Sunday, September 7, 2025
Techgist Africa | Africa Leading Tech News, Reviews and Tips
  • News
    • World News
    • World Regional News
    • News – East Africa
    • News – West Africa
    • News – South Africa
    • News – Middle East And North Africa
  • The Big 5
  • Specials
  • Opportunities
  • Innovators
  • Events
  • Videos
  • Contact
No Result
View All Result
Techgist Africa | Africa Leading Tech News, Reviews and Tips
  • News
    • World News
    • World Regional News
    • News – East Africa
    • News – West Africa
    • News – South Africa
    • News – Middle East And North Africa
  • The Big 5
  • Specials
  • Opportunities
  • Innovators
  • Events
  • Videos
  • Contact
No Result
View All Result
Techgist Africa | Africa Leading Tech News, Reviews and Tips
No Result
View All Result
Home Africa

OPay, PalmPay, Flutterwave & Yoco Lists on the Fintech 250: Top Fintech Companies of 2020

Tech Gist Africa by Tech Gist Africa
09/10/2020
in Africa, News
0 0
0
Fintech 250
0
SHARES
Share on FacebookShare on Twitter

These African fintech companies, OPay, PalmPay, Flutterwave, and Yoco are listed on the third annual Fintech 250: Top Fintech Companies of 2020. The Fintech 250 is CB Insights’ list of the top 250 private fintech companies that leverage technology to disrupt the financial service sector. 

It includes startups at different stages of development – from early-stage companies to well-funded unicorns. In the last five years, the 2020 cohort raised about $49.2 billion in aggregate funding across nearly 900 deals. Grab, a Singapore-based fintech tops the list of most funds raised with $9.7 billion amassed over five years.  

These companies out of about 16,000 either applied or were nominated. The 250 were selected based on the data each company submitted, business models, market dominance, and Mosaic scores – CB Insight’s proprietary algorithm that measures the health and growth potential of private companies. 

OPay is the most funded company in Africa and 79th in CB Insights’ Fintech 250 list of Top 100 Most Well-funded Fintechs. It has secured $170 million investment from its parent company, Sequoia Capital, IDG Capital, Source Code Capital, Meituan Dianping, and GSR Ventures. The $170 million raised by OPay is only 1.75% of the $7.8 billion raised by Grab over the same five-year period.  

PalmPay ranked 195 on the list and has raised $40 million from investors like NetEase, MediaTek, and Transsion Holdings. 

South Africa’s Yoco ranked 230 on CB Insights’ list of companies that secured funds in the last 5 years. Yoco raised $33 million investment capital from its biggest investors, including Partech Partners, Greyhound Capital, Quona Capital, FMO, and Orange Digital Ventures. 

Access the full list here. 

ShareTweet
Plugin Install : Subscribe Push Notification need OneSignal plugin to be installed.
Tech Gist Africa

Tech Gist Africa

Tech Gist Africa is a new media and technology news platform that focuses on the untold stories of innovative ideas closely connected to technology news from Africa.

Related Posts

Stratech South Africa
Investments

StraTech Secures Strategic Investment to Expand Enterprise Fintech Infrastructure Across Africa

by Tech Gist Africa
09/05/2025
0

StraTech, a South African fintech startup specializing in enterprise-grade financial infrastructure, has secured a strategic investment from VEA Capital Partners,...

Read more
Sahel Capital Mastercard Foundation

Sahel Capital Secures $10M from Mastercard Foundation to Scale Agri-SMEs Across Africa

09/05/2025
REdimension Capital South Africa

REdimension Capital Secures $13.8 Million to Transform South Africa’s Proptech Landscape

09/04/2025
Finnfund Poa Internet Kenya

Finnfund Invests $4M in Poa Internet to Expand Affordable Broadband in Kenya

09/04/2025
Holo Fintech UAE

Holo Secures $22M Series A to Revolutionize Homeownership in UAE and Saudi Arabia

09/03/2025
Next Post
Big 5

Zimbabwe software

Zimbabwe Develops Secure Video Conferencing and Messaging Software to Evade Hackers  

Big 5

No Result
View All Result

The Big 5

ITIDA Egypt

Egypt’s Start IT Programme Welcomes Eight Innovative Startups in 47th Cohort

by Tech Gist Africa
09/01/2025
0

...

startup africa

Innovate47 Launches Food & Agri Accelerator to Empower African Startups

by Tech Gist Africa
09/01/2025
0

...

Dubai AI Accelerator

Dubai’s AI Accelerator has opened Registration for the “Future of AI in Government Services Accelerator” Program

by Tech Gist Africa
09/01/2025
0

...

Presight AI-Startup Accelerator

Presight AI-Startup Accelerator Ignites Global Innovation in Abu Dhabi

by Tech Gist Africa
09/01/2025
0

...

African tech ecosystem

Africa’s Growing Role in Global Tech Partnerships: Collaboration with Silicon Valley and Beyond

by Tech Gist Africa
08/25/2025
0

...

TGA

  • About us
  • Terms and Conditions
  • Privacy Policy
  • Contact

TGA

  • About us
  • Terms and Conditions
  • Privacy Policy
  • Contact

AFRICA

  • Made In Africa
  • People
    • Tech Leaders
    • Innovator of the Week
  • Start-Up Spotlight

NEWS

  • Africa News
  • World News

THE BIG 5

  • Big 5 Daily
  • Weekly News Roundup

SPECIALS

  • Guest Articles
  • How Tos
  • Op-Eds
  • Reviews
  • Tech Leaders
  • Tips

VIDEOS

  • Interviews
  • Tech Videos

TGA

  • About us
  • Terms and Conditions
  • Privacy Policy
  • Contact

AFRICA

  • Made In Africa
  • People
    • Tech Leaders
    • Innovator of the Week
  • Start-Up Spotlight

NEWS

  • Africa News
  • World News

THE BIG 5

  • Big 5 Daily
  • Weekly News Roundup

SPECIALS

  • Guest Articles
  • How Tos
  • Op-Eds
  • Reviews
  • Tech Leaders
  • Tips

VIDEOS

  • Interviews
  • Tech Videos

Copyright © 2020 Techgistafrica. All Rights Reserved

No Result
View All Result
  • News
    • World News
    • World Regional News
    • News – East Africa
    • News – West Africa
    • News – South Africa
    • News – Middle East And North Africa
  • The Big 5
  • Specials
  • Opportunities
  • Innovators
  • Events
  • Videos
  • Contact

Copyright © 2019 TECHGISTAFRICA. All Rights Reserved

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.