Nigerian fintech giant, Moniepoint, has processed transactions valued at N412 trillion in 2025, further cementing its dominance in the country’s retail payments space.
The company also disclosed that it disbursed over N1 trillion in loans to small businesses within the same period, reinforcing its growing influence in Nigeria’s credit ecosystem at a time when traditional bank lending remains tight.
Moniepoint said it handled more than 14 billion transactions during the year and now facilitates about 80 per cent of in-person payments across the country. This, analysts say, shows how payment flows are increasingly concentrated among a few major fintech platforms.
The firm’s rapid growth mirrors the broader transformation in Nigeria’s payment landscape, where point-of-sale (POS) terminals and digital transfers now drive daily commercial activities, from neighbourhood stores to open markets.
Industry observers note that fintech-led payment acquiring has expanded faster than traditional banking infrastructure, particularly in informal and semi-formal retail segments that form a large part of Nigeria’s economy.
Founded in 2015, Moniepoint has grown from a backend technology provider into what it describes as Nigeria’s largest merchant acquirer. The company now provides payments, banking, credit, foreign exchange and business management solutions to over six million active businesses nationwide.
Its stronghold in payments has also boosted its ability to provide loans. By leveraging transaction data and business performance patterns, Moniepoint has extended credit to small businesses that often struggle to access funding from commercial banks. The company said more than N1 trillion in loans were disbursed through its microfinance banking arm in 2025.
Founder and Chief Executive Officer of Moniepoint, Tosin Eniolorunda, said the company’s focus has been on building financial infrastructure tailored to how businesses actually operate, especially within Nigeria’s largely informal economy.
To support its expansion, Moniepoint raised over $200 million in a Series C funding round in 2025. Investors in the round include Development Partners International, Google’s Africa Investment Fund, Visa, the International Finance Corporation and Verod Capital.
Beyond merchant acquiring, the company said its switching and processing subsidiary, TeamApt Limited, secured licences from Mastercard and Visa to operate as both a processor and acquirer. This allows it to handle international card payments and provide switching services to other businesses across Africa.
Its online payments gateway, Monnify, also recorded significant activity, processing transactions worth N25 trillion during the year.
As Nigeria continues to push for a more digital financial system, Moniepoint’s expanding footprint highlights the growing role of fintechs as key players in the country’s financial services industry.
