Moniepoint - Novastar

Small and medium sized businesses contribute to over 70% of GDP in Nigeria and other parts of Africa, mostly through the informal markets. However, the success of these businesses is often impacted by limited access to financial services.

Moniepoint is changing that. Founded in 2015 by a team of former Interswitch engineers and bootstrapped until 2019, Moniepoint is Nigeria’s leading business banking platform, powering over 600,000 businesses across the country.

Moniepoint offers businesses an all-in-one platform that allows access to payment solutions such as point-of-sale terminals and web payment, bank accounts, credit, and business management tools. It aims to power the dreams of entrepreneurs by providing them with the financial technology tools they need to grow, no matter their digital literacy level.

In markets where access to financial services is limited for the majority, Moniepoint empowers small and medium sized businesses by providing access to the tools that directly serve their needs.

"By enabling African businesses to grow, we power not just their dreams but that of everyone connected with them, and that’s a vision we’re committed to."

Tosin Eniolorunda CEO

At a glance

0 +

businesses served

$ 0 billion

in annualised Total Payment Volumes

0 %

of POS transactions in Nigeria

"Moniepoint has devised a model rooted in the needs of its customers. It’s a means of access that makes perfect sense in Nigeria and is transferable to many other African markets."