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.