Fintech
CNBC Recognizes Flutterwave, Kuda, Piggyvest Among Top 250 Fintech Innovators
Statesmana world-renowned market data provider and The CNBCa leading American media company, has included seven African fintech companies:Floating wave, Piggy bank, Please, Mountain, Zero Bank, Payment by palmAND I play—in their 2024 list of the top 250 fintech companies. These startups were chosen from a pool of 2,000 companies worldwide.
The list, which also includes major global companies such as MasterCard, Clarify, Fly threadAND Robin Hoodmarks the second edition of the Statista-CNBC partnership, following the inaugural list published in 2023.
The selection process was based on thorough desk research conducted by the Statista team, supplemented by information provided by the companies. Key metrics considered included 2023 revenue, year-over-year sales growth rate, and total number of employees. It is important to note that the list is not ranked.
In the 2024 list of the top 250 fintech companies, Nigerian fintech Kuda and South African Bank Zero were recognized as leading neobanks.
In the payments category, highlights included Nigerian unicorn Flutterwave, China’s Palmpay, Partech-backed South African fintech Yoco, and MTN for its mobile money service, MTN MoMo.
Piggyvest stood out as the only African startup in the financial planning category.