How much funding have Digital Payments startups in Lagos raised?

Digital Payments startups in Lagos have raised $24.2M across 9 disclosed rounds.

Who invests in Digital Payments startups in Lagos?

Abdul Hassan has backed 1 of them, followed by African Capital Alliance (1) and Alan Rutledge (1). 14 investors have backed Digital Payments startups in Lagos in total.

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Digital Payments startups in Lagos

StartupList Africa tracks 20 Digital Payments startups in Lagos, Nigeria, which have raised $24.2M across 9 disclosed rounds. 14 investors have backed them.

Companies: 20; in Lagos
Total raised: $24.2M; 9 rounds
Investors: 14; backed them

Updated 26 Oct 202620 companiesSource: SLA Startup IndexHow sectors are assigned →Full directory →

Digital Payments startups in Lagos20

#	Startup	What they do	Last round	Raised	Team
1	PeppaNigeria	Nigerian payment-protection (escrow) platform for social commerce, now enterprise payment infrastructure	Accelerator	Not disclosed
2	JaraGiftNigeria	Exchange unused gift cards for Naira and withdraw to Nigerian bank accounts	-	Not disclosed
3	MustardXBotNigeria	Programmable crypto-to-naira settlement wallets for African businesses	-	Not disclosed
4	Ultra AppNigeria	Digital finance app for virtual accounts, bank transfers, bill payments and crypto	-	Not disclosed
5	PressPayNgNigeria	PressPayNg helps African learners save and access loans, scholarships, grants, and crowdfunding	Seed	Not disclosed	11–50
6	PaychantNigeria	Stablecoin on- and off-ramp infrastructure connecting African payment networks	-	Not disclosed
7	TingtelNigeria	Nigerian airtime platform to swap, sell and buy airtime and pay bills	-	Not disclosed
8	BlusaltNigeria	Blusalt provides embedded fintech APIs for wallets, cards, banking and payments across Africa	-	Not disclosed
9	E-SettlementNigeria	E-Settlement is a financial service provider with offerings that cater to everyday financial problems.	-	Not disclosed	51–200
10	KeshPayNigeria	Super app for payments, crypto and FX trading, virtual cards, bill payments and merchant tools, built for Africa	-	Not disclosed
11	EndowNigeria	Track creator income, sell products, and split revenue	-	Not disclosed
12	FresibleNigeria	Lagos digital company behind Fresible Music, a music distribution platform for African artists.	-	Not disclosed
13	ReachAfrikaNigeria	Nigerian bill-payment app for airtime, data, utility and TV payments, with ad-based rewards	-	Not disclosed
14	Geckorave PaymentsNigeria	Payments, escrow, payment links and bill payments for businesses and individuals	-	Not disclosed
15	BoldswitchNigeria	Local and global payments with US dollars and virtual cards for Nigerian businesses	-	Not disclosed
16	CoralPayNigeria	Payment switching, gateways, USSD and transfer solutions for businesses	-	Not disclosed
17	AccelerexNigeria	Global Accelerex Limited is a FinTech company focused on delivering digital payment solutions and services to customers sub-Saharan African region.	Private Equity	$20M	201–500
18	CardtonicNigeria	Cardtonic is a Nigerian fintech offering consumer financial tools and expanding into business solutions.	Seed	$2M	51–200
19	GreyNigeria	Cross-border accounts and international payments	Seed	$2M	11–50
20	useazzaNigeria	Useazza is a Lagos-based fintech startup building Azza, a WhatsApp-integrated AI crypto wallet simplifying digital transactions.	Grant	$89K	1–10

SLA Startup Index · as of 26 Oct 2026 · raised is disclosed funding

Showing 1–20 of 20

Frequently asked about Digital Payments in Lagos

How many Digital Payments startups are there in Lagos?: StartupList Africa tracks 20 Digital Payments startups in Lagos, Nigeria.
How much funding have Digital Payments startups in Lagos raised?: Digital Payments startups in Lagos have raised $24.2M across 9 disclosed rounds.
Who invests in Digital Payments startups in Lagos?: Abdul Hassan has backed 1 of them, followed by African Capital Alliance (1) and Alan Rutledge (1). 14 investors have backed Digital Payments startups in Lagos in total.

Cite this page

StartupList Africa, “Digital Payments startups in Lagos”, updated 26 Oct 2026.

startuplist.africa/location/lagos/industries/digital-payments