Rank Capital has earned a spot on the Financial Times’ list of Africa’s fastest-growing companies, ranking seventh among fintech firms on the continent, sixth in Nigeria, and 12th overall. The recognition places the company among the region’s most dynamic players in financial technology.
The ranking, compiled by the Financial Times in collaboration with Statista, evaluates 100 African companies based on their compound annual revenue growth. It highlights businesses that have managed to scale rapidly despite economic uncertainty and shifting global market conditions.
According to the company, Rank Capital has paid out more than $100 million to users over the past 12 months, driven by its community-based investment model. The firm says its growth reflects rising demand for digital financial services and collective wealth-building platforms across Nigeria.
Chief Executive Officer and Co-Founder of Rank, Femi Iromini, said the recognition validates the company’s mission and approach. He described Rank Capital’s growth as proof that combining technology with community trust can reshape how people build wealth, adding that the achievement belongs to its users and partners.
The company, a subsidiary of Rank, recently rebranded from Moni and expanded through the acquisition of AjoMoney and Zazzau Microfinance Bank, now operating as Rank MFB. It says the move strengthens its ecosystem across savings, investments, and inclusive banking services for young Africans.
source: The Guardian