Hubtel has been ranked 48th on the Financial Times’ 2026 list of Africa’s fastest-growing companies, highlighting the Ghanaian fintech firm’s strong revenue expansion and growing influence within the continent’s digital economy.
The recognition comes after the company recorded revenue growth from 17.91 million in 2021 to 63.68 million in 2024, representing a compound annual growth rate (CAGR) of 52.63 percent over the three-year period measured by the Financial Times.
Unlike many emerging fintech firms that grow rapidly from relatively small revenue bases, Hubtel’s performance reflects expansion achieved at a much larger operational scale, making it one of Ghana’s most established technology companies on this year’s ranking.
From Messaging Platform to Fintech Leader
Founded nearly two decades ago, Hubtel initially operated as a messaging company before transitioning into digital payments and e-commerce services.
The company’s transformation accelerated around 2015 as mobile money adoption expanded across Ghana. That shift pushed the firm away from micro-billing services toward building digital payments infrastructure and commerce solutions.
Today, Hubtel operates across 23 offices nationwide, providing payment, business and consumer services to thousands of users and merchants across the country.
Speaking in an interview with CNN’s Marketplace Africa last year, Chief Executive Officer Alex Bram said Ghana’s domestic market still presents significant growth opportunities for the company.
“We think that Ghana still gives us a lot of room to grow. Even as the number one fintech here, we still process just about 12% of the volume of transactions,” he stated.“This economy has over 800,000 such businesses. There is still a lot of room to grow,” he added.
Industry Recognition and Ghana’s Presence
Hubtel’s latest international recognition follows its recent award as Overall Best Fintech Partner at the MobileMoney Fintech Stakeholder Dinner and Awards organised by MTN Ghana’s mobile financial services subsidiary.
Ghana secured three spots in the Financial Times’ top 50 ranking this year, with Regulus Investment and Financial Services and Interplast also making the list.
The ranking underscores the growing role of Ghanaian firms in Africa’s evolving fintech, manufacturing and business landscape, particularly as digital payments and e-commerce continue to expand across the continent.
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