Moniepoint Inc. has capped its tenth year of operations with the release of its 2025 Year in Review, outlining a period of accelerated growth, expanding financial infrastructure, and deeper engagement with Nigeria’s small business economy. The review positions the company as a critical enabler of entrepreneurship, with its platforms now supporting more than six million active businesses nationwide.
Over the past decade, Moniepoint’s microfinance bank has disbursed more than ₦1 trillion in credit to thousands of merchants, ranging from neighbourhood provision stores to large building materials traders. According to the company, businesses that accessed credit recorded average growth of over 36%, reinforcing the role of tailored financing as a catalyst for productivity and shared prosperity. By relying on alternative data—such as transaction histories, payment behaviour, and business patterns—Moniepoint has helped bridge longstanding gaps left by conventional credit scoring models, widening access to finance for informal and underserved enterprises.
Founded in 2015 by Tosin Eniolorunda and Felix Ike, Moniepoint Inc., formerly TeamApt Inc., has evolved into a full-service financial ecosystem for small and medium-sized businesses. Its offerings span digital payments, business banking, credit, foreign exchange, and operational management tools, reflecting a shift from backend technology services to a more consumer-facing financial platform.
In 2025 alone, Moniepoint Microfinance Bank reinforced its dominance in Nigeria’s payments landscape. As the country’s largest merchant acquirer—handling eight out of every ten in-person payments—it processed ₦412 trillion in transaction value across more than 14 billion transactions. The scale of activity highlights the company’s growing influence within Nigeria’s push toward a trillion-dollar economy by 2030.
Commenting on the milestone year, Group CEO and co-founder Tosin Eniolorunda said the company’s evolution has been driven by a deliberate focus on solving overlooked problems in the informal economy, which accounts for an estimated 83% of employment across Africa. He noted that Moniepoint’s mission of delivering “financial happiness” continues to guide its product strategy, market expansion, and capital deployment as it enters its second decade.
The year also marked a major funding milestone, with Moniepoint closing a Series C round that raised over $200 million from a consortium of global and regional investors, including Development Partners International, Google’s Africa Investment Fund, Visa, the International Finance Corporation, and Verod Capital. This capital injection is expected to support further product innovation and geographic expansion.
Internationally, Moniepoint launched MonieWorld in the United Kingdom, extending its services to the African diaspora while strengthening remittance corridors and laying the groundwork for broader cross-border financial services. Domestically, the company relaunched its savings product, with usage data showing a strong focus on business needs, rent, and education. New product introductions such as Moniebook, alongside the acquisition of a national microfinance bank licence, expanded the scope of its regulated offerings.
Within the group, TeamApt Ltd achieved key regulatory breakthroughs, securing Mastercard and Visa licences to operate as a processor and acquirer. This development enables direct support for international card payments and positions the subsidiary as a switching partner for other African businesses. Monnify, the group’s web payment gateway, processed ₦25 trillion during the year, underscoring sustained confidence in its B2B payment infrastructure.
Beyond commercial activity, Moniepoint continued to play a role in public-sector and social initiatives. Partnerships with the Federal Government’s Rice Intervention Programme reached nearly 850,000 beneficiaries, while collaboration with the Kaduna State Government supported grant disbursements to vulnerable citizens, reinforcing the company’s positioning as an infrastructure partner for large-scale economic empowerment.
As Moniepoint enters its second decade, its transition from a behind-the-scenes technology provider to a household financial brand mirrors Nigeria’s broader ambition for a more inclusive, data-driven financial system. The company says the foundations laid over the past ten years will underpin its next phase of growth, with a continued focus on unlocking Africa’s entrepreneurial potential.