Which FinTech company is best in Nigeria?

Exploring the Top FinTech Companies in Nigeria: A Comprehensive Comparison

Nigeria’s financial landscape has undergone a significant transformation in recent years, largely due to the rise of FinTech companies. These innovative firms have revolutionized the way financial services are delivered, making transactions more convenient and accessible to millions of Nigerians. Among the notable players in the Nigerian FinTech space are Flutterwave, Piggyvest, Paystack, Bankly, Remita/SystemSpecs, Moniepoint (TeamApt), Lidya, and Carbon. In this article, we’ll provide an overview of each company to help you determine which one might be the best fit for your financial needs.

1. Flutterwave:
Flutterwave is a leading FinTech company that provides payment solutions for businesses and individuals. Its platform enables seamless cross-border transactions and offers various payment methods, making it a favorite among businesses seeking international payment solutions. Some of this solutions include

  1. Send money to loved ones
    Experience the convenience and security of Send, enabling you to effortlessly and securely transfer funds to your beloved ones residing overseas. Begin sharing financial support with the ones who hold significance in your life
  2. Shop online
    Explore a world of possibilities as you Discover, Shop, and have your purchases conveniently delivered from your cherished online businesses. Embark on a secure shopping journey and relish the joy of acquiring great items from amazing small businesses
  3. Find events and Buy tickets
    Browse upcoming events and secure your ticket on our Afriticket platform

2. Piggyvest:
Piggyvest is a savings and investment platform that empowers users to save and invest their money in a structured manner. With features like automated savings and investment options, Piggyvest aims to help Nigerians achieve their financial goals.

How to know what plan is right for you with piggyvest: Investment options on Piggyvest are tailored towards a particular need.

  • If you’d like to regularly put away money for your savings and withdraw only once a quarter, then the Piggybank wallet is right for you. You can set it so that money is taken from your account and you don’t have to worry about saving manually.
  • If you’re saving towards a particular goal such as rent or travel, Target Savings is a great option. You can invite friends and make it a fun challenge to smash all your financial goals.
  • If you’re looking for something geared towards the long term, The SafeLock feature is perfect for you. With higher interest rates, you could lock away funds you don’t need access to and make even more money by doing so.
  • If you’re looking to get started on investments or diversify your portfolio, then pre-vetted, low-risk investment opportunities are regularly available on Investify to help you grow your money.

3. Paystack:
Paystack, acquired by Stripe, is a payments processing company that facilitates online payments for businesses in Nigeria. It offers secure and easy-to-integrate payment solutions, making it a preferred choice for e-commerce platforms and businesses.

4. Bankly:
Bankly is a digital platform that focuses on financial inclusion for the unbanked and underbanked populations in Nigeria. Through a network of agents, Bankly enables users to save, withdraw, and transfer funds conveniently.

5. Remita/SystemSpecs:
Remita, developed by SystemSpecs, is a comprehensive payment platform that caters to various sectors, including government, businesses, and individuals. It offers features like electronic invoicing, payroll management, and bill payments.

6. Moniepoint (TeamApt):
Moniepoint, powered by TeamApt, is a mobile point-of-sale solution that facilitates financial transactions for businesses, particularly in the retail sector. It aims to enhance payment experiences for both merchants and customers.

7. Lidya:
Lidya is a digital lending platform that provides access to loans for small and medium-sized enterprises (SMEs). Its AI-driven credit scoring system allows businesses to access funding quickly and efficiently.

Summary on How it Works?

1. Request a Demo
Talk with one of our Credit Infrastructure and Collections Experts to understand how our solutions can impact your lending business.

2. Create your Account
Create your business profile and roles so you and your team can access Lidya Credit Infrastructure.

3. Digitize your Lending Process
Build a strong credit foundation with our comprehensive infrastructure solutions. Maximize lending opportunities and drive growth.

8. Carbon:
Formerly known as Paylater, Carbon offers digital financial services, including loans, investment opportunities, and bill payments. Its user-friendly app provides easy access to credit and other financial products.


  • Fast loan approval process within minutes
  • No collateral
  • No guarantor


  • Low maximum loan 


  • Valid bank details
  • BVN number
  • Android Phone
  • Complete application


Choosing the Best FinTech Company:

Selecting the best FinTech company in Nigeria depends on your specific financial needs and goals. Consider factors such as the type of services you require, whether it’s payments processing, savings, investments, or lending. Additionally, evaluate the company’s reputation, user reviews, and the extent of its reach in Nigeria’s financial ecosystem.


Nigeria’s FinTech industry has witnessed remarkable growth, thanks to the contributions of companies like Flutterwave, Piggyvest, Paystack, Bankly, Remita/SystemSpecs, Moniepoint (TeamApt), Lidya, and Carbon. Each company brings unique offerings to the table, catering to different aspects of financial services. By carefully assessing your requirements and preferences, you can determine which FinTech company aligns best with your financial aspirations, enabling you to make informed decisions and embark on a journey towards financial empowerment.

Other related article on fintech

SoftBank Group invests $65m in UK AI firm

By 4niso

Leave a Reply

Your email address will not be published. Required fields are marked *