PalmPay

Active#5 in Nigeria

Mobile money and wallet

Fintech›mobile money and wallet

Founded2019

HQLagos

RaisedUSD ~140M

Last roundSeries A · Aug 2021

Country of originNigeriaListed in the Nigeria ranking

Where would you invest?UK holding; operations in LagosJurisdiction as cited by the ranking

Uback rankings

How the AI ranks →

Ranking	Tier	Rank	Edition	Next update
Nigeria · all sectors	Top 15	#5	Edition 0 – beta · October 2026	8 Oct 2026
Mobile wallets · worldwide	Top 11	#11	Edition 0 (beta) · Sep 2026	25 Mar 2027

Rank historySep 2026 · #11 Mobile walletsOct 2026 · #5 Nigeria

Estimated valuation

AI · Nigeria ranking

≈ USD 520MUSD 340–770M · Hundreds of M$ Medium confidence

Hundreds of k$

Millions $

Tens of M$

Hundreds of M$

Unicorn

Decacorn

Anchor: Last known equity round: Series A · USD 100M · Aug 2021
AI adjustment: None

In the Mobile wallets ranking (worldwide): ≈ USD 1.2bn · USD 600M–2.4bn · Unicorn · Low confidence.

An indicative editorial estimate produced by AI, imperfect by nature: neither a financial valuation nor investment advice. Only the market sets a company’s value. Method

Funding history

USD ~140M raised in total

Date	Round	Amount	Type	Investors	Source
Aug 2021	Series A	USD 100M	Equity	Chuangshi Capital, AfricInvest	techcrunch.com
2021	Series A	USD 100M	Equity	Transsion, NetEase, MediaTek	dabafinance.com

Rounds as cited by Uback’s rankings and their sources. Equity, debt and grants are shown separately; only equity rounds count towards the valuation anchor.

Independent analyses

By industry professionals & analysts

Industry professionals and financial analysts can publish their own analysis of PalmPay as a PDF, on one of three angles only:

ValuationWhat is PalmPay worth?

Versus competitorsIs #5 the right rank?

Who should acquire itStrategic buyers, and why

Publish an analysisName, role and LinkedIn shown · public sources only

Analyses are the opinion of their authors, not of Uback. They are checked before publication and never change the rank.

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What the AI reads

Press & investor announcements3 sources

Read by the AI at the next edition.

Comparable companies in Nigeria

Full Nigeria ranking →

Flutterwave#1Fintech › payment gateway and cross-border paymentsUnicorn OPay#2Fintech › mobile money and walletUnicorn Moniepoint#3Fintech › SME and agent bankingUnicorn Interswitch#4Fintech › payment switching and cardsHundreds of M$

Investors in PalmPay: Chuangshi Capital · AfricInvest · Transsion · NetEase · MediaTek

Sources. techcrunch.com · dabafinance.com · app.dealroom.co

Last updated: Oct 2026Report an error

Uback is a content publisher. It provides no investment advice, receives no mandate and takes part in no transaction. Rankings, ranges and brackets are editorial estimates produced by AI, purely indicative.