Moniepoint has cemented its status as one of Nigeria’s most influential financial technology companies, processing nearly 80 percent of all in-person card transactions nationwide in 2025. According to the company’s latest Year in Review report, the fintech firm has evolved from a behind-the-scenes banking infrastructure provider into a full-scale financial services platform powering everyday commerce for millions of Nigerians.

Now operating as the country’s largest merchant acquirer, Moniepoint sits at the heart of Nigeria’s physical payments economy. Across its subsidiaries, the company processed more than $250 billion in digital transactions over the past year. In naira terms, this translated to ₦412 trillion processed through over 14 billion individual transactions in 2025 alone. Its network currently supports more than six million businesses and delivers banking services to over 16 million individuals, placing it among the most deeply embedded financial platforms in the country.

This scale has made Moniepoint’s payments infrastructure more than just transactional plumbing. For small and medium-sized enterprises, it has become a vital channel for liquidity, stability, and growth. Many merchants now rely on Moniepoint not only to accept payments but to sustain daily operations in an economy where cash flow remains unpredictable.

Credit has emerged as a second pillar of the company’s growth. In 2025, Moniepoint disbursed over ₦1 trillion in loans to approximately 70,000 businesses, a landmark achievement that underscores its expanding role in business financing. Merchants that accessed this funding recorded an average 36 percent increase in transaction value, suggesting a strong link between access to capital and operational expansion. The bulk of these loans went to everyday enterprises such as provision stores, supermarkets, building materials dealers, foodstuff traders, and beverage wholesalers. With an average loan size of about ₦14.3 million, Moniepoint’s lending activity has moved well beyond micro-credit into meaningful growth capital.

For decades, limited access to financing has constrained Nigeria’s SME sector. Traditional banks often require collateral, extensive documentation, and formal records that many informal businesses lack. A survey by the Small and Medium Enterprises Development Agency of Nigeria found that fewer than six percent of MSMEs had access to formal financing. Fintech platforms like Moniepoint have stepped into this gap, using transaction data, PoS activity, and alternative risk signals to assess creditworthiness, opening funding channels for businesses long excluded from the banking system.

Beyond lending and payments, Moniepoint is pushing to deepen its relationship with merchants. In 2025, it introduced Moniebook, a tool that combines payment processing with bookkeeping features, allowing businesses to track income and manage records more efficiently. This move positions the company as a broader business operations partner rather than just a payments provider.

The company is also extending its reach beyond Nigeria. Its UK-based remittance product, MonieWorld, targets Nigerians in the diaspora, enabling cross-border transfers that flow directly into the domestic merchant ecosystem. The service has gained traction largely through community referrals, particularly within Nigerian communities in the United Kingdom.

Investor confidence has followed Moniepoint’s rapid expansion. In 2025, the company raised more than $200 million in Series C funding from global investors including Google’s Africa Investment Fund, Visa, the International Finance Corporation, and other institutional backers. While the funding is expected to support expansion across Africa and diaspora markets, Moniepoint’s dominance remains most evident in Nigeria’s day-to-day commercial life, where its platforms quietly power payments, credit, and financial access at an unprecedented scale.