OmniRetail, M-KOPA, Thndr, Termii and 26 other African startups made the Financial Times’ 2026 ranking of Africa’s Fastest-Growing Companies, an annual list that features 130 high-growth businesses across the continent. The FT list, produced in partnership with research company Statista, identified African companies with a minimal compound annual growth in revenues (CAGR) of 9.27% between 2021 and 2024. Selected companies must have generated revenue of at least $100,000 generated in 2021 and at least $1.5 million in 2024, and be headquartered in an African country. In 2025, six Nigerian startups, Moniepoint, OmniRetail, PalmPay, Termii, Remedial Health, and Paga, and nine other African startups made the ranking, compared to this year’s 30 startups. The list featured companies across fintech, healthtech, logistics, e-commerce, clean energy, hospitality, and enterprise software, although the fintech, IT, and software sectors continued to dominate the ranking, accounting for nearly 40% of the companies featured. Egypt produced the top-ranked company for the first time with investment platform Thndr, while Kenya edged ahead of Nigeria in total company representation, with 17 companies compared to Nigeria’s 16. South Africa remained the most represented country overall with 52 companies on the list, continuing its long-standing dominance in the ranking. Below are the 30 startups that made this year’s ranking. Nigeria Sabi Launched in 2021 by Anu Adedoyin Adasolum and Ademola Adesina, Sabi is a B2B digital commerce company that helps informal retail merchants to digitise their operations, streamline inventory management, access logistics services, and connect with suppliers. The company started as an offshoot of Rensource, a power distribution venture for informal markets, repurposing its internal logistics and payment tools to help merchants stay afloat, and then evolved into an operating system for African merchants. In 2025, Sabi said it will double down on its Technology Rails for African Commodities Exchange (TRACE) product, which enables it to manage mineral and agricultural commodities businesses. The company saw its revenue grow from $1.52 million in 2021 to $46.50 million in 2024, according to the FT ranking. Haul247 Founded in 2020 by Sehinde Afolayan, Haul247 is a logistics and trucking marketplace digitising freight movement across Nigeria. The startup connects manufacturers and large cargo owners with truck operators through a digital platform to fulfil their logistics needs across Nigeria. In 2023, the startup raised $3 million in seed funding to expand its presence in Nigeria and develop its technology. The company saw its revenue grow from $0.10 million in 2021 to $1.93 million in 2024, according to the FT ranking. OmniRetail Launched in June 2019, OmniRetail is a B2B e-commerce platform that operates in Nigeria, Ghana, and Côte d’Ivoire. The company, which led the FT rankings in 2025, enables retailers to order fast-moving consumer goods (FMCG) from manufacturers and distributors using mobile apps, with logistics and embedded financing. In April 2025, OmniRetail closed a $20 million Series A round and said it has visibility into over 500,000 FMCG orders worth ₦250 billion ($182 million) monthly, across 10,000 distributors and 100,000 retailers. The company saw its revenue grow from $40.26 million in 2021 to $54.24 million in 2024, according to the FT ranking. Remedial Health Founded in 2021 by Samuel Okwuada and Victor Benjamin, Remedial Health is a healthtech startup that digitises how medicines move across Nigeria’s pharmaceutical retail market. Its platform allows pharmacies to order verified drugs directly from manufacturers and also helps in managing inventory and procurement. In 2023, the healthtech startup raised $12 million in Series A funding, a mix of debt and equity, to deepen its services across Nigeria. The company saw its revenue grow from $0.84 million in 2021 to $12.53 million in 2024, according to the FT ranking. Africhange Africhange, founded in 2020, is a remittance and cross-border payments startup focused on helping Africans in the diaspora send money home at lower costs. The company operates across Nigeria, the UK, Canada, and Australia remittance corridor and has expanded into other international payment routes, including cryptocurrency services. The company saw its revenue grow from $0.22 million in 2021 to $2.30 million in 2024, according to the FT ranking. Rank Capital Formerly known as Moni, YC-backed Rank Capital is a Nigerian fintech offering community banking services. In 2025, the startup acquired AjoMoney, a group savings platform, and Zazzau Microfinance Bank (MFB), to offer more financial services beyond savings. The company disclosed that it had disbursed nearly $46.62 million in loans to over 20,000 businesses and achieved a 96% repayment rate in 2023. The company saw its revenue grow from $0.40 million in 2021 to $4.65 million in 2024, according to the FT ranking. Termii Returning to the ranking for a second consecutive year, Termii enables African businesses to engage with customers using SMS, voice, email, and other digital channels through its communication infrastructure. Launched in 2017 by Emmanuel Gbolade, Ayomide Awe, and Atinuke Idowu, the startup revealed in 2024 that it had processed over 1 billion customer transactions across SMS, voice, and WhatsApp, and facilitated wallet transactions totalling 11 billion. The company saw its revenue grow from $1.29 million in 2021 to $2.53 million in 2024, according to the FT ranking. Redtech Redtech is a fintech company, backed by another ranked company, Heirs Holdings, that provides payment solutions that allow businesses to collect, manage, and track all their financial transactions. The company noted that it processed over ₦12 trillion ($10 billion) in payment transactions in 2024 and launched its flagship payment platform, RedPay, in 2025. The company saw its revenue grow from $3.48 million in 2021 to $4.47 million in 2024, according to the FT ranking. Fairmoney Microfinance Bank Founded in 2017, FairMoney is a Nigerian consumer-focused lending fintech that grew its gross revenue by 62% in 2024 and offers transfers, savings, bill payments, debit cards, and loans to users. The company saw its revenue grow from $73.54 million in 2021 to $75.73 million in 2024, according to the FT ranking. South Africa Future Forex Founded in 2020 by Harry Scherzer and Josh Kotlowitz, Future Forex is a South African fintech company
Read More