Moniepoint Inc., Nigeria’s foremost small-business financial technology platform and one of Africa’s fastest-growing all-in-one financial ecosystems, has marked its 10th anniversary with the release of its 2025 Year-in-Review report, unveiling a landmark achievement — the disbursement of over ₦1 trillion in credit to small and medium-scale enterprises within the year.
The milestone underscores Moniepoint’s expanding role as a backbone of Nigeria’s entrepreneurial economy, supporting more than six million active businesses nationwide. From neighbourhood provision stores and supermarkets to construction material merchants and service providers, the credit interventions have translated into measurable business expansion, with internal performance data indicating average growth above 36 percent among beneficiaries.
Central to this success is Moniepoint’s adoption of alternative credit assessment models that leverage transaction history, payment behaviour, and operational data, enabling access to finance for businesses often excluded by traditional banking systems. Industry observers say the strategy has significantly deepened financial inclusion while strengthening grassroots economic resilience.
Founded in 2015 by Tosin Eniolorunda and Felix Ike, Moniepoint — formerly TeamApt Inc. — has evolved from a backend technology provider into a full-scale financial ecosystem offering digital payments, SME banking, foreign exchange services, enterprise management tools, and credit facilities.
Operational statistics from the 2025 report highlight the company’s dominance in the nation’s payment infrastructure. As Nigeria’s largest merchant acquirer, Moniepoint now facilitates eight out of every ten in-person transactions across the country. Within the review period, Moniepoint Microfinance Bank processed ₦412 trillion in transaction value across more than 14 billion transactions, reinforcing its strategic importance to Nigeria’s digital economy ambitions.
Speaking on the company’s trajectory, Group CEO Tosin Eniolorunda described the journey as one driven by intentional innovation and inclusive growth. He noted that with an estimated 83 percent of employment in Africa situated within the informal sector, Moniepoint’s mission of delivering “financial happiness” remains both an operational mandate and a long-term economic commitment.
The year 2025 also marked significant corporate milestones, including the completion of a Series C funding round exceeding $200 million, backed by global institutional investors such as Development Partners International, Google’s Africa Investment Fund, Visa, the International Finance Corporation, and Verod Capital. In addition, the launch of MonieWorld in the United Kingdom expanded the company’s footprint into diaspora banking and remittance services, opening new corridors for cross-border financial transactions.
Beyond payments and credit, Moniepoint strengthened its savings ecosystem with a re-engineered savings product that revealed notable behavioural trends. Data shows a strong culture of daily savings, with top priorities focused on business operations, rent, and education. The introduction of Moniebook and the acquisition of a national Microfinance Bank licence further broadened its regulated service capabilities.
On the infrastructure front, TeamApt Ltd, Moniepoint’s switching and processing subsidiary, secured Mastercard and Visa licences to operate as both processor and acquirer, enabling direct international card processing while extending switching services to other financial institutions across Africa. Meanwhile, its web payment gateway Monnify recorded ₦25 trillion in transaction processing, cementing its relevance in the business-to-business payment segment.
Moniepoint’s impact extended into social and public sector partnerships as well. The company collaborated with the Federal Government’s Rice Intervention Programme, reaching nearly 850,000 beneficiaries, and supported targeted grants with the Kaduna State Government for vulnerable populations. These initiatives position the platform not only as a commercial fintech powerhouse but also as a strategic partner in national economic empowerment schemes.
As it enters its second decade, Moniepoint’s transformation from a technology startup into a household financial brand mirrors Nigeria’s ongoing shift toward a data-driven and inclusive financial landscape, with analysts projecting an even broader continental influence in the years ahead.
Moniepoint celebrates 10 years of impact, surpassing ₦1 trillion in SME credit disbursement in 2025 while powering Nigeria’s digital payments ecosystem and advancing financial inclusion across Africa.
