Moniepoint Inc. Overview
Pro stress-test →Moniepoint (formerly TeamApt) is a Nigerian fintech company based in Lagos that provides banking services and loans via an online banking app. As Nigeria's leading payments and digital banking platform, its customer base exceeds 10 million active businesses and personal banking customers, and processes over US$250 billion in digital payments transaction value annually. Moniepoint is one of the few fintechs globally, and the first in Africa, to achieve profitability at unicorn scale while driving financial inclusion.
Strategic Profile
Pro stress-test →Founded in 2015 by Tosin Eniolorunda and Felix Ike, Moniepoint (formerly TeamApt Inc.) has evolved from developing payment infrastructure for banks to becoming a comprehensive financial platform, providing services including digital payments, business and personal banking, credit, cross-border payments, and business management tools. The company is expanding strategically across Africa and internationally, with recent acquisitions in East Africa and restaurant-focused fintech enabling broader market penetration.
Competitive Landscape
Pro stress-test →Moniepoint operates in Africa's rapidly growing fintech space alongside regional and global competitors. In Nigeria and across Africa, key competitors include payment processors and neobanks targeting SMEs and underbanked populations. Global comparables in payments and digital banking include Stripe, PayPal, and PayU, though Moniepoint's focus on African emerging markets and profitability at scale distinguish it within the competitive landscape.
Industry Context
Moniepoint Inc. operates in Financial Technology (Fintech) / Digital Payments & Banking.
Key facts
Founded: 2015 · Headquarters: Lagos, Nigeria · Employees: N/A · Revenue: N/A · Market cap: N/A