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Tag: Moniepoint

News

Moniepoint appoints Bayo Olujobi as CFO

Moniepoint Microfinance Bank has announced the appointment of Bayo Olujobi as its new Chief Financial Officer reinforcing the bank’s commitment to advancing financial inclusion. Olujobi, who joins Moniepoint from Stanbic IBTC Bank—a member of the Standard Bank Group—brings a wealth of experience in financial management. He previously served as the CFO of Stanbic IBTC Bank […]

Moniepoint raises $110m in funding
News

Moniepoint raises $110m in funding

Nigerian fintech Moniepoint has secured $110 million in a funding round led by Development Partners International, according to TechCabal. This new capital infusion nearly triples the company’s valuation, propelling it to $1 billion and positioning Moniepoint as Africa’s latest unicorn. Founded in 2015, Moniepoint has now joined the ranks of African fintech giants alongside companies […]

News

MSMEs are backbone of global economies – Moniepoint

The Managing Director of Moniepoint MFB, Babatunde Olofin has commended Micro, Small, and Medium Enterprises as the backbone of the global economy and vital participants in reaching the Sustainable Development Goals. This was disclosed by Olofin during the World MSME Day celebrations, according to Thisday. In thestatement, Olofin stated that with the correct backing from […]

Moniepoint records 5.2bn transactions in 2023
Tech

Moniepoint records 5.2bn transactions in 2023

Nigeria’s payments startup Moniepoint ended 2023 with 5.2 billion transactions over its online, mobile, card, and in-person payment channels, averaging 433 million transactions each month, according to TechCabal. The transactions totaled more than $150 billion in value. Compared to 2022, when the startup did 1.7 billion transactions valued at over $100 billion, that is a […]

Moniepoint gets nod to acquire Kenyan Kopo Kopo
News

Moniepoint gets nod to acquire Kenyan Kopo Kopo

Kenya’s competition authority has given Moniepoint Inc. the go-ahead to acquire Kopo Kopo, a business-focused provider of credit and payment services. Following the Competition Authority of Kenya’s clearance, Moniepoint (previously TeamApt) will continue to grow across the continent by extending its services to Kenya. One of the biggest business banking and payments platforms in Nigeria […]

MoniePoint begins retail banking, launches app, debit card
Banking

MoniePoint begins retail banking, launches app, debit card

Moniepoint has announced its entry into personal banking with the launch of a customer app and a debit card, marking a new stride in the fintech industry. With a focus on retail banking, Moniepoint will face competition from PalmPay and OPay, which also provide these services. Users of MoniePoint’s new app will be able to […]

Business

Moniepoint denies PayDay acquisition

By Christian George   Moniepoint has refuted the reports of it’s plans to acquire PayDay. This came after WeeTracker, an African tech publication, reported that the fintech was set to acquire PayDay for $40 million. In a report by Techcabal, Moniepoint is a business bank that has the largest agency banking network in Nigeria and […]

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