Moniepoint has revealed that it disbursed more than ₦1 trillion in credit to Nigerian small businesses and processed ₦412 trillion in transaction value in 2025, underscoring its scale as Nigeria’s leading merchant payments provider.
The disclosure was made in the company’s 2025 Year in Review report, released to commemorate a decade of operations.
Moniepoint also stated that it currently supports 8 out of every 10 in-person POS transactions conducted across the country.
Access to Credit Fuels SME Expansion
According to the report, the ₦1 trillion in financing was distributed through Moniepoint’s microfinance banking arm, reaching merchants across sectors such as:
- Neighborhood provision stores
- Supermarkets
- Building materials traders
Moniepoint said beneficiary businesses recorded average growth of more than 36% after accessing credit, highlighting the role of data-driven lending in unlocking SME productivity.
Rather than relying on collateral, the company evaluates borrowers using alternative data, including transaction volumes, payment patterns, and business behaviour. Access to Credit Fuels SME Expansion
According to the report, the ₦1 trillion in financing was distributed through Moniepoint’s microfinance banking arm, reaching merchants across sectors such as:
- Neighborhood provision stores
- Supermarkets
- Building materials traders
Moniepoint said beneficiary businesses recorded average growth of more than 36% after accessing credit, highlighting the role of data-driven lending in unlocking SME productivity.
Rather than relying on collateral, the company evaluates borrowers using alternative data, including transaction volumes, payment patterns, and business behaviour.
Over 14 Billion Transactions Processed in One Year
Moniepoint disclosed that it processed more than 14 billion individual transactions in 2025, generating a cumulative transaction value of ₦412 trillion across its banking and payment platforms.
The company noted that its scale positions it as a critical player in Nigeria’s long-term economic growth.
“The numbers indicate that Moniepoint is strategically placed to contribute meaningfully to Nigeria’s ambition of becoming a trillion-dollar economy by 2030,” the report said.
Ten Years Building SME Financial Infrastructure
Established in 2015 by Tosin Eniolorunda and Felix Ike, Moniepoint Inc., formerly TeamApt Inc., operates a unified financial ecosystem offering:
- Digital and in-person payments
- Business and merchant accounts
- Credit and savings products
- Foreign exchange services
- Business operations tools
The platform is primarily designed to serve small and medium-sized enterprises, many of which operate within Nigeria’s informal economy.
Founder Emphasises Purpose-Led Growth
Reflecting on the milestone, Tosin Eniolorunda, Group CEO and Co-founder, said Moniepoint’s evolution has been guided by intentional problem-solving.
“What began as an effort to address overlooked challenges has grown into a platform enabling millions of businesses to thrive,” he said.
He added that with 83% of Africa’s workforce engaged in the informal sector, financial inclusion remains central to Moniepoint’s mission.
“Our goal of creating financial happiness shapes how we build products, expand markets, and allocate capital,” Eniolorunda said.
$200 Million Series C and International Expansion
In 2025, Moniepoint closed a Series C investment round, raising over $200 million from a group of global and regional investors, including:
- Development Partners International
- Google’s Africa Investment Fund
- Visa
- International Finance Corporation (IFC)
- Verod Capital
The company also launched MonieWorld in the UK, targeting the African diaspora by improving remittance flows and laying the groundwork for broader cross-border financial services.
Product Expansion and Regulatory Milestones
During the year, Moniepoint expanded its regulated offerings through:
- The relaunch of its savings product, with daily savings behaviour dominating usage
- The introduction of Moniebook, a business management and record-keeping tool
- The acquisition of a national microfinance bank licence
The company reported that users primarily save toward:
- Business operations (24%)
- Rent payments (16.5%)
- Education expenses (10%)
Separately, TeamApt Ltd, Moniepoint’s switching and processing subsidiary, secured Visa and Mastercard processing licences, enabling it to handle international card transactions and provide switching services to businesses across Africa.
Monnify Growth and Government Partnerships
Moniepoint’s online payment gateway, Monnify, processed ₦25 trillion in transaction value in 2025, according to the report.
Beyond private-sector services, Moniepoint partnered with the Federal Government’s Rice Intervention Programme, reaching nearly 850,000 beneficiaries, and collaborated with the Kaduna State Government to distribute grants to vulnerable populations.
Entering the Next Decade
Despite its scale and milestones, Moniepoint says its mission is far from complete. “As we step into our second decade, we do so with the understanding that much work remains,” Eniolorunda said. “The journey continues, and our commitment is stronger than ever.”
