Nigeria funding

OPay is a Nigerian fintech company that provides a range of financial services including payments, transfers, savings, and credit. It has seen significant growth in transaction volume and user base, positioning itself as a key player in Nigeria's digital payments market.

A Lagos startup has transformed failed one-time passwords (OTPs) into a successful infrastructure business in Africa. The company has raised $5.3 million, indicating a notable achievement in leveraging technology for infrastructure solutions.

PalmPay is one of Africa’s fastest-growing digital payments companies, offering services such as payments, transfers, savings, lending, and merchant services. The company serves over 35 million users and more than one million merchants, positioning itself as a significant player in the fintech space. With a valuation exceeding $1 billion, PalmPay is preparing for a potential IPO in Hong Kong while seeking to raise additional funding to support its expansion plans.

Dimension Data Limited is a technology company focused on providing digital solutions and infrastructure. The company aims to support Nigeria's growing demand for digital connectivity through the expansion of its fibre network. This funding round reflects the confidence of investors in the company's long-term growth strategy.

Shuttlers is a shared mobility company that provides transportation solutions primarily for corporate users in Nigeria. It has completed over 10 million trips and is recognized as Nigeria's first private shared mobility platform integrated into Google Transit.

TTYBrand Africa is developing the world's first braiding robot, aimed at revolutionizing the hair braiding industry. The company targets consumers and salons looking for innovative hair styling solutions. This funding round of $7 million will support the development and deployment of their technology.

Codar is an African educational technology platform focused on scaling digital workforce development programs across Africa. It aims to dismantle cost and access barriers to high-quality technology education, preparing students for high-growth technical roles through a practical, project-based curriculum. The recent funding will enhance its curriculum, infrastructure, and scholarship accessibility.

Nigeria has emerged as the most preferred destination for equity funding in the first half of 2026, with startups across the country raising $214 million. This significant increase in funding highlights the growth of early-stage investments in the Nigerian tech startup space.

Stabyl is a startup focused on building FX liquidity infrastructure for African fintechs and firms. It operates as a liquidity exchange, helping financial firms access pools of foreign currency when needed, addressing the challenges of obtaining predictable rates in many African markets.

Nigerian fintech companies are attracting significant investment due to a growing market where millions use mobile apps for transactions and digital payments. The sector is characterized by rapid adoption of digital financial solutions, making it a focal point for global investors.

Flutterwave is a payments technology company that provides a platform for businesses to make and accept payments across Africa. It aims to simplify the payment process for merchants and consumers, making it easier to conduct transactions in various currencies. The recent investment from Ripple highlights the growing interest in the African fintech landscape.

Agriarche is a company focused on agricultural innovation, providing solutions that enhance productivity and sustainability in farming. The company has received significant funding to expand its operations and impact in the agricultural sector, particularly in Nigeria.

Cascador is an investment firm focusing on growth-stage startups in Nigeria. The firm is betting on the potential of the Nigerian market by investing $5.6 million to support local entrepreneurs and businesses.

Opay is a financial technology firm that operates a super-app offering various services including payments, ride-hailing, and food delivery. It primarily targets the Nigerian market, leveraging a massive customer base and transaction volumes to attract global investors for its planned IPO.

Africa Finance Corporation is a pan-African multilateral development finance institution. It focuses on providing financial solutions for infrastructure and industrial projects across Africa, aiming to drive economic growth and development on the continent. The recent commitment of $100 million to digital growth highlights its dedication to enhancing technological advancements in the region.

LemFi is a fintech startup that helps immigrants send money across borders faster and at lower costs than traditional remittance services. It primarily serves African diaspora communities sending money to countries like Nigeria, Ghana, and Kenya. The company is expanding its cross-border payment infrastructure and has processed over $1 billion in monthly transaction volume.