Accelerex logo — Nigeria's Leading Fintech Company. Winner of the CBN "Cashle...

Accelerex

Nigeria's Leading Fintech Company. Winner of the CBN "Cashless Driver" Award​.

Founded 2008 Nigeria Ikeja, Nigeria 277 employees Private Equity Total: $20.00M Financial Services, Fintech +1

General Information

Company Name Accelerex
Founded Year 2008
Location Nigeria Ikeja, Nigeria
Founders / Decision Makers
Team member
Employees 277
Industries Financial Services, Fintech, Payments
Funding Stage Private Equity
Social

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About Accelerex

Accelerex, branded as Nigeria's Leading Fintech Company and proud recipient of the CBN "Cashless Driver" Award​, is making significant strides in digital payment solutions across sub-Saharan Africa. Founded in 2008, this Nigeria-headquartered company targets developing economies with its comprehensive fintech services.

Specializing in Financial Services, Fintech, and Payments, Accelerex stands out by leveraging its regulatory license to offer card acceptance services, making it a crucial player in the digital payment landscape. By partnering with merchant acquiring banks and engaging directly with medium-to-large businesses, it focuses on automating cash collections and streamlining merchant processes, catering to the evolving needs of its customers.

The company's robust growth trajectory was evident when it secured a $20.00M Private Equity Round on 19 November 2020, funded by African Capital Alliance. This financial backing underscores investor confidence in its model and regional market potential, making Accelerex a compelling opportunity for those looking to invest in the fintech industry.

Business keywords: Digital Payment Solutions, Card Acceptance Services, Merchant Acquiring, Cashless Transactions, Electronic Payment Solutions, Collection and Remittance Services, Payment Terminal Service Management, Card Payment Implementation, Payment Solution Deployment, Business Process Automation, Secure Payment Processing, Reliable Financial Services, Cost-effective Payment Solutions, Electronic Payment Provider

Funding Rounds & Investors (1)

View All
Funding Stage Amount Investors Lead Investors Date
Private Equity Round $20.00M 1
African Capital Alliance
19 Nov 2020

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FAQ About Accelerex

Nigeria's Leading Fintech Company. Winner of the CBN "Cashless Driver" Award​.
Accelerex was founded in 2008.
Accelerex is headquartered in Ikeja, Nigeria.
Accelerex operates in Financial Services, Fintech and Payments. Its work centres on Digital Payment Solutions, Card Acceptance Services, Merchant Acquiring and Cashless Transactions.
Accelerex has approximately 277 employees.
Accelerex has completed 1 funding round, raising a total of $20.00M. The latest funding stage is Private Equity.
Top alternatives and competitors to Accelerex include PayCore, Paynet Ödeme Hizmetleri, Redtech, Concardis Schweiz AG, Tapsys (Private) Limited. These companies operate in related industries and serve comparable markets. You can compare them side by side on Bounce Watch.
Accelerex and PayCore are both companies in similar industries. Compare their funding, team size, growth signals, and market position on Bounce Watch to see which one fits your needs.

Source: BounceWatch company record for Accelerex, https://bouncewatch.com/company/accelerex, updated 5 June 2026. When citing, please name BounceWatch and link this page.

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