# Moniepoint

> Source: https://docs.barcoder.ai/docs/wallets/moniepoint
> research date 2026-05-30 · extracted at 2026-10-03
> Publisher: Barcoder — encyclopedia of QR, barcode and payment-code standards

Specifications:
- [Moniepoint — official](https://moniepoint.com/)

## Overview

**Moniepoint** is Nigerian fintech super app + **>10M businesses and individuals customers** + **₦412T processed 2025** + **14B+ transactions 2025** + **6M+ businesses served + 16M+ individuals banked** + **~$250B annual transaction volume + ~1B monthly transactions Oct 2025** + **80% Nigeria in-person payments 2025** + **Nigeria's largest merchant acquirer** + **Oct 2025 $200M Series C unicorn valuation** + **profitable at unicorn scale** <sup>[1][1], [2][2], [Nigeria report](https://docs.barcoder.ai/docs/payments/NG)</sup>. **2025 baseline**: Moniepoint ₦412T processed 2025 + 14B+ transactions 2025 + 6M+ businesses + 16M+ individuals + ~$250B annual transaction volume + ~1B monthly transactions Oct 2025; **80% Nigeria in-person payments 2025 (8 out of 10 in-person transactions processed by Moniepoint 2025)** distinctive Nigerian in-person payments dominance; **Oct 2024 unicorn status + Oct 2025 $200M Series C unicorn valuation + profitable at unicorn scale** distinctive Nigerian fintech profitability + unicorn status.

**Distinctive Moniepoint positioning**:
- **Nigerian fintech super app** (Moniepoint Inc; privately-held; unicorn $1B+ valuation post-Oct 2025 $200M Series C)
- **>10M businesses + individuals customers** distinctive Nigerian fintech super app scale
- **₦412T processed 2025 + 14B+ transactions 2025** distinctive Nigerian fintech transaction volume scale
- **6M+ businesses served + 16M+ individuals banked** distinctive Nigerian fintech customer segmentation scale
- **~$250B annual transaction volume + ~1B monthly transactions Oct 2025** distinctive Nigerian fintech annualized transaction volume
- **80% Nigeria in-person payments 2025 (8 out of 10 in-person transactions processed by Moniepoint 2025)** distinctive Nigerian in-person payments dominance
- **Nigeria's largest merchant acquirer** distinctive Nigerian merchant acquiring leadership
- **Oct 2024 unicorn status + Oct 2025 $200M Series C unicorn valuation + profitable at unicorn scale** distinctive Nigerian fintech profitability + unicorn status
- **One of the few fintechs globally to reach profitability at unicorn scale while driving financial inclusion across Africa**

## History

**2015 — Moniepoint founded by Tosin Eniolorunda + Felix Ike (both ex-Interswitch engineers) in Nigeria** as Nigerian POS-acquiring fintech (originally called TeamApt).

**2019 — Moniepoint POS-acquiring + agent banking network launches** distinctive Nigerian agent banking + POS strategy.

**Oct 2024 — Moniepoint achieves unicorn status (>$1B valuation)** distinctive Nigerian fintech unicorn milestone.

**Oct 2025 — Moniepoint $200M Series C unicorn valuation exceeding $1 billion** distinctive Nigerian fintech Series C completion <sup>[3][3]</sup>.

**2025 — Moniepoint ₦412T processed 2025 + 14B+ transactions 2025 + 6M+ businesses + 16M+ individuals + ~$250B annual transaction volume + ~1B monthly transactions Oct 2025 + 80% Nigeria in-person payments 2025 (8 out of 10 in-person transactions processed by Moniepoint 2025) + Nigeria's largest merchant acquirer + profitable at unicorn scale** <sup>[1][1], [2][2]</sup>.

## Ownership & operator

**Operating entity**: **Moniepoint Inc** (privately-held; unicorn $1B+ valuation post-Oct 2025 $200M Series C; Nigerian fintech).

**Major shareholders**: **Tosin Eniolorunda (co-founder + CEO) + Felix Ike (co-founder + CTO) + Development Partners International + Google's Africa Investment Fund + Verod Capital + Lightrock + Endeavor Catalyst + QED Investors + Visa + others; Oct 2025 $200M Series C unicorn valuation**.

**Regulators**: **CBN (Central Bank of Nigeria) + NDIC (Nigeria Deposit Insurance Corporation) + FCA UK**.

## Technical integration

Moniepoint mobile app (iOS + Android; >10M businesses + individuals customers) + Moniepoint POS terminals + Moniepoint agent banking network + moniepoint.com online + Moniepoint Visa + Mastercard cards; Nigerian Instant Payment + NIBSS NIP + NQR; **Moniepoint Business Banking comprehensive banking solution for SMEs with digital payments + credit + cross-border payments + business management tools** distinctive Nigerian fintech super app comprehensive business banking + Moniepoint Personal Banking distinctive Nigerian fintech personal banking expansion + **80% Nigeria in-person payments 2025** distinctive Nigerian in-person payments dominance.

## Users & growth

**2025**: Moniepoint ₦412T processed 2025 + 14B+ transactions 2025 + 6M+ businesses + 16M+ individuals + ~$250B annual transaction volume + ~1B monthly transactions Oct 2025 + 80% Nigeria in-person payments 2025 (8 out of 10 in-person transactions processed by Moniepoint 2025).

## Use cases

Nigerian + UK + Kenyan retail + private + business + SME + merchant acquiring + POS terminal + agent banking + digital payments + credit + cross-border payments + business management tools via Moniepoint mobile + Moniepoint POS terminals + Moniepoint agent banking network + moniepoint.com online + Visa/Mastercard cards; Nigerian Instant Payment + NIBSS NIP + NQR; **Moniepoint Business Banking comprehensive banking solution for SMEs with digital payments + credit + cross-border payments + business management tools** distinctive Nigerian fintech super app comprehensive business banking + Moniepoint Personal Banking distinctive Nigerian fintech personal banking expansion.

## Implementations & partners

**Operator**: Moniepoint Inc (privately-held; unicorn $1B+ valuation post-Oct 2025 $200M Series C; Nigerian fintech); Tosin Eniolorunda (co-founder + CEO) + Felix Ike (co-founder + CTO) + Development Partners International + Google's Africa Investment Fund + Verod Capital + Lightrock + Endeavor Catalyst + QED Investors + Visa + others; Oct 2025 $200M Series C unicorn valuation.

**Major Nigerian banking + fintech competitors**: [GTBank (Guaranty Trust Bank; GTWorld)](https://docs.barcoder.ai/docs/wallets/gtbank) (Guaranty Trust Bank Plc; GTCO; one of Nigeria's leading commercial banks; ~20M+ customers; GTWorld app) + [Zenith Bank](https://docs.barcoder.ai/docs/wallets/zenith-bank) (Zenith Bank Plc; one of Nigeria's largest commercial banks by assets) + [Access Bank](https://docs.barcoder.ai/docs/wallets/access-bank) (Access Bank Plc; Nigeria's largest commercial bank by assets post-2019 Diamond Bank merger; ~60M+ customers) + [UBA (United Bank for Africa)](https://docs.barcoder.ai/docs/wallets/uba) (United Bank for Africa Plc; Nigerian + 20 African countries pan-African bank) + [First Bank of Nigeria (FirstMobile)](https://docs.barcoder.ai/docs/wallets/first-bank-nigeria) (First Bank of Nigeria; Nigeria's oldest commercial bank since 1894; 15M+ customers; 8M+ FirstMobile App users) + [Stanbic IBTC Nigeria / Stanbic IBTC Mobile 3.0 (APPbility)](https://docs.barcoder.ai/docs/wallets/stanbic-ibtc) (Stanbic IBTC; Standard Bank Group South African parent) + [Ecobank / Ecobank Mobile App](https://docs.barcoder.ai/docs/wallets/ecobank) (Ecobank Transnational Inc; pan-African banking 33+ countries) + [OPay](https://docs.barcoder.ai/docs/wallets/opay) (Nigerian super app + neobank; 30M+ users) + [PalmPay](https://docs.barcoder.ai/docs/wallets/palmpay) (Nigerian neobank; 35M+ users) + [Kuda Bank](https://docs.barcoder.ai/docs/wallets/kuda-bank) (Nigerian neobank; 7M+ users) + [Carbon](https://docs.barcoder.ai/docs/wallets/carbon) (Nigerian digital bank; 1M+ users) + [Paga](https://docs.barcoder.ai/docs/wallets/paga) (Nigerian mobile money + agent banking pioneer) + [Paystack](https://docs.barcoder.ai/docs/wallets/paystack) (Nigerian Stripe-acquired payments fintech; 60k+ businesses; $200M Stripe acquisition 2020).

**Regulators**: CBN + NDIC + FCA UK.

## Fun facts

- **Nigerian fintech super app** (Moniepoint Inc; privately-held; unicorn $1B+ valuation post-Oct 2025 $200M Series C).
- **>10M businesses + individuals customers** distinctive Nigerian fintech super app scale.
- **₦412T processed 2025 + 14B+ transactions 2025** distinctive Nigerian fintech transaction volume scale.
- **6M+ businesses served + 16M+ individuals banked** distinctive Nigerian fintech customer segmentation scale.
- **~$250B annual transaction volume + ~1B monthly transactions Oct 2025** distinctive Nigerian fintech annualized transaction volume.
- **80% Nigeria in-person payments 2025 (8 out of 10 in-person transactions processed by Moniepoint 2025)** distinctive Nigerian in-person payments dominance.
- **Nigeria's largest merchant acquirer** distinctive Nigerian merchant acquiring leadership.
- **Oct 2024 unicorn status + Oct 2025 $200M Series C unicorn valuation + profitable at unicorn scale** distinctive Nigerian fintech profitability + unicorn status.
- **One of the few fintechs globally to reach profitability at unicorn scale while driving financial inclusion across Africa**.

## Comparison

| Feature | Moniepoint | [OPay](https://docs.barcoder.ai/docs/wallets/opay) (Nigerian super app + neobank rival; 30M+ users) | [PalmPay](https://docs.barcoder.ai/docs/wallets/palmpay) (Nigerian neobank rival; 35M+ users) | [Paystack](https://docs.barcoder.ai/docs/wallets/paystack) (Nigerian Stripe-acquired payments fintech rival; 60k+ businesses; $200M Stripe acquisition 2020) | [Kuda Bank](https://docs.barcoder.ai/docs/wallets/kuda-bank) (Nigerian neobank rival; 7M+ users) |
|---|---|---|---|---|---|
| Operator | **Moniepoint Inc (privately-held; unicorn $1B+ valuation post-Oct 2025 $200M Series C; Nigerian fintech)** | OPay (Opera Norway-spun-off Chinese-backed Nigerian super app + neobank) | PalmPay (Africa-focused Chinese-backed Nigerian neobank; Transsion + Tecno parent) | Paystack (Stripe-acquired Nigerian payments fintech; $200M Stripe acquisition 2020) | Kuda Bank (Nigerian neobank; FCA UK + CBN Nigeria regulated) |
| Type | **Nigerian fintech super app + >10M businesses + individuals customers + ₦412T processed 2025 + 14B+ transactions 2025 + 6M+ businesses + 16M+ individuals + ~$250B annual transaction volume + ~1B monthly transactions Oct 2025 + 80% Nigeria in-person payments 2025 + Nigeria's largest merchant acquirer + Oct 2024 unicorn status + profitable at unicorn scale** | Nigerian super app + neobank + 30M+ users + Opera + Chinese Yidian Yongqian + SoftBank Vision Fund + Sequoia Capital China + Source Code Capital + Redpoint China + IDG Capital + Bertelsmann Asia investors | Africa-focused Chinese-backed Nigerian neobank + 35M+ users + Transsion + Tecno parent | Nigerian Stripe-acquired payments fintech + 60k+ businesses + $200M Stripe acquisition 2020 + Nigeria + Ghana + South Africa + Kenya | Nigerian neobank + 7M+ users + FCA UK + CBN Nigeria regulated |
| Country | NG + GB + KE | NG + EG + PK + KE + ZA + others | NG + GH + UG + TZ + KE + ZA + others | NG + GH + ZA + KE | NG + GB + PK |
| Distinctive | **2015 Moniepoint founding by Tosin Eniolorunda + Felix Ike (both ex-Interswitch engineers) in Nigeria (originally called TeamApt); 2019 Moniepoint POS-acquiring + agent banking network launches; Oct 2024 unicorn status; Oct 2025 $200M Series C unicorn valuation exceeding $1B; 2025 ₦412T processed + 14B+ transactions + 6M+ businesses + 16M+ individuals + ~$250B annual transaction volume + ~1B monthly transactions + 80% Nigeria in-person payments** | 2018 OPay founding by Opera Norway spin-off; 2020 OPay Pakistan + Egypt expansion | 2019 PalmPay founding by Transsion + Tecno; PalmPay Africa neobank focus | 2015 Paystack founding by Shola Akinlade + Ezra Olubi in Lagos; 2020 Stripe $200M Paystack acquisition (Stripe's biggest acquisition at time) | 2017 Kuda founding by Babs Ogundeyi + Musty Mustapha in London; FCA UK + CBN Nigeria regulated |

## Status

**Active, Nigerian fintech super app + >10M businesses + individuals customers + ₦412T processed 2025 + 14B+ transactions 2025 + Nigeria's largest merchant acquirer + Oct 2024 unicorn status + Oct 2025 $200M Series C unicorn valuation + profitable at unicorn scale** <sup>[1][1], [2][2], [3][3]</sup>:
- **Moniepoint Inc (privately-held; unicorn $1B+ valuation post-Oct 2025 $200M Series C; Nigerian fintech)** since 2015 Moniepoint founding by Tosin Eniolorunda + Felix Ike + 2019 Moniepoint POS-acquiring + agent banking network launches + Oct 2024 unicorn status + Oct 2025 $200M Series C unicorn valuation exceeding $1B.
- **Moniepoint ₦412T processed 2025 + 14B+ transactions 2025 + 6M+ businesses + 16M+ individuals + ~$250B annual transaction volume + ~1B monthly transactions Oct 2025 + 80% Nigeria in-person payments 2025 + Nigeria's largest merchant acquirer**.
- **Profitable at unicorn scale**.
- **CBN + NDIC + FCA UK regulated**.

## Sources

[1]: https://techpoint.africa/news/moniepoint-2025-report/ "Report: Moniepoint says it handled 80% of Nigeria's in-person payments in 2025 — Techpoint Africa"
[2]: https://moniepoint.com/blog/moniepoint-announces-successful-completion-of-usdollar200-million-series-c-round-to-power-financial-inclusion "Moniepoint Announces Successful Completion Of US$200 Million Series C Round To Power Financial Inclusion — Moniepoint Blog"
[3]: https://fintechnews.africa/45942/fintech-nigeria/moniepoint-nigeria-unicorn/ "Moniepoint Joins Nigeria's Unicorn Club Following $110M Series C — Fintech News Africa"
[ng-cro]: https://docs.barcoder.ai/docs/payments/NG

- [1] [Report: Moniepoint says it handled 80% of Nigeria's in-person payments in 2025 — Techpoint Africa][1]
- [2] [Moniepoint Announces Successful Completion Of US$200 Million Series C Round To Power Financial Inclusion — Moniepoint Blog][2]
- [3] [Moniepoint Joins Nigeria's Unicorn Club Following $110M Series C — Fintech News Africa][3]
- <sup>[Nigeria report](https://docs.barcoder.ai/docs/payments/NG)</sup> In-corpus: `reports/countries/NG-nigeria.md`

## Source

Biography extracted from [moniepoint.md](https://docs.barcoder.ai/source/wallets/moniepoint). See `matrix.md` for standards-support matrix if present.