PalmPay, a neobank and fintech platform with a sharp focus on emerging markets, has secured a spot on CNBC and Statista’s 2025 Top 300 Fintech Companies in the World list. This marks the second consecutive year that PalmPay has been recognized among the globe’s most innovative and impactful financial technology firms, underscoring its sustained momentum and growing influence.
The selection process for the list involves an evaluation of thousands of companies worldwide based on key metrics such as growth, innovation, market penetration, and overall impact. This year’s compilation features a mix of established global leaders, including Revolut, Nubank, and Ant Group, alongside a rising cohort of stars from high-growth markets.
PalmPay’s inclusion on this global list is considered a testament to its continued success as one of Africa’s leading fintech platforms. The company boasts a user base of over 35 million registered users and processes up to 15 million transactions daily. It offers a suite of digital financial services tailored to address the unique needs of underserved communities across its operational territories.
Sofia Zab, founding chief marketing officer at PalmPay, acknowledged the significance of this global recognition. “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.
“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,” Zab stated.
As part of its expansion strategy, PalmPay recently extended its operations into Tanzania and Bangladesh. A notable aspect of this expansion is its innovative smartphone device financing model, which serves as a strategic entry point to digital financial services for new users in these markets.
Jiapei Yan, group chief commercial officer at PalmPay, further elaborated on the company’s vision. “PalmPay is building a neobanking platform tailored to the realities of emerging markets. 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,” Yan remarked.
PalmPay’s latest inclusion on the CNBC/Statista list follows another significant recognition earlier this year. This is as the company secured the #2 overall rank and #1 position in the financial services sector on the Financial Times Africa’s Fastest-Growing Companies 2025 list.
