Moniepoint has quietly become one of the central pipes through which Nigeria’s everyday commerce now flows. Internal company data shows the fintech processed more than 14 billion transactions in 2025, nearly triple the 5.2 billion recorded two years earlier, underscoring how fast digital payments are scaling across the country.
Those transactions were valued at about ₦412 trillion ($294 billion), almost double the $150 billion processed in 2023. On a monthly basis, Moniepoint averaged roughly 1.67 billion transactions in 2025, up from 433 million previously.
The growth reflects broader shifts in Nigeria’s payments landscape. Cash shortages in 2023, banking outages linked to core system migrations, and tighter cash policies from the central bank pushed consumers and merchants toward fintech platforms. In response, Moniepoint and peers expanded aggressively, rolling out point of sale terminals and agency banking services nationwide.
Founded by Tosin Eniolorunda, Moniepoint has built its scale by serving small businesses that traditional banks have struggled to reach. Provision stores, transport operators, fuel stations, and market traders now account for a large share of its volumes, making the informal economy a key driver of growth.
The transaction depth has also shaped the company’s next phase. In 2025, Moniepoint disbursed more than ₦1 trillion in loans to small businesses, using payment data to manage risk and keep defaults low. It also expanded cards, savings, and remittances as it moved closer to full service banking. This scale places it among influential financial platforms in Nigeria currently.