In 2015, Moniepoint, then known as TeamApt, was largely invisible to the public, working behind the scenes to build payment infrastructure for Nigerian banks. A decade later, the fintech has emerged as one of the most critical channels through which money moves in Nigeria’s informal economy.
By 2025, Moniepoint was processing ₦412 trillion in transactions and handling more than 14 billion individual payments, a scale that places it at the heart of everyday commerce across the country.
The company’s transformation began in earnest in 2019 when it shifted from being a pure backend provider to directly serving merchants under the Moniepoint brand. That year, it crossed 100,000 daily transactions. In 2023, TeamApt fully rebranded as Moniepoint, a move the company said reflected the dominance of its flagship product and a desire to be closer to customers.
By 2025, Moniepoint terminals were powering payments at supermarkets, fuel stations, restaurants, bakeries and countless small traders, with the company claiming that eight out of ten in person payments in Nigeria now pass through its platform.
This growth mirrors the broader expansion of digital payments in Nigeria. Data from the Nigeria Inter Bank Settlement System shows that transaction values processed nationally rose from ₦600 trillion in 2023 to ₦1.07 quadrillion in 2024.
Based on its own figures, Moniepoint’s ₦412 trillion transaction value in 2025 represents about 38.5 percent of the total national transaction value recorded the previous year. Its business model relies on massive volume rather than high fees, with estimated transaction charges ranging between 0.1 percent and 0.5 percent, translating to potential gross payment revenue running into hundreds of billions of naira.
Beyond payments, Moniepoint has steadily built credit into its core engine. In 2025 alone, it disbursed over ₦1 trillion in loans to small businesses, using transaction data from its network to assess cash flow and reduce credit risk. While non performing loans remain a concern across Nigeria’s financial system, Moniepoint says its data driven underwriting has kept defaults relatively low.
At the same time, it has deepened customer stickiness through card usage, personal and business accounts, and products like Monnify for online payments and Moniebook, a platform that combines payments with bookkeeping and business management.
The company’s ambitions now extend beyond Nigeria’s borders and beyond simply using global payment rails. In 2025, its switching subsidiary secured Mastercard and Visa certifications, allowing it to support international card payments for other businesses. It also launched Monieworld, targeting remittances from the United Kingdom, one of Nigeria’s most important diaspora corridors.
With a National Microfinance Bank licence secured and staff strength expanded to over 3,300 employees across 19 countries, Moniepoint has entered a phase of scale that brings both legitimacy and heavier regulatory scrutiny. As 2026 unfolds, its challenge will be proving that its payment dominance can translate into durable trust and disciplined credit growth in a tightening regulatory environment.