Moniepoint

Moniepoint Inc. is a leading Nigerian fintech company headquartered in Lagos, specializing in comprehensive financial solutions for businesses and individuals across Africa. Established in 2015 by founders Tosin Eniolorunda and Felix Ike, Moniepoint has evolved from providing backend services to banks into a multifaceted platform offering digital payments, banking, credit, and business management tools. (moniepoint.com)

Serving over 10 million customers, Moniepoint processes more than 800 million transactions monthly, with a total value exceeding $17 billion. The company operates the largest distribution network for financial services in Nigeria, with its services available in all 774 local governments. (moniepoint.com)

In August 2023, Moniepoint expanded its offerings by launching a personal banking product, providing individual users with reliable cards and bank accounts for transfers and bill payments. (moniepoint.com)

Moniepoint's commitment to financial inclusion and innovation has been recognized with several accolades, including being named the fastest-growing fintech in Africa for 2023 and 2024 by the Financial Times and Statista. (moniepoint.com)

In 2015, a group of visionary technologists and bankers founded TeamApt Inc. with a singular mission: to provide financial happiness by creating robust infrastructure and payment solutions for financial institutions and banks. The name 'TeamApt' was a natural choice, reflecting the team's commitment to excellence and precision in the fintech landscape.

By 2019, recognizing the need to serve businesses directly, TeamApt introduced Moniepoint, a comprehensive financial solution tailored for merchants. This strategic pivot marked the beginning of Moniepoint's evolution into an all-encompassing platform offering payments, business banking, credit, and business management tools.

The journey was not without challenges. However, Moniepoint's unwavering dedication to empowering businesses led to significant milestones. By 2022, the company processed the majority of POS transactions in Nigeria, with an annualized Total Payments Volume exceeding $170 billion. The customer base expanded to over 600,000 businesses, resulting in more than doubling annual revenues in that year.

In 2022, Moniepoint achieved a significant milestone by becoming QED's first investment in Africa. The same year, the company was recognized as LinkedIn's top company to work for and received the National Inclusive Payment Initiative Award, underscoring its commitment to financial inclusion and employee satisfaction.

In 2023, Moniepoint rebranded from TeamApt Inc. to Moniepoint Inc., reflecting its growth and the expanding scope of its services. The company also relocated its headquarters to London, aiming to become an employer of choice not only in Africa but globally. This move signified Moniepoint's ambition to broaden its impact and reach a wider audience.

By 2024, Moniepoint had processed over 1 billion transactions monthly for ten million businesses and individuals across Nigeria. The company also secured a $110 million Series C funding round, led by Development Partners International, with other investors like Google's Africa Investment Fund, Verod Capital, and Lightrock. This funding was instrumental in expanding Moniepoint's services to Africans in the diaspora, enabling them to support their families, friends, and businesses back home.

In 2025, Moniepoint launched MonieWorld, a remittance and digital financial services solution in the UK, specifically designed to meet the needs of the UK's African diaspora. This marked the first time Moniepoint offered services outside of Africa, a significant step in its journey to provide financial happiness for underserved populations globally.

At Moniepoint, our mission is to create a society where everyone experiences financial happiness, regardless of their location. We are committed to providing accessible and reliable financial solutions that empower individuals and businesses to thrive.

At Moniepoint, our vision is to create a society where every African experiences financial happiness, regardless of their location or background. We aim to empower individuals and businesses by providing seamless access to banking, payments, credit, and business management tools, fostering economic growth and financial inclusion across the continent.

At Moniepoint, our core values guide every aspect of our operations, shaping our culture and driving our mission to empower businesses and individuals across Africa. These values are: No Ego, Grit, Candour, Integrity, Empathy, and Technical Depth.

No Ego

We believe in fostering a culture where ideas and contributions are valued over titles and hierarchy. This approach encourages open collaboration and innovation, allowing us to adapt swiftly to the evolving financial landscape.

Grit

Our team embodies resilience and determination, tackling challenges head-on to deliver exceptional financial solutions. This tenacity drives us to continuously improve and overcome obstacles in our path.

Candour

We prioritize honesty and transparency in all our interactions, fostering trust and accountability within our team and with our clients. This openness ensures that we address issues promptly and effectively.

Integrity

Upholding the highest ethical standards, we ensure that our products and services are reliable and trustworthy, maintaining the confidence of our clients and partners.

Empathy

We strive to understand and address the unique needs of our diverse clientele, ensuring that our solutions are accessible and beneficial to all, regardless of their background or financial literacy.

Technical Depth

Our commitment to technical excellence drives us to develop innovative and secure financial technologies, ensuring that our platforms are robust, scalable, and capable of meeting the evolving demands of the market.