Nigeria’s biggest fintech companies are now estimated to be worth about $10.6 billion combined as of January 2026. This is one of the clearest signs that, despite tighter funding and higher operating costs, investors still see long term value in Nigeria’s digital finance market.

It is important to understand what this means. Most of these companies are private, so these numbers are valuations, not stock market prices. Valuations are usually based on past fundraising rounds, investor disclosures, and other publicly available information. 

They can change quickly when a company raises a new round, cuts costs, grows revenue faster than expected, or faces regulatory issues.

At the top of the list is Flutterwave, estimated at $3.0 billion, maintaining its position as Nigeria’s most valuable fintech brand. Next is OPay at $2.75 billion. Together, these two companies account for more than half of the total value of Nigeria’s top fintech firms, reflecting how dominant they are in payments, merchant tools, and consumer finance at scale.

Moniepoint and Interswitch remain core infrastructure

Two other major players are valued at about $1.0 billion each: Moniepoint and Interswitch.

Moniepoint has grown quickly by serving merchants and small businesses with payment acceptance and business banking tools. Interswitch, on the other hand, remains a foundational company in Nigeria’s payments system through switching and transaction processing infrastructure used across banks and fintechs. Even as new players grow, Interswitch still sits at the core of how large volumes of transactions move across the ecosystem.

PalmPay and Moove show fintech is expanding beyond transfers

Next are PalmPay and Moove, valued at about $0.85 billion and $0.75 billion respectively.

PalmPay’s growth reflects strong demand for mobile financial services that combine transfers, bill payments, and daily money management. Moove represents a different direction: the convergence of fintech with mobility. Its model uses structured financing to help drivers access vehicles and repay through earnings, turning transport into a credit and asset financing opportunity.

Kuda, Paystack, and Paga still hold strong positions

Two well known names, Kuda and Paystack, are valued at about $0.5 billion each.

Kuda remains one of Nigeria’s best known digital only banks, competing on ease of use, lower fees, and app based money management. Paystack continues to be one of the most trusted online payment gateways for businesses collecting payments through the internet.

Paga, valued at about $0.25 billion, completes the group. It has remained relevant through mobile payments and a strong focus on financial inclusion, especially for customers and communities that are underserved by traditional banking.

Summary table: estimated valuations in January 2026

Total: about $10.6bn