PalmPay, a top-tier neobank and fintech platform with a strong focus on emerging markets, has once again secured a place on CNBC and Statista’s prestigious 2025 list of the Top 300 Fintech Companies in the World.
Digital TimesNG recalls that this marks the second consecutive year the company is being recognized among the globe’s most innovative and impactful financial technology leaders.
The annual ranking, compiled through a rigorous assessment of thousands of fintech firms worldwide, evaluates companies based on key criteria such as growth trajectory, innovation, market reach, and overall impact.
The 2025 edition features a diverse mix of established giants—like Revolut, Nubank, and Ant Group—as well as promising disruptors from rapidly growing regions, highlighting the rising prominence of fintechs from emerging markets, such as PalmPay.
PalmPay’s repeat recognition is a testament to its rapid expansion and strong market presence across Africa. With over 35 million registered users and up to 15 million transactions daily, the company continues to deliver a wide range of inclusive digital financial services, specifically designed to serve underserved and underbanked communities across the continent.
In its main market, Nigeria, PalmPay operates as a full-service neobank, offering consumer financial services such as transfers, bill payments, credit, savings, and insurance – all accessible through its user-friendly app and supported by a nationwide network of over 1 million agents and merchant partners. The company also provides POS and API-driven B2B solutions tailored to the needs of merchants and enterprise clients.
“To be recognised as one of the world’s top fintech companies by CNBC and Statista is a powerful affirmation of our mission to build a more inclusive financial system,” said Sofia Zab, Founding Chief Marketing Officer at PalmPay.
“Through cutting-edge technology, deep local distribution, and a customer-first mindset, we’ve built Nigeria’s leading neobank. As we scale PalmPay to more emerging markets, including Tanzania and Bangladesh, our focus remains on closing financial access gaps for everyday consumers and businesses, while expanding the partner ecosystem that fuels our reach and impact.”
As part of its broader expansion strategy, PalmPay recently launched in Tanzania and Bangladesh through a smartphone device financing model that serves as an entry point to digital financial services.
“PalmPay is building a neobanking platform tailored to the realities of emerging markets,” said Jiapei Yan, Group Chief Commercial Officer at PalmPay. “We are creating the infrastructure for a connected digital economy – where people and businesses can thrive through reliable, inclusive financial tools.
“This recognition from CNBC and Statista affirms our progress and also the scale of the opportunity ahead. As we expand across more emerging markets, we are committed to creating lasting value for our users, partners, and the communities we serve.”
PalmPay’s inclusion follows another major recognition earlier this year: the company ranked #2 overall and #1 in the financial services sector on the Financial Times- Africa’s Fastest-Growing Companies 2025 list. The ranking, based on revenue growth between 2020 and 2023, highlighted PalmPay’s rapid scale and market traction across Africa.
PalmPay currently operates in Nigeria, Ghana, Tanzania, and Bangladesh, and is expanding its presence across Africa and Asia through device financing, digital banking, and B2B payment services.
Backed by a robust neobanking platform and a partnership-led approach, the company is committed to shaping the next chapter of inclusive financial growth.
