Wallets/moniepoint
Moniepoint
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Overview
Moniepoint is Nigerian fintech super app + >10M businesses and individuals customers + ₦412T processed 2025 + 14B+ transactions 2025 + 6M+ businesses served + 16M+ individuals banked + ~$250B annual transaction volume + ~1B monthly transactions Oct 2025 + 80% Nigeria in-person payments 2025 + Nigeria's largest merchant acquirer + Oct 2025 $200M Series C unicorn valuation + profitable at unicorn scale [1, 2, ng-cro]. 2025 baseline: Moniepoint ₦412T processed 2025 + 14B+ transactions 2025 + 6M+ businesses + 16M+ individuals + ~$250B annual transaction volume + ~1B monthly transactions Oct 2025; 80% Nigeria in-person payments 2025 (8 out of 10 in-person transactions processed by Moniepoint 2025) distinctive Nigerian in-person payments dominance; Oct 2024 unicorn status + Oct 2025 $200M Series C unicorn valuation + profitable at unicorn scale distinctive Nigerian fintech profitability + unicorn status.
Distinctive Moniepoint positioning:
- Nigerian fintech super app (Moniepoint Inc; privately-held; unicorn $1B+ valuation post-Oct 2025 $200M Series C)
- >10M businesses + individuals customers distinctive Nigerian fintech super app scale
- ₦412T processed 2025 + 14B+ transactions 2025 distinctive Nigerian fintech transaction volume scale
- 6M+ businesses served + 16M+ individuals banked distinctive Nigerian fintech customer segmentation scale
- ~$250B annual transaction volume + ~1B monthly transactions Oct 2025 distinctive Nigerian fintech annualized transaction volume
- 80% Nigeria in-person payments 2025 (8 out of 10 in-person transactions processed by Moniepoint 2025) distinctive Nigerian in-person payments dominance
- Nigeria's largest merchant acquirer distinctive Nigerian merchant acquiring leadership
- Oct 2024 unicorn status + Oct 2025 $200M Series C unicorn valuation + profitable at unicorn scale distinctive Nigerian fintech profitability + unicorn status
- One of the few fintechs globally to reach profitability at unicorn scale while driving financial inclusion across Africa
History
2015 — Moniepoint founded by Tosin Eniolorunda + Felix Ike (both ex-Interswitch engineers) in Nigeria as Nigerian POS-acquiring fintech (originally called TeamApt).
2019 — Moniepoint POS-acquiring + agent banking network launches distinctive Nigerian agent banking + POS strategy.
Oct 2024 — Moniepoint achieves unicorn status (>$1B valuation) distinctive Nigerian fintech unicorn milestone.
Oct 2025 — Moniepoint $200M Series C unicorn valuation exceeding $1 billion distinctive Nigerian fintech Series C completion [3].
2025 — Moniepoint ₦412T processed 2025 + 14B+ transactions 2025 + 6M+ businesses + 16M+ individuals + ~$250B annual transaction volume + ~1B monthly transactions Oct 2025 + 80% Nigeria in-person payments 2025 (8 out of 10 in-person transactions processed by Moniepoint 2025) + Nigeria's largest merchant acquirer + profitable at unicorn scale [1, 2].
Ownership & operator
Operating entity: Moniepoint Inc (privately-held; unicorn $1B+ valuation post-Oct 2025 $200M Series C; Nigerian fintech).
Major shareholders: Tosin Eniolorunda (co-founder + CEO) + Felix Ike (co-founder + CTO) + Development Partners International + Google's Africa Investment Fund + Verod Capital + Lightrock + Endeavor Catalyst + QED Investors + Visa + others; Oct 2025 $200M Series C unicorn valuation.
Regulators: CBN (Central Bank of Nigeria) + NDIC (Nigeria Deposit Insurance Corporation) + FCA UK.
Technical integration
Moniepoint mobile app (iOS + Android; >10M businesses + individuals customers) + Moniepoint POS terminals + Moniepoint agent banking network + moniepoint.com online + Moniepoint Visa + Mastercard cards; Nigerian Instant Payment + NIBSS NIP + NQR; Moniepoint Business Banking comprehensive banking solution for SMEs with digital payments + credit + cross-border payments + business management tools distinctive Nigerian fintech super app comprehensive business banking + Moniepoint Personal Banking distinctive Nigerian fintech personal banking expansion + 80% Nigeria in-person payments 2025 distinctive Nigerian in-person payments dominance.
Users & growth
2025: Moniepoint ₦412T processed 2025 + 14B+ transactions 2025 + 6M+ businesses + 16M+ individuals + ~$250B annual transaction volume + ~1B monthly transactions Oct 2025 + 80% Nigeria in-person payments 2025 (8 out of 10 in-person transactions processed by Moniepoint 2025).
Use cases
Nigerian + UK + Kenyan retail + private + business + SME + merchant acquiring + POS terminal + agent banking + digital payments + credit + cross-border payments + business management tools via Moniepoint mobile + Moniepoint POS terminals + Moniepoint agent banking network + moniepoint.com online + Visa/Mastercard cards; Nigerian Instant Payment + NIBSS NIP + NQR; Moniepoint Business Banking comprehensive banking solution for SMEs with digital payments + credit + cross-border payments + business management tools distinctive Nigerian fintech super app comprehensive business banking + Moniepoint Personal Banking distinctive Nigerian fintech personal banking expansion.
Implementations & partners
Operator: Moniepoint Inc (privately-held; unicorn $1B+ valuation post-Oct 2025 $200M Series C; Nigerian fintech); Tosin Eniolorunda (co-founder + CEO) + Felix Ike (co-founder + CTO) + Development Partners International + Google's Africa Investment Fund + Verod Capital + Lightrock + Endeavor Catalyst + QED Investors + Visa + others; Oct 2025 $200M Series C unicorn valuation.
Major Nigerian banking + fintech competitors: [[gtbank]] (Guaranty Trust Bank Plc; GTCO; one of Nigeria's leading commercial banks; ~20M+ customers; GTWorld app) + [[zenith-bank]] (Zenith Bank Plc; one of Nigeria's largest commercial banks by assets) + [[access-bank]] (Access Bank Plc; Nigeria's largest commercial bank by assets post-2019 Diamond Bank merger; ~60M+ customers) + [[uba]] (United Bank for Africa Plc; Nigerian + 20 African countries pan-African bank) + [[first-bank-nigeria]] (First Bank of Nigeria; Nigeria's oldest commercial bank since 1894; 15M+ customers; 8M+ FirstMobile App users) + [[stanbic-ibtc]] (Stanbic IBTC; Standard Bank Group South African parent) + [[ecobank]] (Ecobank Transnational Inc; pan-African banking 33+ countries) + [[opay]] (Nigerian super app + neobank; 30M+ users) + [[palmpay]] (Nigerian neobank; 35M+ users) + [[kuda-bank]] (Nigerian neobank; 7M+ users) + [[carbon]] (Nigerian digital bank; 1M+ users) + [[paga]] (Nigerian mobile money + agent banking pioneer) + [[paystack]] (Nigerian Stripe-acquired payments fintech; 60k+ businesses; $200M Stripe acquisition 2020).
Regulators: CBN + NDIC + FCA UK.
Fun facts
- Nigerian fintech super app (Moniepoint Inc; privately-held; unicorn $1B+ valuation post-Oct 2025 $200M Series C).
- >10M businesses + individuals customers distinctive Nigerian fintech super app scale.
- ₦412T processed 2025 + 14B+ transactions 2025 distinctive Nigerian fintech transaction volume scale.
- 6M+ businesses served + 16M+ individuals banked distinctive Nigerian fintech customer segmentation scale.
- ~$250B annual transaction volume + ~1B monthly transactions Oct 2025 distinctive Nigerian fintech annualized transaction volume.
- 80% Nigeria in-person payments 2025 (8 out of 10 in-person transactions processed by Moniepoint 2025) distinctive Nigerian in-person payments dominance.
- Nigeria's largest merchant acquirer distinctive Nigerian merchant acquiring leadership.
- Oct 2024 unicorn status + Oct 2025 $200M Series C unicorn valuation + profitable at unicorn scale distinctive Nigerian fintech profitability + unicorn status.
- One of the few fintechs globally to reach profitability at unicorn scale while driving financial inclusion across Africa.
Comparison
| Feature | Moniepoint | [[opay]] (Nigerian super app + neobank rival; 30M+ users) | [[palmpay]] (Nigerian neobank rival; 35M+ users) | [[paystack]] (Nigerian Stripe-acquired payments fintech rival; 60k+ businesses; $200M Stripe acquisition 2020) | [[kuda-bank]] (Nigerian neobank rival; 7M+ users) |
|---|---|---|---|---|---|
| Operator | Moniepoint Inc (privately-held; unicorn $1B+ valuation post-Oct 2025 $200M Series C; Nigerian fintech) | OPay (Opera Norway-spun-off Chinese-backed Nigerian super app + neobank) | PalmPay (Africa-focused Chinese-backed Nigerian neobank; Transsion + Tecno parent) | Paystack (Stripe-acquired Nigerian payments fintech; $200M Stripe acquisition 2020) | Kuda Bank (Nigerian neobank; FCA UK + CBN Nigeria regulated) |
| Type | Nigerian fintech super app + >10M businesses + individuals customers + ₦412T processed 2025 + 14B+ transactions 2025 + 6M+ businesses + 16M+ individuals + ~$250B annual transaction volume + ~1B monthly transactions Oct 2025 + 80% Nigeria in-person payments 2025 + Nigeria's largest merchant acquirer + Oct 2024 unicorn status + profitable at unicorn scale | Nigerian super app + neobank + 30M+ users + Opera + Chinese Yidian Yongqian + SoftBank Vision Fund + Sequoia Capital China + Source Code Capital + Redpoint China + IDG Capital + Bertelsmann Asia investors | Africa-focused Chinese-backed Nigerian neobank + 35M+ users + Transsion + Tecno parent | Nigerian Stripe-acquired payments fintech + 60k+ businesses + $200M Stripe acquisition 2020 + Nigeria + Ghana + South Africa + Kenya | Nigerian neobank + 7M+ users + FCA UK + CBN Nigeria regulated |
| Country | NG + GB + KE | NG + EG + PK + KE + ZA + others | NG + GH + UG + TZ + KE + ZA + others | NG + GH + ZA + KE | NG + GB + PK |
| Distinctive | 2015 Moniepoint founding by Tosin Eniolorunda + Felix Ike (both ex-Interswitch engineers) in Nigeria (originally called TeamApt); 2019 Moniepoint POS-acquiring + agent banking network launches; Oct 2024 unicorn status; Oct 2025 $200M Series C unicorn valuation exceeding $1B; 2025 ₦412T processed + 14B+ transactions + 6M+ businesses + 16M+ individuals + ~$250B annual transaction volume + ~1B monthly transactions + 80% Nigeria in-person payments | 2018 OPay founding by Opera Norway spin-off; 2020 OPay Pakistan + Egypt expansion | 2019 PalmPay founding by Transsion + Tecno; PalmPay Africa neobank focus | 2015 Paystack founding by Shola Akinlade + Ezra Olubi in Lagos; 2020 Stripe $200M Paystack acquisition (Stripe's biggest acquisition at time) | 2017 Kuda founding by Babs Ogundeyi + Musty Mustapha in London; FCA UK + CBN Nigeria regulated |
Status
Active, Nigerian fintech super app + >10M businesses + individuals customers + ₦412T processed 2025 + 14B+ transactions 2025 + Nigeria's largest merchant acquirer + Oct 2024 unicorn status + Oct 2025 $200M Series C unicorn valuation + profitable at unicorn scale [1, 2, 3]:
- Moniepoint Inc (privately-held; unicorn $1B+ valuation post-Oct 2025 $200M Series C; Nigerian fintech) since 2015 Moniepoint founding by Tosin Eniolorunda + Felix Ike + 2019 Moniepoint POS-acquiring + agent banking network launches + Oct 2024 unicorn status + Oct 2025 $200M Series C unicorn valuation exceeding $1B.
- Moniepoint ₦412T processed 2025 + 14B+ transactions 2025 + 6M+ businesses + 16M+ individuals + ~$250B annual transaction volume + ~1B monthly transactions Oct 2025 + 80% Nigeria in-person payments 2025 + Nigeria's largest merchant acquirer.
- Profitable at unicorn scale.
- CBN + NDIC + FCA UK regulated.
Sources
- 1 Report: Moniepoint says it handled 80% of Nigeria's in-person payments in 2025 — Techpoint Africa
- 2 Moniepoint Announces Successful Completion Of US$200 Million Series C Round To Power Financial Inclusion — Moniepoint Blog
- 3 Moniepoint Joins Nigeria's Unicorn Club Following $110M Series C — Fintech News Africa
- ng-cro In-corpus:
reports/countries/NG-nigeria.md
Source
Biography extracted from moniepoint.md. See matrix.md for standards-support matrix if present.