Fintech unicorn Moniepoint gets recognition
Moniepoint Inc. has been named among the world’s top fintech companies by CNBC, reinforcing its position as a key driver of financial inclusion across Africa.
The startup, formerly TeamApt Inc., achieved unicorn status in October 2024 after raising $110m in a Series C funding round. This milestone valued the company at over $1bn, making it Africa’s eighth unicorn at the time.
The recognition places Moniepoint in an exclusive list of 250 leading global fintech firms, compiled by CNBC in collaboration with market research firm Statista. The list evaluates companies based on financial performance, including revenue growth, transaction volume, employee headcount, and capital raised.
Founded in 2015 by Group Chief Executive Officer Tosin Eniolorunda and Felix Ike, Moniepoint has been instrumental in providing banking, payments, credit, and business management tools to over 10 million customers. The company processes more than one billion transactions monthly, with volumes exceeding US$22bn.
“This is an honour for us at Moniepoint,” said the Group Chief Executive Officer, Tosin Eniolorunda. “Our inclusion in CNBC’s global fintech list is testament to the commitment and dedication of our team. It also highlights our mission to power the dreams of millions of African entrepreneurs and businesses. As we continue to scale, we remain focused on widening access to financial services and creating economic opportunities for Africans everywhere.”
The accolade follows a series of recent milestones for Moniepoint. In June, the company was named in the TIME100 Most Influential Companies list for 2025, further underscoring its impact on financial services.
The payment firm has also been featured on the Financial Times’ list of Africa’s fastest-growing companies for three consecutive years and was included in CB Insights’ Fintech 100 list, which ranks the world’s most promising private fintech firms.
Moniepoint recently launched MonieWorld, a platform designed to extend its services to Africans in the diaspora, starting with the United Kingdom. This move marks the first time the company has offered services to consumers outside Africa, enabling seamless remittance and digital financial services to individuals abroad.
CNBC’s top fintech list, introduced in 2023, recognises market leaders in technology-driven financial services across sectors such as banking solutions, payments, and digital assets. The list serves as a benchmark for investors, stakeholders, and readers tracking the dynamic global fintech industry.