Nigerian Fintech Platnova Reaches over 100,000 Users Across 50 Countries at Three-Year Mark

Platnova, the Nigerian-founded financial technology platform with operations across Africa, Europe, and North America, has marked its third anniversary with a user base of 100,000 verified accounts transacting in 13 currencies across more than 50 countries.

Founded in 2023 and headquartered in Lagos with registered entities in the United Kingdom, United States, Canada, and Rwanda, Platnova has built a multi-currency financial platform targeting African consumers and businesses, both on the continent and across diaspora corridors in Europe and North America.

The company’s core infrastructure enables real-time international money transfers, multi-currency account management, and a savings product – Vault – that offers users the ability to hold and grow funds in US Dollars, British Pounds, Euros, and Nigerian Naira, with a 15.5% return on investment. Its most recent product addition, a USD Account, allows African users to receive, hold, and transact in US Dollars without requiring a traditional bank relationship in a dollar-denominated jurisdiction.

“We wanted to build financial infrastructure that works for Africans everywhere, not a workaround, but a proper solution. Three years in, we believe we’re delivering on that.”- Benjamin Oyemolan, CEO and Co-founder, Platnova.

Platnova’s regulatory architecture gives it a compliance advantage in the markets it serves. The company operates under FinCEN regulation in the United States, holds MSB registration in Canada, works with an FCA-regulated partner in the United Kingdom, and maintains a CBN-regulated partnership in Nigeria – a multi-jurisdictional compliance posture that enables it to serve users across regulatory environments without requiring separate product stacks.

The company is now making a strategic push into business payments, offering merchant API tools, multi-currency settlement infrastructure, and business card products aimed at African SMEs with international customer bases. The addressable market is significant: African businesses processing cross-border payments continue to encounter high failure rates, currency conversion costs, and settlement delays that represent meaningful operational drag.

Platnova placed second runner-up at the Startup World Cup Grand Finale in San Francisco in 2024, one of the few African fintech companies to reach that stage of the global competition. The company has also received recognition as Nigeria’s Fastest Growing Fintech Startup and has participated in more than 10 major industry events over the past year.

With a new headquarters opened in Lagos this year and an expanding product roadmap, Platnova enters its fourth year focused on market expansion, improved onboarding, and scaling its business infrastructure with particular attention to diaspora corridors where demand for reliable cross-border financial tools continues to outpace supply.