fee.


This is an Africa-focused integrated digital payments and commerce company that facilitates the electronic circulation of money as well as the exchange of value between individuals and organisations on a timely and consistent basis.

One of the Fintech companies started operations in 2002 as a transaction switching and electronic payments processing company that builds and manages payment infrastructure as well as deliver innovative payment products and transactional services throughout the African continent.

With a strong competence in providing secure and continuously available Information technology/infrastructure solutions and services, Interswitch helps customers reduce costs, increase revenues, tighten security, expand product offerings, and improve service levels on technology.

Interswitch direct connection with leading banks and other International payment platforms, enable customers of financial institutions on the switch have secure, continuous access to all the ATMs on the Interswitch network irrespective of ownership and location.

Interswitch is uniquely qualified to offer training and advisory services in the e-payments and e-business industry. They advise clients on how to get the best return from their investments in electronic payments, and train to bridge identified gaps in knowledge, learning and development.

The Fintech company vast knowledge and experience in e-payments consistently sets us apart from other e-payment training providers. No matter how big you are, public or private, and in what industries or sectors you do business, we can help you work smarter and reach your goals. Have a look at the services we offer.

In conclusion

We still have other Fintech companies in Nigeria (both startups and established) like CowriePay,, Flutterwave, Aella Credit, microCASH, and much more. I strongly advise that you make out time to carry out your own research before settling for any of the Fintech companies listed above.

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Fintech companies are emerging financial industry that uses technology to improve activities in finance. The use of mobile phones for mobile banking, investing services, and cryptocurrency are examples of technologies aiming to make financial services more accessible to the general public. Financial technology companies consist of both startups and established...
LawrenceLawrence Abiodunakinpedia@outlook.comAdministratorA blogger who blogs about Business, Information Technology, , Real Estate, Digital Currencies, and Educational topics that can be of value to people who visit my websiteAkinpedia11 Top Best Fintech Companies in Nigeria 1