A Fintech Giant in the Making
Moniepoint, formerly TeamApt, is one of Nigeria’s most remarkable fintech success stories. Founded by Tonsin Eniolorunda, The company has built a vast agent banking network that now processes over $17 billion in monthly transactions, serving millions of underserved Nigerians across rural and urban areas.
From Infrastructure to Financial Services
Originally providing back-end infrastructure to banks, Moniepoint pivoted to customer-facing solutions in 2019. It now operated a network of over 600,000 POS agents and is known for its robust and reliable transaction processing, even in areas with limited connectivity
Supporting MSMEs Across Nigeria
In 2023, Moniepoint launched a full suite of services for micro, small, and medium-sized enterprises (MSMEs), including business accounts, payroll, loans, and analytics. The company’s digital banking arm now services over 1.6 million businesses, making it one of Africa’s largest SME banks.
Backed by Global Investors
Moniepoints’s growth has attracted global attention. In 2024, it raised $110 million in funding from prominent VCs like QED Investors, with a focus on regional expansion across West and Central Africa.
Fintech for the Underserved
With a focus on financial inclusion, Moniepoint is helping bridge Nigeria’s digital divide bringing banking to millions and proving that scalable impact and profitability can go hand in hand.
