Moniepoint stood at the centre of millions of daily transactions as Nigerian businesses moved money in 2025.
During the year, Moniepoint Microfinance Bank processed ₦412 trillion in transactions and disbursed over ₦1 trillion in loans.
Meanwhile, parent company Moniepoint Inc. disclosed the figures in its 2025 Year in Review report.
SME Lending At Scale
Notably, the bank directed most loans to small and medium-sized enterprises in the informal economy.
In particular, provision stores, supermarkets and building materials traders received a large share of funding.
More broadly, the data signals a shift as fintechs increasingly fund businesses overlooked by traditional banks.
Earlier, FairMoney MFB reported disbursing over ₦150 billion in loans to small businesses in 2025.
Payments Powering Growth
At the core of its operations, payments drive Moniepoint’s scale across the economy.
Specifically, the microfinance bank processed over 14 billion transactions, covering about 80% of in-person payments nationwide.
At the same time, transaction volumes and values grew steadily across physical and online payment channels.
Alongside this growth, Monnify, Moniepoint’s web payment gateway, processed ₦25 trillion in transactions.
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In turn, businesses increased adoption of business-to-business and online payment solutions.
As a result, businesses that received loans recorded average growth exceeding 36%, according to Moniepoint.
Today, the platform serves over six million active businesses across Nigeria.
To achieve this, it uses transaction history and payment behaviour to assess creditworthiness.
Through this approach, the model reaches businesses excluded from conventional banking systems.
Expanding Financial Infrastructure
Beyond payments and lending, Moniepoint expanded its products and regulatory coverage.
During the year, the bank re-launched its savings product, with users favouring daily savings.
Meanwhile, businesses saved mainly for operations, rent and education.
Additionally, Moniepoint launched Moniebook and secured a national microfinance bank licence.
At the subsidiary level, TeamApt Ltd obtained Mastercard and Visa processing licences.
Consequently, the company now enables international card payments and switching services across Africa.
Reflecting this strategy, CEO Tosin Eniolorunda said the company focuses on supporting Africa’s informal economy.
According to the company, the informal economy employs about 83% of the continent’s workforce.
Founded in 2015, Moniepoint began operations under Tosin Eniolorunda and Felix Ike.
Since then, the company has built payments, business accounts, credit, foreign exchange and operational tools for SMEs.
In 2025, Moniepoint raised over $200 million in a Series C funding round.
Backers included DPI, Google’s Africa Investment Fund, Visa, IFC and Verod Capital.
Finally, the company launched MonieWorld in the UK to strengthen diaspora payments and remittances.
