Best Payments Companies in Lagos, Nigeria
The 112 best Payments companies in Lagos, Nigeria in 2026, ranked by funding and momentum. Funding, investors, founders, valuation, tech stack and live signals. Top: OPay.
Our analysis of 150 Payments companies
$44.9b in tracked funding; 96% of the stack-profiled cohort runs cloud-native; funding activity peaked in 2021.
Ranked: Best Payments companies in Lagos
| # | Company | Disclosed funding | Last round | Employees | Founder | Tech stack | Web popularity | Recent signals |
|---|---|---|---|---|---|---|---|---|
| 1 | OPay 🦄 Provider of financial services including transfers, bill payments, and debit cards | $570M | 57 mo ago | 1,542 | Yahui Zhou Founder | Node.jsTailwind CSSNginx+11 | Top 50k | — |
| 2 | Interswitch 🦄 Provider of technology solutions facilitating financial services and digital transactions | $310M | 49 mo ago | 1,456 | — | Bootstrapcore-jsSweetAlert+19 | Top 5M | 1 partnership |
| 3 | PalmPay App-based and reward-based payments platform for individuals | $140M | 58 mo ago | 212 | Chika Nwosu CEO & MD | Turbopackstyled-componentsNode.js+7 | Top 50k | 1 partnership |
| 4 | Paga Agent based payment solutions for consumers and businesses | $35M | 93 mo ago | 194 | Tayo Oviosu Co-Founder & CEO | ContentfulKineticJSBootstrap+14 | Top 100k | — |
| 5 | NowNow Mobile-based wallet for businesses and individuals | $13M | 45 mo ago | 397 | Sahir Berry Founder & Chief Executive Officer | WordPressMySQLRedis+25 | Top 5M | — |
| 6 | Paystack Payment processing solutions for businesses | $12M | 93 mo ago | 250 | Ezra Olubi Cofounder and CTO | HighchartsBootstrapAmazon Web Services+20 | Top 500k | 1 job opening · 2 launchs |
| 7 | i.Sec AI based financial fraud detection solutions | $10M | 147 mo ago | 2 | Kayode Disu Founder | — | — | — |
| 8 | Thank U Cash Reward-based digital wallet for consumer payments | $6M | 53 mo ago | 57 | Madonna Ononobi Co-Founder | — | — | — |
| 9 | Duplo Provider of B2B payments solutions | $6M | 45 mo ago | 31 | Tunde Akinnuwa Co-Founder | WordPressMySQLPHP+32 | Top 5M | 1 internship |
| 10 | Touch and Pay Technologies NFC-enabled contactless payment cards for consumers and businesses | $3M | 43 mo ago | 34 | — | MUIJSSReact+9 | Top 5M | — |
| 11 | Thepeer Payment processing solution for businesses | $2M | 48 mo ago | 9 | Chike Ononye Co-Founder | — | — | — |
| 12 | Cardtonic Provider of virtual payment cards gift cards and electronic connectivity | $2M | 5 mo ago | — | Emmanuel Sohe Chief Executive Officer | Node.jsReactNext.js App Router+14 | Top 500k | — |
| 13 | Xend Finance Defi savings platform for credit unions and cooperatives | $2M | 64 mo ago | 2 | — | Node.jsRadix UITailwind CSS+10 | Top 50M | — |
| 14 | Yep! Payment acceptance solution for businesses | $2M | 51 mo ago | 38 | — | — | — | — |
| 15 | TechAdvance Provider of payment facilitation solutions for businesses | $1M | 82 mo ago | 82 | — | — | — | 1 launch |
| 16 | Partna Provider of multiple payment solutions for businesses | $650K | 54 mo ago | — | John Anisere Co-Founder & CTO | TurbopackNode.jsTailwind CSS+12 | Top 50M | — |
| 17 | SwipeNG Provider of credit cards and digital wallets for consumers | $500K | 47 mo ago | 22 | Ayodeji Audu Co-Founder | TypeScriptUbuntuYouTube+12 | Top 50M | — |
| 18 | MMIT Online Mobile apps for POS | $220K | 165 mo ago | 10 | Jide Akindele CEO | — | — | — |
| 19 | Springinafrica Wallet-based payment solution for consumers and businesses | $150K | 71 mo ago | — | Joseph Aruna Co-Founder | BootstrapVercelSwiper+12 | Top 50M | — |
| 20 | Flux Digital wallet for consumer payments | $125K | 60 mo ago | 13 | Ben Eluan Co-Founder & CEO | GridsomeVue.jscore-js+6 | Top 50M | — |
| 21 | Joovlin Provider of payments solution for online merchants | $100K | 68 mo ago | 6 | — | — | — | — |
| 22 | Vesicash Tech-enabled escrow service | $100K | 76 mo ago | 7 | Ibrahim Oladele Co-Founder & CEO | — | — | 2 expansions |
Top 12 Payments companies in Lagos
#1
Seed · Lekki, Lagos · founded 2016$2.1Mraised▾
Provider of virtual payment cards gift cards and electronic connectivity. Services include the issuance of virtual dollar cards for online transactions and the exchange of gift cards for currency. The business facilitates utility bill payments and provides access to mobile connectivity through digital subscriber identity modules. Additionally, the platform offers a marketplace for the purchase of consumer electronics and hardware.
- Jan 2026Seed$2.1M
#2
OPay 🦄Series C · Lagos, Lagos · founded 2018 · 1542 employees$570Mraised▾
Provider of financial services including transfers, bill payments, and debit cards. It facilitates account funding and transfers to other bank accounts. The company offers debit cards for payments at ATMs, POS systems, and online platforms. It also provides a service that allows users to earn daily interest.
- Aug 2021Series C$400M
- Nov 2019Series B$120M
- Jul 2019Series A$50M
#3
Acquired · Lagos, Lagos · founded 2002 · 1456 employees$310Mraised▾
Provider of technology solutions facilitating financial services and digital transactions. The company delivers platforms for individuals, small businesses, enterprises, and developers. It offers tools for payment processing, wellness, energy, real estate, mobility, and government sectors. The company provides resources such as a blog, press updates, support, and developer tools.
- May 2022Series E$110M
- Nov 2019Series D$200M
- Oct 2019Conventional Debt$63.3M
- Mar 2017PE—
#4
Series A · Lagos, Lagos · founded 2019 · 212 employees$140Mraised▾
App-based and reward-based payments platform for individuals. The platform lets users send cash between friends and paying for airtime, bills and more lets users earn rewards for that. Users can earn PalmPoints and coupons as they spend and use them to discount their transactions. The app is available on both Android and iOS platforms.
- Aug 2021Series A$100M
- Nov 2019Seed$40M
#5
Seed · Lagos, Lagos · founded 2015 · 397 employees$13Mraised▾
Mobile-based wallet for businesses and individuals. Users can send money, buy airtime and make bill payments via the app. They also receive coupons, discounts, freebies, and money-back offers on making payments. The app is available for iOS and Android platforms.
- Sep 2022Seed$13M
#6
Series B · Lagos, Lagos · founded 2009 · 194 employees$35Mraised▾
Agent-based payment solutions for consumers and businesses. Provides money transfers, bill payments, online or offline purchases, mobile recharges, travel reservations, cash deposits, cash withdrawals, business capital support, and more.
#7
Seed · Lagos, Lagos · founded 2021 · 31 employees$5.6Mraised▾
Provider of B2B payments solutions. It offers an API-based solution that enables financial institutions and banks to provide digital banking services to the end customers. Its features include digital wallets with income and expense management, receivables automation, NFC-enabled closed-loop cards for payments, and more.
- Aug 2022Seed$4.3M
- Feb 2022Seed$1.3M
#8
Seed · Lagos, Lagos · founded 2017 · 34 employees$3.1Mraised▾
NFC-enabled contactless payment cards for consumers and businesses. It enables the business to accept offline cashless transactions via NFC-enabled devices or payments cards using the tap automation solution. Its revenue assurance platform assists the organization to register, collect, and tracking payments of customers. It caters to multiple industry verticals including healthcare, identity management, events and entertainment, transportation, education, and others.
- Oct 2022Grant (prize money)$50K
- Sep 2022Seed$3M
- Jun 2022Seed—
- Mar 2022Seed$500K
#9
Deadpooled · Lagos, Lagos · founded 2018 · 57 employees$6Mraised▾
Thank U Cash offers a reward-based digital wallet for consumer payments. It features a cashback app for shopping, dining out, booking hotels, and travel activities. Users pay with cash, debit card, or online at any location that accepts Thank U Cash, and earn rewards. The platform works both offline and online payments. It also helps users to locate a store and get a direction or even order a taxi to the destination of the store. The app is available for both IOS and Android platforms.
- Jan 2022Seed$5.3M
- Aug 2020Seed—
- Oct 2018Seed—
- Aug 2018Seed—
#10
Acquired · Lagos, Lagos · founded 2015 · 250 employees$11.7Mraised▾
Paystack provides payment processing solutions for businesses. It features digital payments, card payments, mobile money, recurring payments, QR based payments, POS terminals, bank transfer, and more. It also offers customers with fraud detection from fraudulent transaction & chargeback claims and reporting for accounting, reconciliation & audits.
- Aug 2018Series A$8M
- Dec 2016Seed$1.3M
- Mar 2016Seed$120K
#11
Seed · Lagos, Lagos · founded 2021 · 9 employees$2.3Mraised▾
Payment processing solution for businesses. The company offers to send, direct charge, link, and recurring payment products. It allows users to send money across any business.
- Jun 2022Seed$2.1M
- 2021Seed$220K
#12
Late Stage · Lagos, Lagos · founded 2013 · 2 employees$10Mraised▾
i.Sec provides access authentication middleware to protect customers from unwanted and malicious debits on their accounts and also enables the customer with the ability to either, approve transactions, decline them or report fraud real-time. Solution employs machine learning based artificial intelligence to adapt in real time to detect and provide alerts to prevent financial frauds and scams. Product is delivered via cloud as an API integration to exisiting websites. Products include i.Sec basic and pro which delivers authentication based on secure code, OTP and biometrics for financial transactions across all platforms. Features include compatibility with the international transaction, auditing & loggging capabilities and fraud reporting when a transaction is initiaited. Started with induction at technology innovation program launched by the Federal Ministry of Communication Technology, Nigeria. Company became part of National Anti-Fraud Solution and currently provides 2-factor authentication for the Nigeria Inter-Bank Settlement System (NIBSS).
- Mar 2014PE$10M
Funding & investor landscape
Notable founders
Market landscape — 10 sub-themes by coverage
Share of Payments coverage by sub-theme.
Regulatory-risk over time rising
Funding & growth over time
funding rising · growth rising
What Lagos researches in digital payments
Lagos State University and University of Lagos dominantly research digital payments through financial inclusion and FinTech adoption lenses, with a contested tone reflecting near-equal advancement and concern findings.
- Lagos State University8
- University of Lagos8
- Lagos State Health Service Commission3
- Universidad de Los Lagos1
- Anchor University Lagos1
Common questions
Rohit lives in the feed. He covers what's moving right now — the funding rounds, launches and shifts breaking across the trade press — and ties them back to where the sector is heading.