Moniepoint
Founded Year
2015Stage
Series C - II | AliveTotal Raised
$167.5MLast Raised
$10M | 2 mos agoRevenue
$0000About Moniepoint
Moniepoint is a financial technology company that provides digital financial services for businesses. The company's services include payment solutions, banking services, credit provision, and business management tools that assist in financial transactions and operations. Moniepoint was formerly known as TeamApt. It was founded in 2015 and is based in Lagos, Nigeria.
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Moniepoint's Products & Differentiators
Monnify
sent Today at 9:27 AM Monnify is a payment gateway for businesses to accept payments from customers, either on a recurring or one-time basis. Monnify offers an easier, faster and cheaper way for businesses to get paid on their web and mobile applications using convenient payment methods for customers with the highest success rates obtainable in Nigeria.
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Research containing Moniepoint
Get data-driven expert analysis from the CB Insights Intelligence Unit.
CB Insights Intelligence Analysts have mentioned Moniepoint in 1 CB Insights research brief, most recently on Oct 4, 2022.
Oct 4, 2022 report
The Fintech 250: The most promising fintech companies of 2022Expert Collections containing Moniepoint
Expert Collections are analyst-curated lists that highlight the companies you need to know in the most important technology spaces.
Moniepoint is included in 5 Expert Collections, including Unicorns- Billion Dollar Startups.
Unicorns- Billion Dollar Startups
1,270 items
Fintech
13,661 items
Excludes US-based companies
Fintech 100
449 items
250 of the most promising private companies applying a mix of software and technology to transform the financial services industry.
Digital Banking
860 items
Fintech 100 (2024)
100 items
Latest Moniepoint News
Mar 27, 2025
Moniepoint to launch “MonieWorld” remittance service for UK to Nigeria transfers Moniepoint , a prominent Nigerian fintech unicorn, is poised to introduce a new remittance product called “MonieWorld,” designed to facilitate money transfers from the United Kingdom to Nigeria. Currently in its beta testing phase, MonieWorld is expected to launch publicly soon, as confirmed by sources familiar with the development. This initiative aims to capitalize on the significant remittance flows from the UK to Nigeria, which the World Bank estimates reached an impressive £9.3 billion in 2023, making Nigeria one of the primary beneficiaries of these funds. To create a MonieWorld UK account, users must meet specific criteria: they need to be residents of the UK, at least 18 years old, and possess a valid mobile number. The introduction of this remittance service aligns strategically with Moniepoint’s ongoing efforts to secure a commercial banking license from the Central Bank of Nigeria (CBN). This license, which could take up to a year to obtain, would enable Moniepoint to broaden its product offerings significantly, including international transactions and treasury operations—both of which are vital revenue streams for traditional banks. Securing the commercial banking license is anticipated to provide Moniepoint with a competitive advantage over rivals such as Opay. However, the fintech will enter a crowded remittance market, facing tough competition from established players like Lemfi, Africhange, Kuda, and Afriex. In an environment where consumers have numerous options and may seek more affordable alternatives, Moniepoint will need to find ways to differentiate itself effectively. As part of its growth strategy following its unicorn status, Moniepoint is aggressively expanding its workforce, particularly in areas such as compliance, risk management, sales, and product management. Additionally, a strategic investment from Visa underscores Moniepoint’s ambition to delve into more complex financial services, which will necessitate robust regulatory expertise, especially for initiatives like contactless payments. This multifaceted approach positions Moniepoint to not only enhance its remittance offerings but also to evolve into a comprehensive financial services provider in the competitive fintech landscape.
Moniepoint Frequently Asked Questions (FAQ)
When was Moniepoint founded?
Moniepoint was founded in 2015.
Where is Moniepoint's headquarters?
Moniepoint's headquarters is located at Off Adeola Odeku, Victoria Island, Lagos.
What is Moniepoint's latest funding round?
Moniepoint's latest funding round is Series C - II.
How much did Moniepoint raise?
Moniepoint raised a total of $167.5M.
Who are the investors of Moniepoint?
Investors of Moniepoint include Visa, Lightrock, Development Partners International, Verod Capital Management, Google for Startups Accelerator and 13 more.
Who are Moniepoint's competitors?
Competitors of Moniepoint include FairMoney, PalmPay, OurPass, TechFusion, Rex Africa and 7 more.
What products does Moniepoint offer?
Moniepoint's products include Monnify.
Who are Moniepoint's customers?
Customers of Moniepoint include Fair Money and Konga.
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Compare Moniepoint to Competitors
Kuda operates in the financial services sector. The company offers a range of services, including money transfers, savings and investment options, and credit facilities such as overdrafts and term loans. Kuda primarily serves individuals and businesses, providing solutions for personal finance management and business operations. Kuda was formerly known as Kudimoney Bank. It was founded in 2018 and is based in Lagos, Nigeria.
Opay is a digital payment platform that provides financial services. The company allows fund transfers, cashback on airtime and data top-ups, and has a savings account with daily interest. Opay provides a debit card that can be used for online transactions and offers customer service support. It was founded in 2018 and is based in Lagos, Nigeria.
Rex Africa operates as a neobank with a focus on providing digital financial services in the financial sector. The company offers a secure platform for individual financial management and banking solutions tailored to small businesses. The services cater to the needs of the digital economy, facilitating financial transactions and management for users and enterprises. It was formerly known as Savyt. It was founded in 2021 and is based in Lagos, Nigeria.
Interswitch is a company that operates in the electronic payment and digital commerce solutions sector. The company provides services including payment processing and transaction switching, as well as digital payment products for individuals, SMEs, and large corporations. Interswitch's solutions are used across different industries to facilitate transactions and business operations. It was founded in 2002 and is based in Lagos, Nigeria.
Tanadi Digital Cooperative (Tanadi) is a Nigerian fintech company focused on providing non-interest financial services. The company offers zero-interest loans for personal and SME use, ethical investment opportunities, and secure money transfer services. Tanadi primarily serves individuals and small to medium-sized enterprises seeking ethical financial solutions. It was founded in 2019 and is based in Abuja, Nigeria.
FSDH Merchant Bank is a financial institution with a focus on wealth creation and financial services. The company offers a range of services including corporate and business banking, prestige banking, treasury and international trade solutions. It caters to individuals, institutions, and large corporations with premium investment solutions, risk and liquidity management, and digital banking products. It was founded in 1993 and is based in Lagos, Nigeria.
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