Top 10 Fastest Growing Startups in Nigeria (2025 Edition)

Nigeria is one of Africa’s biggest hubs for innovation and entrepreneurship. In 2025, several startups are making waves, raising millions in funding, and expanding across Africa while solving real local problems. From fintech to agritech, edtech, and mobility, these companies are shaping the future of Nigeria’s economy.

Here are the Top 10 fastest-growing startups in Nigeria in 2025.

1. OmniRetail

OmniRetail is a B2B e-commerce platform digitizing Nigeria’s informal retail sector. With a compound annual growth rate (CAGR) of nearly 800%, it was ranked by the Financial Times as the fastest-growing company in Africa for the second year in a row. Backed by $20 million in Series A funding, it’s expanding rapidly across West Africa.

2. PalmPay

PalmPay has become Nigeria’s leading digital wallet and fintech app with over 35 million users. Recording a CAGR of 583%, it now operates in multiple African countries, providing payments, transfers, and loans. PalmPay is at the center of Nigeria’s cashless revolution.

3. Remedial Health

Remedial Health is transforming healthcare by digitizing the pharmaceutical supply chain. Pharmacies and clinics can order medicines online with access to credit and logistics support. With a CAGR of 339%, it is one of Africa’s fastest-growing healthtech companies.

4. Moniepoint

Moniepoint, recently valued at over $1 billion, is one of Nigeria’s newest fintech unicorns. It provides digital banking services to SMEs, enabling payments, payroll, and loans. Backed by a $110 million investment round led by Google in 2024, Moniepoint is scaling aggressively.

5. AFEX Commodities Exchange

AFEX is Nigeria’s first private commodities exchange, linking over 500,000 farmers to financing, warehousing, and digital trading through its ComX platform. Having raised $26.5 million, AFEX is reshaping agritech and food security in Nigeria.

6. Prospa Technology

Prospa, a Y Combinator-backed startup, provides mobile-first business banking for micro, small, and medium enterprises (MSMEs). Its app allows businesses to send invoices, manage payroll, and accept payments seamlessly. It is among Nigeria’s most promising fintech scale-ups.

7. Ecotutu

Ecotutu is a cleantech startup tackling post-harvest food waste by offering solar-powered, pay-as-you-go cold storage solutions for farmers. Its innovation in sustainable storage is gaining global recognition, making it a star in agritech and climate innovation.

8. Spiro

Spiro is pioneering electric motorcycles and sustainable mobility in Nigeria. Through e-motorbike sales and its ride-hailing service CatchMoto, Spiro is reducing fuel dependence and cutting emissions while creating thousands of jobs.

9. AltSchool Africa

AltSchool Africa is revolutionizing digital education across the continent. With over 20,000 students enrolled in coding, tech, and creative programs, it partners with top educators and creators to upskill Africa’s youth for the global job market.

10. Kuda Bank

Kuda Bank, Nigeria’s first fully licensed neobank, is redefining banking with its mobile-only, zero-fee accounts. Now valued at around $500 million, Kuda offers savings, loans, and seamless payments to millions of users across Nigeria and beyond.

📊 Summary Table

✅ Final Thoughts

These startups are not just growing fast — they are solving real Nigerian problems in payments, healthcare, agriculture, energy, and education. Backed by global investors and local demand, they represent the next wave of African unicorns and innovators.