Top 10 Fintech Apps in Nigeria Right Now

In recent years, Nigeria has experienced a remarkable surge in financial technology (fintech) innovation. This has revolutionised the way people access and manage their finances.

Fintech apps have emerged as powerful tools, empowering individuals and businesses to conduct secure and convenient financial transactions right from their smartphones.

With a growing number of players in the Nigerian fintech space, this article highlights the top 10 fintech apps that are making waves in Nigeria right now, offering a diverse range of services that cater to the needs of both urban and rural populations.

Kuda

Kuda is a money app built for Africans around the world. The fintech company was established with a mission to make financial services more accessible, affordable and rewarding for every African on the planet.

Based in London, the bank which focuses on the Nigerian market offers free transfers to customers each month. It has been ranked as one of the most frequently downloaded apps.

Palmpay

Palmpay has provided over 5,000,000 customers with convenient and affordable digital payments. Since its launch in 2019, the Palmpay fintech app has been working to empower over 100 million customers and 10 million businesses with access to relevant, reliable and affordable financial services.

The fintech app offers digital finance that is befitting for everyone.

FairMoney

FairMoney is another fintech app that helps Nigerians access finance tools. The Microfinance bank which boasts 10,000 daily loan disbursements has over 5 million users enjoying its banking, savings and investment services.

Focused on lending, the company provides instant loans of up to one million naira for customers.

OPay

With solutions that make payment easier, offer free transfers and make savings more rewarding, OPay gives customers all the freedom they want. The fintech app which became popular during the naira scarcity is fully licensed by the Central Bank of Nigeria, CBN.

Piggyvest

Piggyvest is the largest single online savings and investment platform in Nigeria. The fintech platform helps you save small sums of money frequently through an automated saving process.

It offers various savings options that and several investment avenues for 6-12 months.

OKash

This is a fintech app that provides quick online loans to Nigerian mobile users. Managed by Blue Ridge Microfinance Bank Limited, OKash is a licensed digital lender in the country. The online loan app offers easy low-interest-rate loans without collateral to users.

Palmcredit

Palmcredit is a virtual credit card that offers loans of up to N100,000 within minutes on your mobile phone. The fintech app also provides a wide range of loan products that will satisfy the needs of most customers. 

Owned by Newedge Finance Limited, the app has garnered users across Nigeria.

JumiaPay

Known as an all-in-one lifestyle app, JumiaPay allows customers to access different services with one click. On the fintech app, you can recharge your phone, pay utility bills, make hotel reservations, book a ride, and order food from your favorite restaurants with zero service fees.

Carbon

Carbon makes it simple and easy to access loans. As a CBN-licensed digital bank, Carbon also provides investment opportunities to customers. On the platform, users’ accounts are enabled for P2P payments, as well as bill payments and mobile recharges. 

Paga

Paga is a mobile payment platform that enables people to digitally send and receive money. Established in 2009, Paga has a mission to deliver innovative and universal access to financial services for all Africans.

It has enjoyed a great level of support from investors like venture capitalist Tim Draper and Goodwell West Africa.