Moniepoint Microfinance Bank processed transactions worth N412 trillion and disbursed more than N1 trillion in loans in 2025, underscoring the growing role of Nigerian fintechs in financing the informal economy.
The figures were disclosed by Moniepoint Inc., the bank’s parent company, in its 2025 Year in Review report released on Thursday. The company said the bulk of its loan disbursements were targeted at small and medium-sized enterprises (SMEs), including provision stores, supermarkets, and building materials traders.
According to the report, Moniepoint MFB processed over 14 billion transactions valued at N412 trillion during the year, accounting for about 80 per cent of in-person payment transactions nationwide. The sustained growth reflected increased adoption of both physical and digital payment channels across the country.
Monnify, the company’s web payment gateway, also recorded significant activity, processing transactions worth N25 trillion in 2025, driven largely by rising business-to-business and online payment usage.
Moniepoint said businesses that accessed credit through its platform recorded an average growth of more than 36 per cent after receiving loans. The company added that it now serves over six million active businesses nationwide, using alternative data such as transaction histories and payment behaviour to assess creditworthiness and extend loans to enterprises often excluded from traditional banking systems.
The data mirrors a broader trend among Nigerian fintechs supporting small businesses with credit. Earlier in the year, FairMoney Microfinance Bank disclosed that it disbursed over N150 billion in loans to small businesses in 2025.
Beyond payments and lending, Moniepoint expanded its product offerings and regulatory footprint during the year. The microfinance bank re-launched its savings product, with user data showing daily savings as the most common habit, while business operations, rent, and education topped savings categories.
The company also launched Moniebook and secured a national microfinance bank licence, widening its range of regulated financial services. Its switching and processing subsidiary, TeamApt Ltd, obtained Mastercard and Visa licences to operate as a processor and acquirer, enabling international card payments and switching services across Africa.
“Our focus remains on building financial infrastructure to support Africa’s largely informal economy, which accounts for about 83 per cent of employment across the continent,” said Moniepoint Group Chief Executive Officer, Tosin Eniolorunda.
Moniepoint Inc., formerly known as TeamApt Inc., was founded in 2015 by Tosin Eniolorunda and Felix Ike. The company provides digital payments, business accounts, credit, foreign exchange, and operational tools for SMEs.
In 2025, Moniepoint completed a Series C funding round, raising over $200 million in equity from investors including Development Partners International, Google’s Africa Investment Fund, Visa, the International Finance Corporation, and Verod Capital. The company also launched MonieWorld in the United Kingdom to serve the African diaspora and strengthen remittance and cross-border payment corridors.
