Nigeria’s leading fintech companies, Opay and Kuda have been listed among the world’s top 200 fintech companies, a prestigious list jointly curated by CNBC and independent research firm Statista.
The recognition comes as the fintech industry continues to redefine financial landscapes, leveraging technology and innovation to shape the future of financial services in Nigeria and the world at large.
Opay and Kuda, two dynamic players in this transformation, have not only demonstrated their prowess but have now secured their spots among an exclusive cohort of leading fintech companies.
Collaborating closely with Statista, CNBC analyzed more than 1,500 firms across nine distinct market segments using key performance indicators that include revenue metrics, user engagement, and total funding garnered, formed the foundation of the quantitative evaluation process.
The resultant list showcases a diverse blend of industry titans and emerging disruptors, all driving advancements across various facets of financial technology.
Opay and Kuda’s inclusion in this prestigious ranking underscores their contributions to the evolving fintech ecosystem. As neobanking gains momentum and digital payments become the norm, Opay’s innovative solutions have undoubtedly played a pivotal role in redefining financial access.
Simultaneously, Kuda’s presence heralds a new era of digital banking, catering to the preferences of a tech-savvy and mobile-first generation.
The categories spanning the list encompass neobanking, digital payments, digital assets, digital financial planning, digital wealth management, alternate financing, alternate lending, digital banking solutions, and digital business solutions.
A distinguishing factor of this undertaking was the comprehensive nature of the analysis, taking into account the varying operational models of fintech entities in different segments.