Moniepoint MFB Named SME Microfinance Bank of the Year

Moniepoint Microfinance Bank (MFB) has been recognized as SME Microfinance Bank of the Year for the third consecutive year at the 14th BusinessDay Banks and Other Financial Institutions (BAFI) Awards. The co-founder and Group CEO of Moniepoint, Tosin Eniolorunda, was also honored as SME Finance Transformation Leader of the Year during the ceremony.

This recognition follows a significant year for the bank, as detailed in Moniepoint’s 2025 Year in Review, which reported over N1 trillion in credit disbursed to thousands of small businesses. These businesses experienced an average transaction value growth of more than 36 percent after receiving credit.

Moniepoint employs alternative data, including transaction histories and payment behavior, to evaluate creditworthiness. Ezekiel Sanni, Senior Vice President of Distribution Network Sales at Moniepoint, represented Eniolorunda at the event and stated that the award reinforces the bank's commitment to supporting small businesses, which are vital to the Nigerian economy.