The Financial Times has ranked Zedcrest as the fastest-growing firm in Nigeria’s financial services sector in its 2022 Financial Times ranking for Africa’s Fastest Growing Companies published two days ago.
Africa’s new-age principal investing and financial solutions powerhouse is also ranked the second fastest-growing company in the country and the fifth fastest-growing in Africa.
The ranking was compiled with Statista, a research company and released after months of study, public calls, intense database research, and direct interaction with over 900 public companies in the continent. 75 firms were ranked among millions of African-based businesses based on their revenue compound annual growth (CAGR) between 2017 and 2020.
Commenting on the ranking, Adedayo Amzat, Group Managing Director, Zedcrest Group said it’s an honour to be ranked on the inaugural FT Africa’s Fastest-Growing Companies list, stressing that the ranking is a direct reflection of the leadership team Zedcrest has in place.
“I couldn’t be more proud of our team. We’ve been fortunate to extend our business across different verticals of the financial sector over the past few years and we’ll continue to evaluate opportunities in other markets as part of our future growth strategy,” he said.
He reaffirmed the company’s commitment to building inter-connected financial solutions across Africa through technological innovation while ensuring global best practices.
The ranking, according to FT, offers a view of the corporate landscape on a continent where technology, finance, and support-service companies have had to adjust to a drastically changed environment.
Nigeria was the second most represented country in the ranking, with 20 companies, behind South Africa (24) and ahead of Kenya (nine), and Egypt (six). These are also the markets that have attracted the most venture capital and where unicorns (companies valued at $1bn+) and would-be unicorns have proliferated.
