1. Engineering Roots Behind Moniepoint
Tosin Eniolorunda studied Mechanical Engineering at Obafemi Awolowo University (OAU), a training that shaped the problem-solving and systems-thinking approach later embedded in Moniepoint’s infrastructure.
2. Early Exposure to Industrial Systems
In 2005, he interned at Schlumberger Limited in Port Harcourt, gaining firsthand experience with complex, high-reliability systems—an influence evident in Moniepoint’s focus on uptime and scale.
3. Fintech Apprenticeship Before Moniepoint
After graduating in 2007, he joined Interswitch, where he worked on Nigeria’s core payment rails, preparing him for building a platform like Moniepoint.
4. From Developer to Systems Leader
At Interswitch, Eniolorunda rose from software developer to Senior Software Manager, Product Manager, and Unit Head, managing large financial applications similar in complexity to Moniepoint’s later systems.
5. Moniepoint’s Origin Story
He co-founded Moniepoint (formerly TeamApt) with five others, initially providing backend payment infrastructure before evolving into a full-fledged merchant banking platform.
6. Why Moniepoint Focused on Businesses
Unlike many fintech startups targeting individuals, Moniepoint was designed to serve merchants, SMEs, and enterprises, solving payment failures, settlement delays, and access to banking services.
7. Moniepoint as a Merchant Acquirer
Under Eniolorunda’s leadership, Moniepoint became Nigeria’s leading merchant acquirer, processing transactions for millions of businesses nationwide.
8. Beyond Payments: A Business Bank
Moniepoint now offers payments, business accounts, credit, and financial tools, positioning itself as a digital bank built specifically for business growth.
9. 2025 Funding Milestone
In 2025, Moniepoint raised $100 million across two funding rounds, marking it as one of Africa’s most valuable fintech companies.
10. Global Confidence in Moniepoint’s Vision
Investors such as Visa, Development Partners International, LeapFrog Investments, Google for Startups Black Founders Fund, and Verod Capital Management back Moniepoint, reflecting trust in Eniolorunda’s leadership and execution.
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