With consistent investment over a period of 10 years, Nigeria’s foremost digital service financial institution, Moniepoint Inc has processed an average of $250 billion annually through its subsidiaries, giving access to 20 million businesses and individuals to seamless banking and payments.
Contained in a recently released Impact Report, which chronicled a decade of building digital financial infrastructure aimed at creating “financial happiness” for Africans by turning access into stability, growth and expanded opportunity, Moniepoint spoke of equipping businesses and individuals with financial tools to transact, save and access credit down to the grassroots.
Moniepoint also disclosed that it disbursed more than $700 million in loans to Micro, Small and Medium-sized Enterprises (MSMEs) in 2025, with three out of every four merchants on its platform accessing formal business credit for the first time, underscoring the fintech company’s growing role in driving financial inclusion and economic growth in Nigeria.
The report, noting that MSMEs power Nigeria’s economy, accounting for 86% of employment and about half of the country’s nominal GDP, create jobs, solve everyday problems, and keep communities moving.
“But too many still face barriers to growth, such as limited access to capital and credit, and the daily realities of managing cash in non-digital markets.
At the same time, millions of Nigerians remain excluded from the formal financial system, without the financial tools that can help them save, transact, and build lasting security. Creating financial happiness begins with changing that,” the report read.
Explaining financial happiness as the feeling of confidence and ease that comes with financial freedom and well-being, the company explained: “It is a condition that develops over time and requires a specific set of enablers to take hold. For millions of people and businesses across Nigeria, those enablers, like tools and solutions to manage their finances, have historically been out of reach.” A gap, which Moniepoint set out to fill even as TeamApt.
“Moniepoint was built to change that, and this change, for us, begins with inclusion. When people and businesses gain genuine access to financial services, they gain the ability to transact securely, build savings, and access credit. That access creates the conditions for progress: more stable revenues, better business decisions, and the capacity to grow. Progress, sustained over time, is what produces financial happiness.”
According to Co-founder and Group Chief Executive Officer, Tosin Eniolorunda, Moniepoint had evolved beyond being a technology provider to becoming “a direct catalyst for economic transformation,” noting that businesses receiving Moniepoint credit recorded a 36% increase in average transaction value, while lending to women-owned businesses grew by over 300% during the year.
The report reveals that Moniepoint’s lending model addresses one of Nigeria’s biggest barriers to MSME growth by using transaction data rather than collateral to determine creditworthiness.
It further told of Moniepoint’s support in the Nigeria’s informal economy, and its collaborative efforts.
“The informal sector is a key driver of Nigeria’s economy, contributing over 60% of GDP and 90% of employment across the nation. Yet it has historically remained out of sight to governments, regulators, policymakers, and other decision-makers who could implement policies to support its growth.
Moniepoint has collaborated with the Federal Ministry of Trade and the Corporate Affairs Commission (CAC) to make it easier for informal businesses to become formalised.
We’ve helped four times more businesses become formalised, giving them access to a broader range of tools and services to help them grow,” the report stated.
The report further highlighted the successful efforts achieved through collaborations: “In 2025, we released the second version of the Informal Economy Report with support from the International Finance Corporation (IFC) and in partnership with the Federal Ministry of Industry, Trade and Investment and the Small and Medium Enterprise Development Agency of Nigeria (SMEDAN). We surveyed thousands of informal businesses across Nigeria and combined insights with internal data from over 5 million informal business owners.
Notably, our findings showed that 79% of informal business owners have seen their operational costs rise in the past year, and 42% only have enough savings to last them a month. Yet, in an incredible show of resilience, these businesses are now lasting longer and retaining their role as a key driver of employment, with 40% of them being employers of labour.”
Through the development of “M”, a conversational AI guide designed to make data and insights about Nigeria’s informal economy accessible to all, Moniepoint has been able to breaks complex information into clear, actionable answers, helping entrepreneurs, policymakers, and investors understand the realities, challenges, and opportunities shaping Nigeria’s informal economy. By providing reliable, easy-to-understand insights, “M” supports smarter decision-making and fosters greater inclusion across the economy.
