Top 5 Fintech Companies That Will Raise More Money in 2025

Nigeria’s fintech space has grown so much that it has firmly established itself as the overall leader in financial technology innovation across Africa for the past decade.

From the emergence of Opay to Moniepoint and even Kuda, this industry has seen many activities. Impressively, most of them have been positive.

This progress is likely to overflow into 2025. For example, Moniepoint recently obtained a license to operate physically. What do you think will be the impact of that on its growth and expansion? I don’t need to tell you.

The fintech space is a goldmine for both investors and tech founders. And the better the innovation, the better the funds you’d be able to raise either from venture capitalists or other funding sources.

This article emphasizes Nigeria’s top five fintech companies that will likely attract significant funding in 2025 and raise more money.

Top 5 Fintech Companies That willl Raise More Money in 2025

1. Moniepoint

Did you know that Moniepoint is more than a payment platform? It is a refuge for small businesses across Nigeria. Tosin Eniolorunda founded Moniepoint in 2015, and it was later named TeamApt. It was initially focused on software enterprises, but it succeeded when it shifted to financial services.

Moniepoint provides integrated services such as point-of-sale (POS), agency banking, and loan services to improve its customers’ financial growth. In 2023, the company processed over $170 billion. In October 2024, it reached the “unicorn” level by raising $110 million in funding and increasing its valuation past $1 billion. Impressive, right?

Moniepoint’s ability to provide good services to underserved communities and its track record made It stand out. 2025 promises to be another great year for Moniepoint.

Why Moniepoint Will Raise More Money in 2025

Market Penetration: Moniepoint processess over 800 million transactions monthly and have in more than $17 billion in transaction volume.

Expansion Plans: The recent capital infusion goes into expanding operations across Africa, a strategic move to get into the underbanked markets of the continent.

In the year 2025, Moniepoint is likely to attract more funding as an outcome of the ambitious expansion of projects and the rising need for a financial service that would be operated digitally in Africa. During the next couple of years it is said that the company may gather more than $150 million in order to extend it’s operations and improve it’s technology.

2. Flutterwave

The story of flutterwave started back in 2016, when two beautiful souls, Olugbenga Agbola and Iyionolu Aboyeji came together to discuss how to fix how payments issues in Africa. They aparently succeeded.

With flutterwave, it is easy for businesses to accept payments through cards, mobile wallets and bank transfers. They have processed over 400 million transactions worth more than $25 billion.

Flutterwave has expanded to more than 30 countries. They have also partnered with Paypal, Visa and Uber. They have products like Flutterwave Store and Flutterwave Send that enable businesses to scale quickly. With the rate of growth and innovations, it’s only a matter of time before investors would be all over them in 2025.

Flutterwave will be in the spotlight among top investors due to its global expansion and innovative product in 2025. The company may raise another $200 million additional capital to continue fueling its expansion. Industry experts also anticipate that the plan should solidify its new market position.

It is among the Top Fintech Companies That Will Raise More Money in 2025.

3. Opay

This is a company that is supported by a group of chinese investors and opera (yes, the browser company). Opay is a game changer and was debuted in 2018. It started as a mobile payment service which has developed into a massive ecosystem that includes the payments of bill, ride hailing and food delivery.

In other words Opay has got you covered in all your online transactions.

Opay has made financial services available to millions of Nigerians who had no idea about banking options. In 2023, it acquired over 20 million active users and raised more than $570 million in capital from big investors like SoftBank and Sequoia Capital.

Opay is a financial inclusionist that has revolutionized the Nigerian digital payment market. Tech Cabal projects that Opay will raise an additional $200 million in funding in 2025 and expand into more African countries.

4. Kuda Bank

Kuda was founded by Babs Ogundeyi and Musty Mustapha in 2019 to develop a banking platform that requires no charge fee. It is a product of the new banking era where digital technology should be fashioned to work for you and not against you. It is also called “The Bank of the Free”.

With Kuda, customers can apply for personal loans and also manage their savings accounts. The most amazing part is that you can even get a Kuda debit card.

Kuda Bank is a digital-only bank based in Lagos. As a bank of the future, most people prefer it because of its simplicity, efficiency, and low transaction costs.

Kuda, a digital banking application, is rapidly expanding in user base and the number of Nigerians adopting it is enormous.

The inclusion of new features in the budgeting tools makes a great deal of difference in the satisfaction of the users.

As a customer-friendly bank, the growth of its online banking system in the country has been made paramount. They have planned to get extra support by making a $100 million investment so as to launch new products and improve their efficiency and growth in the financial market.

5. Chipper Cash

Chipper Cash, founded by Ham Serunjogi and Maijid Moujaled in 2018, offers a peculiar set of payment solutions. It has been simplifying money transfers between different African countries to the point that it feels almost like sending a text message.

The payment platform has zero charges, and it has a good reputation in countries like Nigeria, Ghana, and South Africa. Chipper Cash supports fee-free peer-to-peer transfers.

Already, the company has raised a total of $250 million through noteworthy events such as FTX (yes, the crypto company). And they aren’t stopping. They are talking about expanding to Europe and South America. Focusing on affordability and customer convenience, they are well on their way to becoming a giant.

It is one of the top fintech companies to raise more money in 2025.

Conclusion

Fintech is the future. It isn’t the ancient, rather, the future. And for your fintech initiative to raise more money in 2025, there are unwritten criterias it must meet. Investors must find the business plan appealing and sustainable.

Read this article to find the top 5 Fintech Companies That Will Raise More Money in 2025.