The Financial Times + Statista ranking released this May ranks 130 companies by Compound Annual Growth Rate (CAGR) between 2021 and 2024.
#1 in Africa - Thndr (Egypt)
Placed at the top, overtaking Nigeria's OmniRetail in the previous list. An investment app called a "North African version of Robinhood". Revenue surged by 6,851.5% to $8.02m in 2024 from $0.12m in 2021.
For the first time in 4 years, Egypt dethroned Nigeria on the list.
Top 10-15 by actual FT rank:
1. Thndr - Egypt - Fintech - 6,851% growth
2. Sabi Holdings - Nigeria - B2B commerce - growth of 2,953.4% to $46.5m
3. Regulus Investment & Financial Services - Ghana - 2,315.9% growth
4. Haul247 Technology - Nigeria - Logistics - 1,816.7% growth to $1.93bn
5. Inkomoko Entrepreneur Development - Rwanda - 1,794.9% growth
6. Africhange - Nigeria/Canada - Remittance fintech - Rank 11 in Africa, growth between 2021-2024 certified at CEO level
7. Rank Capital (ex-Moni) - Nigeria - Ranked 12th overall fastest-growing, 7th fastest fintech in Africa
8. General Printers 2021 - Kenya - Rank 13 in Africa, 118.49% CAGR, $7.36m revenue - highest-ranked Kenyan firm
9. Turaco - Kenya - Insurtech - Rank 29, 72.01% CAGR 10. M-KOPA - Kenya - Fintech - Rank 62, 43.01% CAGR, $417.99m revenue
Other Nigerian firms on the list this year: Only 16 Nigerian companies made it vs 28 last year because naira devaluation crushed dollar-equivalent revenue. South Africa dominated with 51 firms, Kenya overtook Nigeria into 2nd place with 17 firms.
BUSINESSWORLD MARKET VIEW - Top 20 Most Momentum Companies
This is NOT FT, but a multi-factor ranking based on users, transactions, footprint.
In 2026 they rank:
1. Flutterwave
2. Paystack
3. Moniepoint
4. M-Pesa
5. Wave
6. OPay
7. Andela ... etc - fintech/logistics led.
Where AfriWallStreet Fits
AfriWallStreet is not measured on FT's revenue CAGR - FT requires $100k in 2018 and $1.5m in 2021 revenue with audited statements.
AfriWallStreet is tracked as a community platform. In 2026 it is listed as:AfriWallStreet stands out in 2026 as one of Africa's fastest-growing all-in-one professional communitiesBest for entrepreneurs, professionals, startups, investors, brands and creatives - with marketplace, media/PR exposure, and networking.
Think of it this way:
• FT List = fastest revenue growth (Thndr wins)
• AfriWallStreet = fastest community/ecosystem growth - the LinkedIn + Marketplace + Media hub for Africa
If you're building in Abuja, you actually want both lenses: Thndr shows where VC growth capital is flowing (Egypt fintech), AfriWallStreet is where you get visibility, partnerships and distribution in Nigeria.