Moniepoint Microfinance Bank has unveiled a new all-in-one Point-of-Sale (POS) solution designed to help Micro, Small and Medium Enterprises (MSMEs) streamline their operations and grow their businesses. The fintech company said the new platform, called Moniebook, is the first solution in Nigeria to integrate payments and bookkeeping into a single tool.
According to a statement from Moniepoint MFB, Moniebook gives business owners a comprehensive suite of tools to manage inventory, track sales, process payments, engage with customers, and generate detailed reports — all from one platform. The solution is aimed at simplifying complex business processes, reducing operational inefficiencies, and increasing profitability for businesses across sectors, including supermarkets, restaurants, pharmacies, and boutiques.
Speaking on the launch, Managing Director of Moniepoint MFB, Babatunde Olofin, said, “Our mission has always been to help businesses grow by giving them the tools they need to succeed. Moniebook is aligned with our mantra of creating financial happiness and consistently supporting the dreams of millions of Nigerians who trust our brand as an enabler of progress, both for businesses and individuals.
“Moniebook is built to be a growth partner for businesses, providing full visibility over sales, staff, customers, and inventory in real-time. Business owners now have the control they need to scale efficiently and securely.”
Moniepoint said the platform has already seen significant uptake during its beta phase, with over 4,000 businesses onboarded and N19 billion processed in transaction value. The fintech highlighted that Moniebook is designed to address the everyday realities of Nigerian business owners, who often rely on multiple, disconnected tools to manage operations, which can limit growth.
One of the early adopters, BBQ Chef, a retail entrepreneur, shared their experience, saying, “I discovered through Moniebook that I had made over N2 million in my first month! It tracks my sales, manages inventory, and is very easy for my team to use. Honestly, any business not using Moniebook is missing out.”
Oluwole Adebiyi, Head of Product for Moniebook, added that the platform was developed to reduce complexity for small and medium-sized businesses. “For too long, business owners have had to juggle multiple tools to track inventory, manage staff, and process payments. Moniebook brings all these critical functions together in one fast, secure, and scalable platform. By simplifying operations, entrepreneurs can focus on serving customers and growing their businesses,” he said.
Key features of Moniebook include:
- Inventory Management: Helps businesses prevent stockouts, track product expiry, and manage multi-location stock.
- Sales Tracking and Reporting: Offers real-time visibility into sales performance and trends.
- Integrated Payment Processing: Enables businesses to accept payments and reconcile accounts seamlessly.
- Multi-Location Management: Provides oversight for businesses operating across different locations.
- Staff and Role Management: Allows business owners to assign roles, monitor employee performance, and manage access.
Moniepoint emphasized that Moniebook is designed to foster a thriving business ecosystem in Nigeria, enabling entrepreneurs to run their operations efficiently while improving revenue and profitability. The platform also promises secure and scalable solutions, helping SMEs prepare for expansion and long-term growth.
With the launch of Moniebook, Moniepoint MFB continues its commitment to providing innovative financial solutions that empower Nigerian businesses to thrive in an increasingly competitive marketplace.
