Moniepoint Microfinance Bank has shared new performance figures for 2025, and the scale of its growth has triggered fresh conversations across Nigeria’s financial sector. The company confirmed that it handled more than N412 trillion in transactions while also issuing over N1 trillion in loans to small businesses.
These numbers were published in Moniepoint Inc.’s Year in Review report, which highlighted how the fintech’s credit system has become a lifeline for millions of SMEs. The loans went mostly to supermarkets, provision stores, and traders who often struggle to access traditional banking services.
The firm noted that businesses recorded an average growth rate of 36% after receiving credit.
A Look Inside Moniepoint’s Expanding Influence
Moniepoint said its banking arm now powers most in-person payments across Nigeria.
The company explained that its agents and business users carried out more than 14 billion transactions valued at N412 trillion. It also revealed that Monnify, its payment gateway, processed an additional N25 trillion as online activity increased among small and mid-sized firms.
These figures deepen the conversation about how Nigerian fintechs are shaping the informal economy. FairMoney MFB recently disclosed more than N150 billion in SME loans, confirming that digital lenders now compete strongly with traditional banks. Yet Moniepoint appears determined to widen its lead by relying heavily on alternative data like transaction trends and repayment behaviour to assess borrowers.
A Broader Financial Ecosystem takes Shape
The fintech did not limit itself to payments and lending. It relaunched its savings product, noting that daily deposits were the most common user habit. Many customers saved for rent, business costs, and education, showing a shift toward structured financial planning among small business owners.
Moniepoint also unveiled Moniebook during the year. It secured a national microfinance bank licence, a move that expands its regulatory reach and gives it room to introduce more formal financial services. Its processing subsidiary, TeamApt Ltd, received Mastercard and Visa licences, allowing it to support international card payments and wider switching services.
Group CEO Tosin Eniolorunda said the company is focused on long-term infrastructure. “Our focus remains on building financial infrastructure to support Africa’s largely informal economy, which accounts for about 83% of employment across the continent,” he said.
I am passionate about crafting stories, vibing to good music (and making some too), debating Nigeria’s political future like it’s the World Cup, and finding the perfect quiet spot to work and unwind.
No Comments