Photo caption: Moniepoint logo
Moniepoint Inc. has been ranked by the Financial Times as one of Africa’s fastest-growing companies for the third consecutive year, reinforcing its rapid growth as one of the continent’s leading financial institutions for Africans everywhere.
The recognition highlights Moniepoint’s continued ability to achieve strong, scalable growth. In a market where few companies successfully balance size with agility, Moniepoint distinguishes itself by maintaining operational efficiency while accelerating its expansion across the continent.
The world’s leading financial publication confirmed the company’s accolade in its annual “Africa’s Fastest Growing Companies” survey, released recently, a statement obtained on Tuesday revealed.
The survey was compiled by Statista, a leading research company renowned for its insight into African companies’ actual performance, in a rigorous screening process.
Moniepoint’s growth rates ranked it ahead of hundreds of leading companies from diverse industries such as technology, telecoms, financial services, and healthcare. This achievement is amplified by its considerable revenue for 2023 ($264.51m), unmatched by peers in the ranking’s top 25.
Moniepoint is one of Africa’s leading business payments and personal banking servicing platforms, processing over one billion transactions monthly, with total monthly payments volume exceeding US$22bn, serving ten million businesses and individuals across Nigeria.
The accolade for actual performance highlights its continued success as Africa’s leading fintech. It follows investor endorsement in October’s $110m Series C fundraise and subsequent investment from global digital payments leader Visa.
Group CEO of Moniepoint Inc., Tosin Eniolorunda, said, “We are delighted to achieve the very highest of rankings for the third consecutive year in the world’s leading financial publication, the Financial Times.
“We like to let statistics speak for themselves, and accolades do not come much higher. Maintaining such rapid growth is only possible due to the hard work of the entire Moniepoint team, and I thank them all for their continued dedication.
“We are very excited about 2025. We continue to innovate and develop new products to support financial inclusion and drive financial happiness, both in Africa and for consumers in the global diaspora.”
The ranking follows last month’s launch by Moniepoint of its first product, ‘MonieWorld’, that serves clients outside Africa. Designed to meet the underserved needs of the UK’s African diaspora, MonieWorld is a remittance and digital financial services solution allowing UK customers to send money to Nigeria seamlessly.
