In 2025, Nigerian fintech firm Moniepoint Inc. strengthened its role in the country’s financial ecosystem by disbursing more than ₦1 trillion in credit to thousands of small and medium-scale enterprises (SMEs), according to the company’s latest 2025 Year-in-Review report.
The bulk of this lending was extended through Moniepoint’s microfinance banking unit, which uses a data-driven credit model that evaluates transaction histories and payment behaviours an alternative to the traditional collateral-based systems that have long shut many informal businesses out of formal bank loans.
Moniepoint’s lending efforts appear to be yielding results for its customers. On average, businesses that accessed these credit facilities recorded growth of around 36 per cent after receiving funding, a performance indicator that underscores the positive impact of improved access to working capital on micro, small and medium enterprises.
Beyond credit, Moniepoint also posted impressive operational scale in its core payments business. In 2025, the fintech processed approximately ₦412 trillion in total transaction value and handled more than 14 billion individual transactions. These volumes have cemented its position as Nigeria’s largest merchant acquirer, powering roughly 80 per cent of all in-person point-of-sale payments across the country.
The platform now serves over six million active businesses, many of which are provision shops, supermarkets and building materials retailers the very segments that make up the backbone of domestic trade but traditionally have limited access to formal banking services.
Industry analysts say this combination of payments infrastructure and credit provision is helping to fill a long-standing financing gap in Nigeria’s informal economy, where commercial banks tend to focus on larger corporate lending and often overlook smaller enterprises.
Moniepoint’s growth has been supported by substantial investor backing. In 2025 the company raised over $200 million in a Series C funding round led by Development Partners International with participation from Google’s Africa Investment Fund, Visa and the International Finance Corporation. These funds are intended to expand the company’s lending capacity and enhance its payments and financial services infrastructure.
As Nigeria’s fintech landscape evolves, Moniepoint’s mix of technology-enabled lending and broad transaction processing underscores how digital finance platforms are reshaping access to capital and payments for the country’s vast population of small businesses.
