Moniepoint crosses N1trn lending to SMEs in 2025
By Maureen Aguta
One of Nigeria’s leading financial platform for small businesses, Moniepoint Inc., disbursed over ₦1 trillion in credit to small and medium-sized enterprises (SMEs) by the end of 2025, reinforcing its position as one of the most influential drivers of grassroots enterprise growth in the country.
The milestone was announced in the company’s 2025 Year in Review, which also marked its 10th anniversary and capped a year of record expansion, capital inflow and infrastructural relevance. With more than six million active businesses on its platform, Moniepoint has become a central pillar of Nigeria’s entrepreneurial economy, serving enterprises ranging from corner shops and supermarkets to building materials dealers.
According to the report, businesses that accessed Moniepoint’s credit facilities recorded average growth exceeding 36 per cent, highlighting the impact of timely and accessible financing in an economy where traditional bank credit remains limited. The company attributes this outcome to its use of alternative data—such as transaction histories, payment behaviour and business patterns—to assess creditworthiness, enabling it to lend to enterprises typically excluded from conventional financial systems.
Founded in 2015 by Tosin Eniolorunda and Felix Ike, Moniepoint (formerly TeamApt Inc.) has evolved from a backend technology provider into Nigeria’s most comprehensive SME-focused financial ecosystem. Its offerings now span digital payments, business bank accounts, credit, foreign exchange, savings and enterprise management tools.
In 2025, the company’s scale reached new heights. As Nigeria’s largest merchant acquirer, Moniepoint now powers eight out of every ten in-person payments nationwide. Its banking subsidiary, Moniepoint Microfinance Bank (MFB), processed ₦412 trillion in transaction value, handling more than 14 billion transactions during the year—figures that underscore its growing importance to the national payments infrastructure and its potential role in Nigeria’s push toward a $1 trillion economy by 2030.
“Our journey has been one of intentional evolution,” said Eniolorunda, Group CEO and Founder of Moniepoint Inc. “What began as a desire to solve overlooked problems has grown into a platform powering the dreams of millions. With 83 per cent of employment in Africa in the informal economy, creating financial happiness is not a slogan but an operational mandate.”
The year also proved pivotal on the capital front. Moniepoint closed a Series C funding round of over $200 million, attracting global institutional investors including Development Partners International, Google’s Africa Investment Fund, Visa, the International Finance Corporation (IFC) and Verod Capital. The funding strengthened the company’s balance sheet and supported its next phase of growth.
International expansion featured prominently with the launch of MonieWorld in the United Kingdom, extending Moniepoint’s services to the African diaspora and strengthening remittance corridors while laying the foundation for broader cross-border offerings.
On the product side, Moniepoint MFB re-launched its savings product, with data showing that most users save daily, primarily for business operations (24%), rent (16.5%) and education (10%). The launch of Moniebook and the acquisition of a national microfinance bank licence further expanded its regulated capabilities.
Beyond commerce, 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 for vulnerable citizens—signalling its growing role as a trusted platform for large-scale economic empowerment.
As Moniepoint enters its second decade, its rise from a behind-the-scenes technology firm to a household financial brand aligns closely with Nigeria’s ambition for a more inclusive, data-driven financial system.