Moniepoint UK Limited Reports $36,284 Revenue in First Month
Moniepoint UK Limited, the UK subsidiary of Nigerian fintech company Moniepoint, recorded $36,284 in revenue in its first month of operations after migrating customers from its diaspora remittance product, MonieWorld, in December 2025. This revenue figure reflects only one month of activity and does not represent the subsidiary's total revenue for 2025.
The accounts also revealed a loss after tax of $226,172, despite a gross profit of $10,220. Total assets were reported at $769,703, with customer liabilities at $112,453 at the end of the reporting period.
Moniepoint has decided to discontinue its diaspora-focused remittance service to focus on core financial services for African enterprises. MonieWorld, launched in April 2025, allowed Nigerians in the UK to transfer money to Nigeria but faced a competitive market.
The subsidiary's largest administrative expense was technology and communication, totaling $125,838 in 2025. The reported revenue does not confirm the commercial viability of the operation or the sustainability of MonieWorld.
Plus234Feed summary based on reporting from Leadership Newspaper. Read the original report below.
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