# Moniepoint Group

> Moniepoint Group is a financial technology group founded as TeamApt in 2015. Its businesses combine merchant payments, Nigerian business and personal banking, working-capital credit, the Monnify payment gateway, Moniebook business software and MonieWorld cross-border payments, with expansion into Kenya through Sumac Microfinance Bank.

- **Founded:** 2015
- **Headquarters:** London, United Kingdom
- **Founders:** Tosin Eniolorunda (Co-founder and Group CEO), Felix Ike (Co-founder and CTO)
- **Products:** Moniepoint merchant payments, Monnify, Moniepoint business banking, Working-capital loans, Moniepoint personal banking
- **Notable:** Moniepoint MFB reports ₦412 trillion processed across more than 14 billion transactions in 2025., The group announced a Series C final close exceeding US$200 million in October 2025., Included in TIME100 Most Influential Companies 2025.

## Products & services

- **Moniepoint merchant payments** — POS card and transfer acceptance, settlement and transaction reporting; developed in 2018 and scaled in 2019.
- **Monnify** — Payment gateway and virtual accounts that automate payment confirmation for businesses.
- **Moniepoint business banking** — Business accounts, payment tools and expense cards through the CBN-regulated Moniepoint Microfinance Bank.
- **Working-capital loans** — Business financing; the broader working-capital product went live in May 2023 after an earlier agent-focused credit product.
- **Moniepoint personal banking** — Individual accounts, debit cards, transfers and bill payments, launched in August 2023.
- **MonieWorld** — UK-to-Nigeria remittances and diaspora financial services.
- **Moniebook** — Integrated payments, inventory, sales, staff permissions and bookkeeping; formal launch announcement December 2025.

## Achievements

- Moniepoint MFB reports ₦412 trillion processed across more than 14 billion transactions in 2025.
- The group announced a Series C final close exceeding US$200 million in October 2025.
- Included in TIME100 Most Influential Companies 2025.
- Featured in the Financial Times Africa’s fastest-growing companies rankings for three consecutive years by 2025.
- Moniepoint MFB obtained a national microfinance bank licence in 2025.
- Acquired a 78% stake in Kenya’s Sumac Microfinance Bank, announced completed in April 2026.

## Latest updates

- **2026-09** — Company describes its POS network as extending across all 774 Nigerian local government areas in a September 7 article.
- **2026-07** — Published its 2025 Impact Report; reports more than 3,300 employees across 10 countries.
- **2026-04** — Announced completion of acquisition of Kenya’s Sumac Microfinance Bank; reporting identifies a 78% stake.
- **2026-03** — Acquired Orda Africa to expand food-service business management tools; plans integration as Moniebook for restaurants.
- **2026-01** — Published 2025 performance: ₦412 trillion transaction value, more than 14 billion transactions and over ₦1 trillion in credit.
- **2025-12** — Formal Moniebook launch announcement with Core and Pro subscriptions.
- **2025-10** — Closed Series C at more than US$200 million cumulative equity financing.

## Links

- Website: https://moniepoint.com
- LinkedIn: https://www.linkedin.com/company/moniepoint-inc/
- Twitter/X: https://twitter.com/moniepoint
- GitHub: https://github.com/Moniepoint
- YouTube: https://www.youtube.com/@moniepointinc
- Instagram: https://www.instagram.com/moniepointng/
- Facebook: https://facebook.com/Moniepointng/

---

Profile page: https://yespress.io/moniepoint-group
Published by YesPress — https://yespress.io
Last updated: 2026-10-11