Moniepoint Expands MSME Financing as Nigeria’s Fintech Sector Drives Financial Inclusion

Moniepoint Expands MSME Financing as Nigeria’s Fintech Sector Drives Financial Inclusion

Nigeria has emerged as one of the world's most vibrant fintech markets over the past decade, fueled by rapid mobile money adoption, the expansion of agent banking networks, and a surge of venture-backed startups transforming the financial services landscape. The growing focus on leveraging payment data to unlock access to business capital aligns with the objectives of the country's Payments System Vision (PSV) 2028 roadmap, which prioritizes open banking, resilient financial infrastructure, and deeper economic integration.

As Nigeria's fintech ecosystem continues to evolve, industry players are increasingly exploring innovative ways to bridge the financing gap for small and medium-sized enterprises (SMEs). One of the key trends driving this transformation is the use of transaction and payment data to provide businesses with easier access to credit and financial services.

This development is closely aligned with the Central Bank of Nigeria's Payments System Vision (PSV) 2028, which seeks to strengthen open banking frameworks, enhance infrastructure resilience, and foster broader economic participation through digital financial services.

Among the leading players in the sector is Moniepoint, Nigeria's largest distributor of financial services. The company initially established its market leadership through its extensive payment infrastructure and agent banking network serving millions of small businesses across the country.

Building on that foundation, Moniepoint has expanded its offerings to include business banking and credit solutions tailored to the needs of micro, small, and medium-sized enterprises (MSMEs). In 2025 alone, the fintech firm disbursed more than ₦1 trillion in loans to Nigerian MSMEs, underscoring its growing role in supporting entrepreneurship, business growth, and financial inclusion across the country.

Industry analysts note that the integration of payment services with access to capital is expected to accelerate economic activity, improve business sustainability, and further deepen Nigeria's digital economy in the years ahead.