Moniepoint Marks 10 Years of Impact, Disburses ₦1trn Credit to Small Businesses in 2025

Moniepoint Marks 10 Years of Impact, Disburses ₦1trn Credit to Small Businesses in 2025

Moniepoint Inc., Nigeria’s leading platform for small businesses and Africa’s all-in-one financial ecosystem, has marked a decade of operations with the release of its 2025 Year in Review, announcing that its microfinance bank has disbursed over ₦1 trillion in credit to small and medium-scale enterprises across the country.

The company said the funding has empowered thousands of businesses—ranging from provision stores and supermarkets to building materials dealers—recording an average growth of more than 36 per cent after accessing credit. The milestone underscores Moniepoint’s growing role in expanding financial inclusion through alternative credit assessment models that rely on transaction history, business patterns and payment behaviour rather than traditional collateral-based scoring.

Founded in 2015 by Tosin Eniolorunda and Felix Ike, Moniepoint Inc., formerly TeamApt Inc., has grown into the backbone of Nigeria’s entrepreneurial economy, serving over six million active businesses with integrated services including digital payments, business accounts, credit, foreign exchange and operational tools.

In 2025 alone, Moniepoint Microfinance Bank, 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 company said the scale of operations positions it to play a significant role in Nigeria’s drive towards a $1 trillion economy by 2030.

Reflecting on the company’s journey, Group CEO and Co-founder, Tosin Eniolorunda, described Moniepoint’s evolution as deliberate and mission-driven. He noted that with 83 per cent of Africa’s employment concentrated in the informal economy, the company’s vision of “financial happiness” continues to guide its strategy, investments and product development.

Despite the achievements, Eniolorunda said the company remains focused on the road ahead, backed by stronger partnerships and institutional support. “The infrastructure we have built over the past decade provides the foundation. The journey is far from over, but our resolve has never been stronger,” he said.

The year under review also saw Moniepoint complete a landmark Series C funding round, raising over $200 million from global investors including Development Partners International, Google’s Africa Investment Fund, Visa, the International Finance Corporation and Verod Capital. In addition, the launch of MonieWorld in the United Kingdom expanded the company’s reach to the African diaspora, strengthening remittance corridors and cross-border financial services.

Moniepoint MFB also relaunched its savings product, revealing that users primarily save daily for business operations, rent and education. The introduction of Moniebook and the acquisition of a national microfinance bank licence further deepened its regulated product offerings.

Meanwhile, TeamApt Ltd, Moniepoint’s switching and processing subsidiary, secured Mastercard and Visa licences to operate as a processor and acquirer, enabling direct support for international card payments across Africa. Its payment gateway, Monnify, processed ₦25 trillion within the period, reinforcing its position in the business-to-business payments space.

Beyond financial services, Moniepoint partnered with the Federal Government on the Rice Intervention Programme, reaching nearly 850,000 beneficiaries, and collaborated with the Kaduna State Government on grants distribution to vulnerable citizens.

As it enters its second decade, Moniepoint says its transformation from a backend technology provider to a household name aligns with Nigeria’s vision for a more inclusive, data-driven and productive financial ecosystem.