Nigerian fintech company Moniepoint processed 80% of the country's in-person payments in 2025, handling ₦412 trillion ($250 billion) across 14 billion transactions, according to its annual review.

The company, which began as a back-end technology provider for banks a decade ago, now serves over 6 million businesses and 16 million individual customers, cementing its position as Nigeria's largest merchant acquirer.

Beyond payments infrastructure, Moniepoint has expanded into small business lending, disbursing over ₦1 trillion to merchants. The company reports that borrowers saw a 36% increase in transaction value after receiving loans, indicating the platform's broader impact on business growth.

Digital transformation

In 2025, Moniepoint launched Moniebook, a combined payments and bookkeeping platform, as it positions itself as a comprehensive business management partner. The company has also established MonieWorld, a UK-based remittance service targeting Nigerian diaspora, connecting cross-border flows to its domestic merchant network.

The expansion has attracted significant investor interest, with Moniepoint securing over $200 million in Series C funding from prominent backers including Development Partners International, Google's Africa Investment Fund, Visa, the International Finance Corporation, and Verod Capital.

The investment round is earmarked for expansion across Africa and diaspora markets, although the company's core business remains focused on facilitating daily payments for Nigerian businesses and consumers.