Moniepoint Inc. has crossed a major milestone in Nigeria’s financial services landscape, disbursing over ₦1 trillion in credit to small and medium-sized enterprises (SMEs) in 2025, as it marks a decade of supporting small businesses and deepening financial inclusion.
The disclosure forms part of the company’s 2025 Year in Review, which highlights a year of rapid growth and expanding impact across Nigeria’s informal and formal business ecosystem. Moniepoint revealed that businesses accessing its credit facilities recorded average growth of over 36 per cent, underlining the transformative effect of accessible financing on small enterprises.
With more than 6 million active businesses on its platform, Moniepoint has become a critical pillar of Nigeria’s entrepreneurial economy. Its microfinance bank has extended credit to thousands of traders and business owners, ranging from provision stores and supermarkets to building materials merchants, many of whom are traditionally underserved by conventional banks.
To achieve this scale, Moniepoint relies on alternative data, including transaction histories, payment behaviour and business patterns, enabling it to assess creditworthiness beyond traditional scoring models and expand access to finance.
Founded in 2015 by Tosin Eniolorunda and Felix Ike, Moniepoint Inc. (formerly TeamApt Inc.) has evolved into an all-in-one financial ecosystem, offering digital payments, business bank accounts, credit, foreign exchange services and management tools tailored to SMEs.
In 2025 alone, Moniepoint Microfinance Bank, now Nigeria’s largest merchant acquirer, processed ₦412 trillion in transaction value across more than 14 billion transactions, powering eight out of every ten in-person payments nationwide. The scale of operations positions the company as a key enabler of Nigeria’s ambition to build a $1 trillion economy by 2030.
Reflecting on the journey, Group CEO Tosin Eniolorunda said the company’s growth has been driven by a clear mission.
“Our journey has been one of intentional evolution. What started as a passion to solve overlooked problems has grown into a platform powering the dreams of millions,” he said, noting that with 83 per cent of employment in Africa located in the informal economy, financial inclusion remains central to Moniepoint’s strategy.
The year also marked several strategic milestones. Moniepoint completed a Series C funding round, raising over $200 million from investors including Development Partners International, Google’s Africa Investment Fund, Visa, IFC and Verod Capital. It also launched MonieWorld in the United Kingdom, targeting remittance services for the African diaspora.
Product expansion continued with the relaunch of its savings offering, the introduction of Moniebook, and the acquisition of a national microfinance bank licence, further strengthening its regulated operations. Data from the platform shows users primarily save daily, with top goals linked to business operations, rent and education.
Beyond banking, Moniepoint expanded its payments infrastructure through its subsidiary, TeamApt Ltd, securing Mastercard and Visa processing and acquiring licences, and strengthening its position in the global payments ecosystem. Its payment gateway, Monnify, processed ₦25 trillion during the year.
The company also played a role in public-sector interventions, partnering with the Federal Government on the Rice Intervention Programme, which reached nearly 850,000 beneficiaries, and supporting grant disbursement initiatives with the Kaduna State Government.
As Moniepoint enters its second decade, its transition from a backend technology provider to a household financial platform mirrors Nigeria’s push for a more inclusive, data-driven and productive economy—one SME at a time.
