Moniepoint, a leading Nigerian business and personal banking platform, has achieved a significant milestone by reaching a valuation of over US$1 billion. This valuation follows the successful completion of a US$110 million Series C funding round, highlighting the company's rapid growth and market impact.

The strategic vision behind Moniepoint's impressive trajectory was articulated by its CEO, Tosin Eniolorunda, in a 2022 interview with Afridigest. Eniolorunda emphasized a core philosophy of “customer obsession,” stating, “the boss of all of us, the chairman of all of us are the customers.” This customer-centric approach is evident in the company's innovative system for refunding failed transactions within a rapid 24–48 hours, a stark improvement over the industry standard of 5–10 working days.

Just two years after that interview, Moniepoint's operational scale is immense. The platform now processes more than 1 billion transactions monthly, totaling an impressive US$22 billion in value, serving ten million businesses and individuals across Nigeria. A testament to its robust infrastructure and reliability, Moniepoint's systems remained fully operational during Nigeria’s challenging 2023 cash crisis, a period when many traditional banks experienced widespread system failures.

Moniepoint is also strategically expanding its reach beyond Nigeria. Eniolorunda had previously indicated plans for international expansion, which are now materializing. In April 2025, the company launched MonieWorld, a dedicated remittance product designed to serve Nigerians residing in the UK. Further solidifying its global footprint, Moniepoint received approval in June 2025 to acquire a 78% stake in Sumac, a Nairobi-based deposit-taking microfinance bank, marking a significant entry into the East African market.

The company's growth extends across various financial service lines, including credit offerings, and it has reported an exceptional revenue growth of over 150% Compound Annual Growth Rate (CAGR) in recent years. Moniepoint attributes this sustained success to a combination of its reliable infrastructure, a commitment to customer-driven product development, and the efficiency of its globally distributed management team.

Reflecting on personal motivation, Eniolorunda shared a profound insight with Afridigest: “You must first of all be sure that this is what you want to do and you actually enjoy it, it’s not because you want it for the fame or necessarily for the money.” Moniepoint’s remarkable progress serves as a compelling demonstration of the successful application of a long-term strategic vision within a complex market, simultaneously underscoring the immense potential for African fintech companies to achieve international expansion and significant global impact.