Moniepoint has grown from a fintech startup to a billion-dollar industry titan

Key takeaways

  • Moniepoint began as TeamApt in 2015, building solutions for banks before pivoting to agent banking in 2019.
  • In 2022, Moniepoint secured a banking license, launched business banking, and processed 5.2 billion transactions.
  • The company rebranded to Moniepoint in 2023, relocated to the UK, and launched personal banking.
  • By 2024, Moniepoint achieved unicorn status, with over $200 million in total funding.
  • In 2025, Moniepoint plans to expand into contactless payments and remittances through Monieworld.

Moniepoint’s transformation from TeamApt to a fintech unicorn has been marked by significant milestones. Starting in 2015, the company shifted its focus to agent banking in 2019 and quickly became a dominant player, processing $7 billion monthly by 2020. The acquisition of a banking license in 2022 led to a surge in transactions, reaching 5.2 billion that year.
In 2023, the company expanded into personal banking, relocated its headquarters to the UK, and saw Monnify’s transaction volume jump to $13 billion. By 2024, Moniepoint had surpassed $200 million in funding and attained unicorn status. Looking ahead to 2025, its focus will include contactless payments and remittance services through Monieworld.

Source:

Moniepoint, Media reports

Period:

2015-2025
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