The TIME 100 listing highlights companies making extraordinary impact worldwide through innovation, leadership, and measurable results.

For Moniepoint and Flutterwave, it validates their mission to build accessible digital financial services for millions across Africa and beyond.

Founded in 2015 by Tosin Eniolorunda and Felix Ike, Moniepoint began as a banking infrastructure provider but has since transformed into a full-service digital finance platform.

The Lagos-based firm supports over 10 million customers and processes more than $1 billion in transactions every month, with a total monthly payments volume exceeding $22 billion.

In late 2024, Moniepoint cemented its unicorn status after raising $110 million in a Series C round and securing industry awards in Corporate Banking and Digital Wallets at the IBS Intelligence Digital Banking Awards.

Its newly launched MonieWorld remittance platform now enables diaspora payments, connecting African users to the rest of the world.

“This recognition by TIME is a powerful validation of the work we do every day to create financial happiness for millions of people and businesses in Africa,” Moniepoint CEO Tosin Eniolorunda said in a statement.

He added that the company’s focus on empowering Nigeria’s vast informal economy and supporting small and medium-sized enterprises remains central to its growth strategy.

Flutterwave, founded in 2016 by Olugbenga Agboola, was listed by TIME for the second consecutive year — an achievement that reflects its aggressive international expansion and leadership in Africa’s fintech space. Valued at $3 billion, Flutterwave processed over $31 billion in transactions in 2024 alone.

Its flagship Send App now operates across 49 US states and completes 98 percent of transactions within five minutes, according to TIME.

Flutterwave’s growing footprint in new markets — including strategic partnerships in Saudi Arabia, Turkey, and other parts of the Middle East — demonstrates its goal to become the leading payment gateway connecting Africa with global commerce.

“We’re here for the long game,” CEO Agboola said, emphasising that the company remains focused on achieving profitability by the end of 2025 while scaling responsibly.

Industry analysts view the dual recognition as a milestone for Africa’s digital finance sector, which continues to attract significant venture funding and regulatory attention as financial inclusion deepens across emerging markets.

Moniepoint and Flutterwave join an exclusive group of African companies breaking barriers in global rankings, adding to Nigeria’s reputation as a hub for innovative financial services and digital payments.

As both firms expand into new products, cross-border services, and strategic alliances, their recognition by TIME is expected to strengthen investor confidence and attract fresh capital for growth.