Moniepoint Inc
Moniepoint Inc. is one of Africa’s most influential fintech companies, recognized for transforming how individuals and small businesses access financial services. Founded in 2015 in Nigeria, the company began by building backend infrastructure for traditional banks but quickly evolved into a full financial ecosystem serving millions of people. Today, Moniepoint is widely known for its reliable payment systems, especially its POS terminals, which have become a lifeline for merchants across markets, shops, and informal trade sectors. These terminals allow businesses to accept digital payments easily, reducing the heavy reliance on cash that once dominated the Nigerian economy.
Beyond payments, Moniepoint has expanded into comprehensive business banking. It offers business accounts, tools for managing day-to-day finances, expense cards, bookkeeping features, and automated transaction records. This makes it possible for small businesses — many of which were previously excluded from formal financial services — to run their operations with greater efficiency and transparency. The company also provides working capital loans, giving merchants access to credit they wouldn’t typically receive from traditional banks. These loans help business owners replenish inventory, stabilize their cash flow, and grow sustainably.
In recent years, Moniepoint has also entered personal banking through Moniepoint Microfinance Bank. Individuals can now open accounts, receive debit cards, pay bills, make transfers, and manage savings. This expansion reflects the company’s mission to make financial access universal and convenient.
Moniepoint’s rise has been rapid and significant. It has been recognized as one of Africa’s fastest-growing fintech companies, processing hundreds of millions of transactions monthly. Its success comes from solving real problems — unreliable payment infrastructure, lack of credit, and limited access to digital banking tools. By focusing on everyday merchants and individuals, Moniepoint has positioned itself as a core part of Africa’s financial backbone, driving inclusion and enabling people to participate more fully in the digital economy.