Nigerian Fintech Moniepoint Disburses Over N1 Trillion to SMEs in 2025, Achieves Unicorn Status
Moniepoint Inc, a Nigerian fintech company founded in 2015 by Tosin Eniolorunda and Felix Ik, revealed that it disbursed over N1 trillion in credit to thousands of businesses including provision stores, supermarkets, and building material sellers in 2025. The company achieved unicorn status by successfully completing a Series C fund round, raising $200 million in equity financing.
Major investors included Google, Visa International, and Verod Capital Fund. Moniepoint Inc claimed that on average, small businesses experienced a 36% growth after accessing credit facilities.
The company also expanded its services by launching Monieworld in the United Kingdom to serve the African diaspora. Additionally, Moniepoint Microfinance Bank relaunched its savings products and acquired a national microfinance bank license to enhance its regulatory capabilities.
The company also secured licenses from Mastercard and Visa as part of its global payment landscape strategy.
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