Topping the list is Omniretail, a B2B e-commerce platform that has revolutionised the informal retail supply chain. PalmPay, another Nigerian fintech heavyweight known for its expansive mobile payment services, claims second place.

The annual ranking celebrates the continent’s most dynamic and innovative businesses, selected based on their compound annual revenue growth, innovation capabilities, and regional impact. This year, fintech companies make up around 20% of the total list, underscoring their rapidly growing role in driving Africa’s digital and economic transformation.

Leading the 2025 ranking, Omniretail has emerged as a powerhouse by digitising traditional retail networks across Nigeria. The platform simplifies procurement for small-scale merchants, allowing them to access inventory efficiently through a streamlined digital supply chain. This innovation not only improves operational logistics but also enhances the livelihoods of thousands of informal retailers across the country. Omniretail’s exponential growth is a testament to the increasing demand for tech-driven solutions in Africa’s fragmented retail markets.

Securing the second spot, PalmPay has demonstrated remarkable growth by providing accessible digital financial services to millions of underserved Africans. Focused on expanding financial inclusion, the platform facilitates mobile payments, money transfers, and other essential financial services to individuals often overlooked by traditional banking institutions. Its rapid expansion reflects a broader trend toward cashless economies and inclusive finance, driven by mobile technology.

The dominance of fintech in the 2025 ranking reflects a significant shift in Africa’s financial ecosystem. Startups from across the continent—including Kenya, South Africa, and Egypt—have successfully harnessed technology to fill longstanding gaps in banking access and infrastructure. From digital wallets to credit platforms, these companies are making financial services more accessible, especially in remote or underserved regions.

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The Financial Times’ latest report not only celebrates business success but also highlights the strategic role of innovation in building Africa’s economic resilience. As global investors and African policymakers assess the continent’s future, it’s clear that fintech will remain a cornerstone of development efforts, driving growth, improving livelihoods, and shaping the next phase of Africa’s digital economy. In sum, the 2025 list reinforces a clear message:Africa’s economic future is being written in code, and fintech firms like Omniretail and PalmPay are leading the charge.