Moniepoint, one of the leading business payments and digital banking platforms has been named in CNBC’s list of the UK’s top fintech companies in 2025.
The recognition highlights Moniepoint’s role in advancing financial inclusion for Africans worldwide and its growth internationally.
The list, compiled by CNBC in conjunction with market research firm Statista, identified honourees after analyzing key performance indicators across 2023-24, such as revenue growth, transaction volume, and capital raised.
Moniepoint joins a select cohort of innovative companies driving the UK’s dynamic fintech ecosystem forward. The fintech was listed in the payments category, which includes providers of payment services, gateways, and other products that facilitate transactions between people and businesses both online and in-store.
Companies in this category include Visa, Klarna, Mastercard, MyFawry, Opay, Interswitch, PayPal, Stripe, Wavemoney, Wise, amongst others.
Commenting on the recognition, Tosin Eniolorunda, Co-Founder and Group CEO of Moniepoint Inc., said, “We are delighted to be honoured once again by CNBC, this time as one of the UK’s top fintech companies. We are Nigerian-founded and proud of our heritage, but we recognise the importance of the UK market as both a strategic bilateral trade partner and a vital remittance corridor for Africa.
“That’s why we launched MonieWorld earlier this year to meet the fragmented, underserved needs of the UK’s African diaspora and, emboldened by this recognition, we look forward to exploring new ways to expand our presence in the UK and other markets, all with a view to promoting financial happiness and inclusion for Africans everywhere.”
Moniepoint’s recognition in CNBC’s list of the UK’s top fintech companies in 2025, follows several recent milestones which reiterate the Company’s significant momentum and ongoing commitment to widening access to the formal financial system. Recall that in 2024, Moniepoint was ranked among Africa’s fastest-growing companies by the Financial Times.
Founded in 2015 by Tosin Eniolorunda and Felix Ike, Moniepoint (formerly TeamApt Inc.) is a leading advocate for financial inclusion across Africa and the diaspora, especially for individuals and businesses operating in the informal economy, underserved by formal and traditional institutions.
In 2023, Moniepoint reportedly recorded 5.2 billion transactions, worth over $150 billion. By January 2024, around 2.3 million businesses were using Moniepoint payment machines. In October 2024, Monieppint reached unicorn status, a milestone that was achieved through a $110 million Series C funding round, which valued the company at over $1 billion for the first time.
Today, the Company supports more than 10 million customers and processes over one billion transactions monthly with volumes exceeding US$22 billion. Its comprehensive, integrated platform spans digital banking, credit, payments, and business management tools offering a seamless digital financial experience.
In Nigeria, Moniepoint’s payment machines have become ubiquitous across the country, from megastores in Lagos to roadside shops in Kano. These machines have become the preferred option for shoppers because they offer a lower-than-average transaction decline rate and instantly reverse transactions in case of failed payments.
Notably, Moniepoint expanded its offering to Africans in the international diaspora via the launch of the MonieWorld platform earlier this year. MonieWorld offers seamless remittance and digital financial services capabilities to individuals in international markets including the UK; the first time the Company has provided services to consumers outside Africa.
This latest accolade follows Moniepoint’s inclusion among CNBC’s list of the world’s top 300 fintech companies in July. Earlier in 2025, the Company was named in the TIME100 Most Influential Companies list, demonstrating its extraordinary impact.
Moniepoint’s mission is to empower businesses and individuals by providing seamless, reliable, and accessible financial services that drive economic growth and financial inclusion.
The fintech aims to simplify payments, banking, and business management for small and medium-sized enterprises (SMEs) and underserved communities, particularly in Nigeria and across Africa, through innovative digital tools, affordable credit, and integrated financial solutions.
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FROM www.tekedia.com
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