• Business - Companies
  • Updated: May 12, 2022

Financial Times Ranks Accelerex Among Fastest Growing Companies In Africa

Financial Times has ranked Accelerex, one of Nigeria’s leading financial technology among Africa’s fastest-growing companies.

This was disclosed by the international business publication in its inaugural annual ranking of Africa’s fastest-growing companies.

The compilation of the list was done in collaboration with Statista, a research and database company that highlights the incredible growth rate of companies in the region despite challenges, including the COVID-19 pandemic restrictions.

Out of many companies within the continent’s landscape, Accelerex had an impressive Absolute Growth Rate of 120% and a Compound Annual Growth Rate (CAGR) of 30.3%.

As a service provider, Accelerex has been able to establish relationships with many financial institutions, partnering with them in the agency banking and merchant acquiring business.

It has operations in Ghana, Kenya, and Congo, with plans to expand to Tanzania and other African countries in the near future.

Accelerex services all the merchant acquiring banks in Nigeria, with over 100,000 active payment channels across the 36 states in the country.

It has consistently ranked as the number one provider of physical payment channel services by the value of transactions processed in Nigeria since 2019.


Join our Telegram platform to get news update Join Now
Felicia Abisola  Olamiji
Felicia Abisola Olamiji

  A graduate of English Language from Olabisi Onabanjo University, passionate about learning new...

More From this Author


lasaco assurance plc Financial Services

Lasaco Assurance Plc was incorporated on 20th December 1979 under the Companies ...

guinea insurance plc Financial Services

GUINEA INSURANCE PLC was established in 1948 when British West African Corporati...

guaranty trust bank plc Financial Services

Guaranty Trust Bank plc was incorporated as a limited liability company licensed...

wema bank plc Financial Services


0 Comment(s)


See this post in...