Moniepoint Inc., formerly operating as TeamApt, is a trailblazing financial technology company committed to expanding financial access and inclusion across Africa.
Established in 2015 by Tosin Eniolorunda and Felix Ike, the company initially provided banking software solutions that streamlined operations for Nigerian financial institutions.
In 2019, Moniepoint secured a Central Bank of Nigeria switching license, a milestone that enabled its rebrand and transition into a digital banking powerhouse. This pivotal move allowed it to focus on empowering individuals and small-to-medium businesses with innovative, affordable, and accessible financial services.
Moniepoint provides an end-to-end ecosystem including payments, business banking, credit facilities, and financial management tools tailored for entrepreneurs and merchants. Its reliable infrastructure has positioned it as a trusted partner for millions of businesses seeking growth and sustainability.
The company has experienced exponential growth, processing over 5.2 billion transactions annually, with values exceeding $150 billion, while serving more than 10 million customers across Nigeria and other African markets.
By 2023, Moniepoint was handling over $22 billion in monthly transaction volumes, a clear indication of its scale and operational efficiency. This phenomenal performance has earned it recognition as one of the fastest-growing fintechs on the continent.
Its innovation and impact have attracted global investor confidence, raising over $110 million in Series C funding led by Google and other international firms, ensuring the resources to deepen financial inclusion across underserved communities.
Moniepoint’s mission is anchored in breaking barriers to financial access, ensuring that every entrepreneur, regardless of size or location, has the tools to thrive in.
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