Moniepoint Founder Builds Trillion Naira Revenue Engine

Moniepoint’s explosive transaction growth suggests founder Tosin Eniolorunda may be sitting atop one of Nigeria’s most profitable companies.

When Tosin Eniolorunda founded TeamApt in 2015, the company worked quietly in the background, building payment infrastructure for Nigerian banks. A decade later, rebranded as Moniepoint, the fintech company sits at the heart of Nigeria’s vast informal economy, which accounts for most daily commerce, moving money at a scale that hints at massive revenue potential.

By 2025, Moniepoint processed transactions worth ₦412 trillion, or about $297 billion, according to company disclosures cited by TechCabal. That figure alone places the company among the most important financial pipes in the country, rivaling national payment infrastructure in both volume and relevance.

The shift from quiet backend provider to mainstream fintech picked up speed in 2019, when Moniepoint started working directly with merchants through its PoS terminals. Daily transactions crossed 100,000 that year. By 2023, the company had dropped the TeamApt name altogether, rebranding fully as Moniepoint to reflect where the real business had moved.

By 2025, Moniepoint was no longer just a PoS company. It has become a full stack platform spanning payments, transfers, agency banking, credit, cards, web payments, and business management tools. Payments served as the entry point, with credit and additional products strengthening customer reliance on the platform.

The scale is increasingly hard to overlook. Moniepoint says it now processes over 13 trillion transactions annually, and handles 1 billion monthly. Its terminals power everyday commerce at supermarkets, fuel stations, restaurants, bakeries, gyms, and informal retail stalls. The company claims eight out of ten in person payments in Nigeria pass through its rails.

That growth carries clear revenue implications. While Moniepoint does not publish a detailed breakdown, TechCabal estimates that transaction fees likely fall between 0.1% and 0.5%, depending on channel mix and regulatory caps. On ₦412 trillion in transaction value, that implies potential gross payment revenue ranging from ₦412 billion at the low end to more than ₦2 trillion at the high end.

Those figures exclude lending income. In 2025 alone, Moniepoint disbursed over ₦1 trillion in loans to small businesses. Even assuming a conservative non performing loan ratio of 10%, roughly ₦900 billion would remain active. At an interest rate near 20%, gross interest income could approach ₦180 billion, further reinforcing the company’s revenue base.

Put in context, Moniepoint is playing in rare territory. Nigeria’s central payment system, NIBSS, processed about ₦1.07 quadrillion in 2024. Moniepoint alone handled ₦412 trillion of that, showing just how deeply the company is woven into everyday commerce across the country.

Eniolorunda’s strategy has leaned heavily on data. Years spent building systems for banks gave Moniepoint insight into settlement failures, liquidity pressure, and transaction behavior. That knowledge later powered its expansion into credit, allowing the company to underwrite loans based on real cash flow rather than static credit scores.

Beyond payments and lending, Moniepoint has moved steadily into products designed to keep businesses on its platform. Card usage has climbed sharply, with about 1.7 million card transactions recorded each day in 2025. Its web payments unit, Monnify, processed ₦25 trillion during the year and added direct debit, while Moniebook expanded the company’s role from handling payments to managing how businesses run their day to day operations.

The fintech company has also begun extending its reach beyond Nigeria. In 2025, it launched Monieworld for UK to Nigeria remittances and secured key international card certifications. Regulatory filings show millions of dollars committed to its UK expansion.

Moniepoint enters 2026 facing tighter regulation, broader product reach, and rising credit risk. The CBN’s scrutiny of PoS and digital payments will test whether its infrastructure, lending discipline, and product stack can sustain national-scale growth.