Nigerian Fintech Moniepoint Disburses $2B to Small Businesses

Moniepoint Inc., a Nigerian fintech company, disbursed over 1 trillion naira (roughly $2 billion USD) in loans to thousands of small businesses across Nigeria in 2025. From corner stores to supermarkets to building materials sellers, everyday entrepreneurs got the funding they needed to grow.

The results speak volumes. Small businesses that received loans from Moniepoint grew by an average of 36% after getting access to credit.

This isn't your traditional bank loan process. Moniepoint uses alternative data like transaction histories, business patterns, and payment behaviors to evaluate creditworthiness. That means business owners who lack traditional credit scores or collateral can still qualify for funding.

The company achieved unicorn status in 2025 after raising over $200 million from investors including Google's Africa Investment Fund, Visa, and the International Finance Corporation. But the real story isn't the valuation. It's the impact on real people trying to build something.

Moniepoint now powers eight out of every ten in-person payments made across Nigeria. In 2025 alone, its banking subsidiary processed 412 trillion naira across more than 14 billion transactions.

The Ripple Effect

Founder Tosin Eniolorunda points out that 83% of employment in Africa exists in the informal economy. When small businesses get access to credit and grow, entire communities benefit. Jobs get created. Families earn more income. Local economies strengthen.

The company expanded beyond Nigeria in 2025, launching MonieWorld in the United Kingdom to serve the African diaspora and strengthen remittance corridors. It also secured processing licenses from Mastercard and Visa, positioning itself to serve businesses across the continent.

Moniepoint started in 2015 with a simple mission: solve overlooked problems. Ten years later, it's helping power Nigeria's march toward becoming a trillion-dollar economy by 2030 by betting on the entrepreneurs traditional banks often ignore.

The infrastructure is built, the model is proven, and millions of small business owners finally have access to the capital that can change everything.