Moniepoint, founded by Nigerian entrepreneur Tosin Eniolorunda, has achieved remarkable growth, processing transactions worth ₦412 trillion ($297 billion) in 2025.
This fintech company has evolved from a quiet backend provider to a mainstream player, offering a full-stack platform for payments, transfers, agency banking, credit, cards, web payments, and business management tools.
Moniepoint’s expansion into credit has been strategic, leveraging data insights from years of building systems for banks.
The company disbursed over ₦1 trillion in loans to small businesses in 2025, with a conservative non-performing loan ratio of 10%.
Its web payments unit, Monnify, processed ₦25 trillion, and Moniebook expanded its role in managing business operations.
With over 13 trillion transactions annually and 1 billion monthly, Moniepoint handles eight out of ten in-person payments in Nigeria.
The company’s growth has attracted international attention, with regulatory filings showing millions of dollars committed to its UK expansion.
