Tech Startups Dominating Nigeria’s Market Value Right Now

In 2025, Nigeria’s tech scene isn’t just thriving, it’s booming. Once considered a rising player, the country has now cemented its place as one of Africa’s leading hubs for innovation and startup growth.

From bustling fintech corridors in Lagos to remote-first software companies scaling globally, Nigerian startups are raising serious money, solving real-world problems, and gaining massive market value.

Here are the top tech startups making waves, not just for the headlines they’re grabbing, but for their sheer impact, investor confidence, and billion-dollar valuations.

FlutterwaveIf there’s one name you’ll hear often in Africa’s fintech space, it’s Flutterwave. This payment tech company, launched in 2016, has gone beyond processing transactions — it’s building the rails for digital commerce across the continent. With a valuation of $3.2 billion and over $475 million raised in funding, Flutterwave has become the face of African innovation, enabling businesses of all sizes to move money seamlessly.

OPayOPay started off as a simple mobile money platform, but today, it’s a $2.7 billion fintech force changing the way Nigerians pay, save, and borrow. Backed by heavy-hitter investors and with a funding total of $570 million, OPay’s rise shows the demand for smart, mobile-first financial solutions in Nigeria’s largely unbanked economy.

AndelaLong before remote work became the norm, Andela was already matching top African tech talent with global companies. The company, now valued at $1.5 billion, began by training Nigerian software engineers and has grown into a fully remote talent network with engineers working for firms across the U.S. and Europe. Andela’s $381 million in funding speaks to the global appetite for African tech skills.

InterswitchBefore Flutterwave and OPay came along, Interswitch was already laying the foundation for Nigeria’s digital payments infrastructure. Established in 2002, Interswitch has quietly grown into a billion-dollar business. With over $320 million raised, it remains a steady force powering banks, governments, and enterprises through its payment processing solutions.

MoniepointMoniepoint, formerly TeamApt, is not just another fintech. It’s a full-blown business banking platform designed for Nigeria’s small and medium-sized enterprises. With a valuation of $1 billion and $166 million in funding, Moniepoint has carved out a niche in the B2B fintech space — providing businesses with tools to manage sales, payments, and operations all in one place.

MooveAt the intersection of fintech and transportation is Moove, a startup that’s changing how mobility entrepreneurs get on the road. From ride-hailing drivers to delivery couriers, Moove provides flexible vehicle financing backed by revenue. With a valuation of $750 million and $260 million in funding, it’s one of the most promising startups building infrastructure for Africa’s on-demand economy.

KudaKuda isn’t just a mobile bank — it’s a symbol of what the future of banking in Africa could look like. Fully digital, licensed, and user-friendly, Kuda has grown fast since launching in 2019. It’s now valued at $500 million and has raised more than $90 million to date. With no physical branches, Kuda is reaching younger, tech-savvy Nigerians who expect their bank to live on their phone.

JumiaJumia might not be the newest name on this list, but it’s still one of the most significant. As Africa’s first tech company to list on the NYSE, Jumia has built a strong e-commerce presence in Nigeria and beyond. With a valuation nearing $500 million and over $1.2 billion in funding raised, it remains a key player in online retail and logistics across the continent.

PagaFounded in 2009, Paga has been a long-time champion of financial inclusion. Its mobile wallet service allows users to pay bills, send money, and buy airtime without a bank account. With a $300 million valuation and $35 million in funding, Paga continues to thrive by staying focused on everyday transactions in both urban and rural areas.

KongaKonga has been around since 2012, and though it’s seen ups and downs, it still holds its place among Nigeria’s top startups. With a $200 million valuation and close to $76 million in funding, Konga offers both a direct retail experience and a marketplace for third-party sellers. It’s proof that consistency and reinvention still matter in Nigeria’s tech economy.