Moniepoint almost triples transactions to 14 billion

Within the two years since Moniepoint final publicly shared its transaction figures, the Nigerian fintech unicorn has almost tripled transaction quantity throughout its subsidiaries, rising from 5.2 billion to over 14 billion, in response to an inside firm presentation seen by TechCabal. 

Moniepoint averaged 1.67 billion month-to-month transactions in 2025, a 169.44% bounce from the 433 million recorded in 2023, highlighting the fast progress of Nigeria’s digital fee ecosystem. These transactions have been price over ₦412 trillion ($294.03 billion), virtually double the $150 billion it processed two years in the past.

“Right this moment, eight out of 10 in-person funds in Nigeria are made with Moniepoint,” the doc learn partially. 

Moniepoint’s transaction volumes are a marker of simply how rapidly digital funds have scaled in Nigeria, particularly over the past two years. The fintech unicorn has not been the one beneficiary of this progress. 

In accordance with knowledge seen by TechCabal, the Nigeria Inter-Financial institution Settlement System (NIBSS), the nation’s central fee gateway, processed 9.6 billion transactions, which have been price ₦600 trillion ($428.16 billion) in 2023. 

One yr later, it processed ₦1.07 quadrillion ($763.62 billion) in transaction worth. Based mostly on Moniepoint’s 2025 figures, the fintech’s complete transaction worth quantities to 38.51% of NIBSS’s full-year 2024 complete.  

Banking outages at business banks throughout core banking migrations in 2024, the 2023 money shortage, and several other anti-cash insurance policies from the Central Financial institution of Nigeria (CBN) pushed Nigerians in the direction of fintechs, which have been perceived as extra dependable for on a regular basis funds. 

Moniepoint, OPay, PalmPay, and different fintechs then bolstered that momentum by investing aggressively within the bodily distribution of point-of-sale (POS) units, serving to to drive adoption nationwide. 

“As Nigeria’s largest service provider acquirer, Moniepoint powers a lot of the nation’s POS transactions. By its subsidiaries, Moniepoint Inc. processes over $250 billion yearly,” the presentation learn. 

Whereas NIBSS has but to publish its full-year 2025 figures, transaction worth for the primary quarter of 2025 alone reached ₦284.99 trillion ($203.49 billion), suggesting that digital fee volumes continued to climb throughout the system.

Excessive transaction volumes aren’t new in Nigerian fintech. What’s totally different with Moniepoint is the place they’re coming from. Like OPay and PalmPay, its progress is powered by the casual economic system, provision shops, meals sellers, transport operators, petrol stations, and market merchants, segments that conventional banks have lengthy struggled to serve.

Moniepoint’s scale has come from making itself indispensable to each day commerce, with its point-of-sale (POS) terminals, on the spot settlements, and company banking providers woven into how these companies function. It has grow to be one of many largest fee suppliers for thousands and thousands of Nigeria’s micro, small, and medium-sized enterprises (MSMEs), which contribute round 45% of the nation’s Gross Home Product (GDP) and supply greater than 80% of jobs. 

Moniepoint’s banking merchandise

Moniepoint first acquired a microfinance banking licence in February 2022, and within the 4 years since, the corporate now claims to serve over six million lively companies and 16 million banked prospects. 

In 2025, Moniepoint mentioned it grew its card consumer base by 200%, with its playing cards getting used 1.7 million instances each day. 

Like most banks, Moniepoint has used the depth and breadth of its transaction knowledge to increase into credit score. The fintech says it disbursed over ₦1 trillion ($713.66 million) in loans to small companies in 2025, reporting a 36% improve in transaction worth after the loans have been issued.

The biggest recipients have been provision shops, supermarkets, meals sellers, constructing supplies retailers, and drink wholesalers, companies with each day money turnover however restricted entry to formal credit score. About 30% of those loans are recurring, which means they take out new loans over time after repaying the primary one.

Moniepoint says its non-performing loans stay low, largely as a result of fee knowledge from its platform permits it to underwrite credit score for companies with seen cash-flow patterns, decreasing default danger.

To help its lending operations and construct deposits, Moniepoint relaunched its financial savings product in 2025. Adoption, nonetheless, has been slower than the corporate had hoped.

Most customers (60%) save each day, reflecting the quick money cycles of casual companies, with the commonest financial savings targets ranging between ₦200,000 ($143) and ₦500,000 ($357). 

In April 2025, Moniepoint launched Monieworld, a remittance product that permits United Kingdom residents to ship cash on to any Nigerian checking account. Whereas Moniepoint didn’t embrace Monieworld’s transaction numbers in its presentation, it mentioned that the product’s largest acquisition car has been phrase of mouth. 

The corporate additionally launched Moniebook, its enterprise administration platform, in August 2025, and has since acquired prospects akin to  Shafa Power, an power firm, and Fruitylife, a beverage firm. 

Moniepoint’s microfinance financial institution additionally received its licence upgraded to a nationwide microfinance financial institution licence in 2025, permitting it to increase its footprint throughout the nation and broaden the vary of merchandise that it may possibly supply. 

TeamApt, the corporate’s switching subsidiary, secured certifications from Visa and Mastercard, permitting it to help worldwide card funds and supply these providers to different companies. 

Moniepoint’s fowl’s-eye view 

Given what number of transactions it processes for its prospects, the startup has gained a real-time, fowl’s-eye view of how Nigerians spend cash each day. Whereas this view may also help form new merchandise, it additionally offers the fintech a glance into a few of Nigerians’ favorite bills. 

Moniepoint prospects spent about ₦2 billion ($1.43 million) a day on meals in 2025, totalling greater than ₦730 billion ($542.39 million) over the yr.

The corporate additionally processed over 500,000 knowledge renewals each day, whereas prospects spent ₦90 million ($64,264) each day at gyms.

At bakeries, Nigerians spent over ₦1.7 trillion ($1.21 billion). At bars, golf equipment, and lounges, transactions occurred at a price of three per second, totalling greater than 90 million transactions each day on Moniepoint’s platforms.