Compiled by CNBC in partnership with Statista, this list celebrates the top companies around the world driving innovation in the financial technology sector. Companies are selected through a rigorous screening process involving data collection, research, and analysis across general and sector-specific performance indicators.

This marks our second consecutive appearance on this highly esteemed list of the top 300 fintech companies globally. In addition to making the list for a second consecutive year, Piggyvest stands out as the only African company recognised in the Wealth Technology category. Also mentioned in this category are Addepar, an investment portfolio company valued at $3.25 billion; iCapital, an alternative investment marketplace valued at $7.25 billion; and Envestnet, a wealth management technology provider with over 20 million clients representing $6.5 trillion in assets.

Direct Debit: The Payment Method You Might Be Overlooking

Among Cowrywise’s three funding methods, debit cards, bank transfers, and Direct Debit, the latter often flies under the radar. Yet for serious savers and investors who value automation, it’s arguably the most powerful option available.

Here’s how it works: Direct Debit connects your automated savings or investment plans directly to your bank account, allowing Cowrywise to process payments automatically based on your plan settings. No more manual transfers, no more card drama, just seamless, consistent contributions toward your goals.

Perfect for: Investors who value automation and want to maintain their Streaks without interruption.

Why Direct Debit Is a Game-Changer

Eliminate Payment Frustrations
Card issues are surprisingly common. Failed charges, expired cards, and the hassle of enabling online transactions at your bank can derail even the most disciplined savers. Bank transfers, while reliable, require manual action each time. Direct Debit eliminates these pain points, running quietly in the background while you focus on your goals.

Protect Your Streaks
For Streaks enthusiasts, Direct Debit is essential. As long as your linked bank account has sufficient funds, you’ll never miss a payment, and never lose your hard-earned Streak. Set it once, and let consistency work its magic.

True Financial Automation
Direct Debit removes barriers to financial wellness by offering a simple, accessible alternative to card-based transactions. It’s financial inclusion in action, giving more people the tools to participate in automated savings and investments without the friction.

Setting Up Direct Debit

Getting started takes just a few minutes:

Navigate to Profile > Payments > Banks

Select your bank from the list of supported institutions

Enter your phone number and address

Send a ₦50 confirmation fee (details will be provided)

Wait for confirmation – you’ll receive a notification once your account is linked (this can take up to 24 hours or more)

Supported Banks

Direct Debit supports 23 major Nigerian banks, including Access Bank, GTBank, UBA, Zenith Bank, First Bank, Ecobank, Stanbic IBTC, and many others, covering the vast majority of Cowrywise users.

The Bottom Line

If you’re serious about building wealth through consistent savings and investments, Direct Debit removes every possible barrier between you and your financial goals. It’s the difference between hoping you remember to save and knowing your future is being built automatically, one payment at a time.

Already using Cowrywise but haven’t set up Direct Debit yet? Now’s the perfect time. Link your bank account and experience the peace of mind that comes with truly hands-free saving and investing.