Moniepoint
Moniepoint is Africa's largest business payments and banking platform, processing over $170B in annualized transactions. Starting as a POS terminal provider, Moniepoint now offers business accounts, lending, expense management, and payroll to over 3 million businesses across Nigeria. It became Africa's most recent unicorn in 2023 and was named by TIME as one of the world's best companies.
- Location
- Lagos, Nigeria
- Raised
- $120M
- Stage
- Series C
- Founded
- 2015
- Category
- Fintech
- Funding
- VC-backed
- Team
- 1000+
Funding figures as of Jul 2025 · not independently verified
Founders of Moniepoint
- Tosin Eniolorunda
- Felix Ike
Investors backing Moniepoint
- Development Partners International
- QED Investors
- Google Ventures
Frequently asked questions
What does Moniepoint do?
Moniepoint is Africa's largest business payments and banking platform, processing over $170B in annualized transactions. Starting as a POS terminal provider, Moniepoint now offers business accounts, lending, expense management, and payroll to over 3 million businesses across Nigeria. It became Africa's most recent unicorn in 2023 and was named by TIME as one of the world's best companies.
Where is Moniepoint based?
Moniepoint is based in Lagos, Nigeria.
When was Moniepoint founded?
Moniepoint was founded in 2015.
How much has Moniepoint raised?
Moniepoint has raised $120M in their Series C round as of Jul 2025.
Who founded Moniepoint?
Moniepoint was founded by Tosin Eniolorunda, Felix Ike.
Who has invested in Moniepoint?
Moniepoint is backed by Development Partners International, QED Investors, Google Ventures.
How Moniepoint would pitch themselves
○ Auto-generated01Target customer
Every African business — the core audience Moniepoint's product is built around.
02Problem they solve
Moniepoint is Africa's largest business payments and banking platform, processing over $170B in annualized transactions. Starting as a POS terminal provider, Moniepoint now offers business accounts, lending, expense man… The category has historically been served by tools that miss the modern workflow this product is built around.
03Key differentiator
Moniepoint differentiates on financial happiness for every african business. Backed by Development Partners International + QED Investors, $120M raised — the company has resources + validation to compound this thesis. Founded by Tosin Eniolorunda + team.
04Go-to-market strategy
Growth-stage GTM — multi-channel revenue motion (direct enterprise sales, channel partnerships, marketplace listings). Vertical specialisation + verticalised AE teams targeting enterprise + mid-market.