Moniepoint is a Nigerian fintech company founded in 2015 (formerly known as TeamApt) that operates an integrated financial platform covering payments, banking, credit, and business management tools. It serves over 10 million business and individual accounts across Africa. The company operates through a subsidiaries model, including Moniepoint MFB, a microfinance bank regulated by the Central Bank of Nigeria.
By scale, Moniepoint is Nigeria's largest merchant acquirer and processes between $17 billion and $22 billion monthly through its subsidiaries. Its point-of-sale infrastructure powers the majority of Nigeria's POS transactions. The company raised a $110 million Series C round led by Google's Africa Investment Fund and Development Partners International, and has achieved unicorn status. It was recognised as Africa's fastest-growing fintech in both 2023 and 2024 by the Financial Times and Statista.
Moniepoint's product suite spans payment processing, digital banking, lending, merchant acquiring, and business management software - designed for both individual users and businesses operating in emerging markets. The company states it is operating profitably.