Moniepoint Tops Nigeria’s Retail Sector with N412 Trillion in Transactions

Moniepoint Tops Nigeria’s Retail Sector with N412 Trillion in Transactions

Moniepoint, a leading Nigerian fintech, reported processing a massive N412 trillion in transaction value throughout 2025.

This milestone underscores the platform’s dominant position in the retail payment ecosystem, where it now powers approximately 80 percent of all in-person payments nationwide.

The company handled over 14 billion transactions during the year, reflecting a significant shift in how Nigerians conduct daily commerce.

This surge highlights the increasing reliance on Point-of-Sale (PoS) terminals and digital transfers over traditional banking infrastructure, particularly within informal and semi-formal retail markets.

Beyond payment processing, Moniepoint successfully ventured into the credit market by disbursing more than N1 trillion in loans to small businesses.

By leveraging transaction data to assess creditworthiness, the fintech has filled a critical gap left by traditional banks that often restrict lending to SMEs.

Addressing the company’s strategy, Tosin Eniolorunda, Moniepoint’s founder and chief executive, stated “Our focus has been on building infrastructure that works for how businesses actually operate,” pointing to the prevalence of informal trade in Africa’s largest economy.

The firm’s expansion was supported by a $200 million Series C funding round in 2025, backed by global investors like Google’s Africa Investment Fund, Visa, and the IFC. Additionally, its subsidiary, TeamApt Ltd, secured licenses from Mastercard and Visa to handle international card payments and provide switching services.

Founded in 2015, Moniepoint has evolved from a backend provider into a comprehensive financial hub serving over 6 million active businesses. Its success highlights the rising importance of non-bank players in shaping the future of Nigeria’s digital economy and financial inclusion.