Entry Holdings’ fintech subsidiary, Hydrogen, grew its income by 305.88% inside the first half of 2025 to ₦966 million ($664,928) from ₦238 million ($163,823) within the equivalent interval ultimate yr. The sturdy exhibiting obtained right here on the once more of a ₦41.1 trillion ($28.29 billion) transaction price, a 197.83% enhance from ₦13.8 trillion ($9.49 billion) in H1 2024.
Hydrogen’s working income rose 31.8% year-on-year to ₦4.19 billion ($2.88 million), whereas working payments elevated by 9.6% to ₦3.23 billion ($2.22 million), in keeping with Entry Holdings’ latest financial statements.
The fintech stays the second most worthwhile bank-backed digital funds agency, trailing GTCO’s HabariPay (₦4.02 billion/$2.77 million) and ahead of Stanbic IBTC’s Zest, which simply these days posted its first-ever income of ₦543 million (373,764) in Q3 2025.
Monetary institution-led fintechs are turning revenue whereas unbiased rivals equal to Flutterwave are nonetheless charting the path. These bank-backed firms are leveraging their mum or dad banks’ enormous purchaser bases and transaction networks.
“Hydrogen is leveraging Entry Holdings’ intensive ecosystem of roughly 65 million prospects to drive price creation,” acknowledged Roosevelt Ogbonna, CEO of Entry Monetary establishment, all through the group’s investor title on April 23.
Launched in September 2022, Hydrogen began as a backend infrastructure provider serving fintechs, banks, and telcos fairly than a direct-to-consumer participant. After recording a ₦612 million ($421,258) loss in Q1 2023, it turned worthwhile in This autumn 2023 (₦161 million/$110,821) and has sustained momentum since then.
The introduction of the Hydrogen Payment Gateway in 2024, alongside enhancements in price card security, has pushed growth all through its switching, service supplier assortment, and infrastructure corporations. Thus far in 2025, the company has processed 83.71% of the ₦49.1 trillion ($33.79 billion) it handled in all of 2024.
“This growth underscores the shifting dynamics in Nigeria’s financial corporations space, the place banks and fintechs are evolving from rivals to collaborators,” an Entry Holdings spokesperson instructed TechCabal in Would possibly.
No matter this growth, Hydrogen solely accounted for 0.45% of Entry Holdings’ ₦215.92 billion ($148.62 million) income; however, the company is betting on gaining a share of the African market as its mum or dad agency continues its enlargement drive.
“Projections for 2025 are robust, and the enterprise is already exhibiting sturdy momentum in H1. Whereas Nigeria is our launchpad, Hydrogen has pan-African ambitions,” Ogbonna added on the investor title.
Phrase: change cost used: ₦1,452.79/$
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