Moniepoint Inc, Africa’s all-in-one financial ecosystem platform for individuals, businesses, and their customers, today publishes its inaugural Impact Report titled “Creating Financial Happiness
https://www.digital.zenithbank.com/ZEQ/ZEQ-jan-2026/index.html#p=1The report captures Moniepoint’s evolution from a financial infrastructure provider into a comprehensive financial ecosystem, now serving over 20 million businesses and individuals, processing over $250 billion in transaction value annually. It also highlights the impact of expanded access to credit, banking, and business management tools for MSMEs in Nigeria, which face a funding gap of approximately $32.2 billion.
At the heart of the report is access to credit. In 2025, Moniepoint disbursed more than $700 million in loans to MSMEs. For three out of four borrowers, a loan from Moniepoint was the first formal business credit their enterprise had ever accessed. This is made possible by its unique approach to lending. Rather than relying on the collateral and extensive documentation that tend to exclude many small businesses, Moniepoint uses proprietary transaction data to assess business cash flow and creditworthiness, extending access to finance for thousands of businesses. The impact of this model extends beyond access to finance. Businesses that received credit recorded a 36% increase in average transaction value, while enterprises banking with Moniepoint employed more than 8 million people in 2025.
One of the clearest examples of this approach is Moniepoint’s lending to women-owned businesses. Despite accounting for around one-third of Nigeria’s MSMEs, women entrepreneurs face disproportionate barriers to formal finance. Our portfolio analysis found that women borrowers had a default rate 2.5 times lower than men, reinforcing the case for a more data-driven approach to lending. Guided by these insights, Moniepoint increased lending to women-owned businesses by more than 300% in 2025, with women accounting for 36% of its loan portfolio, well above the industry benchmark of 15 to 25%. For 62% of surveyed women entrepreneurs, a Moniepoint loan was the first formal business loan they had ever received.
Beyond access to credit, the report highlights how Moniepoint’s payments infrastructure is extending financial access to underserved communities. For customers without smartphones or reliable internet, Moniepoint’s USSD service turns a basic feature phone into a banking tool. People without smartphones carried out over $170 million in transactions by dialling a simple code. Across the country, Moniepoint’s POS terminals operate in all 774 local government areas and enable payments for 100 million people in 2025. These gains are showing up in how people experience their financial lives. In surveys of Moniepoint users, 83% reported that their quality of life has improved, and 85% reported increased confidence in achieving their financial goals.
Speaking about the report, Tosin Eniolorunda, Co-Founder and Group CEO of Moniepoint Inc., said: “Ten years ago, we began this journey with a simple but audacious goal — to build financial infrastructure that worked for everyone. Today, that goal has crystallised into our mission of creating a world where every African, everywhere, can experience financial happiness.
This report shows how that vision is taking shape, through the lives and businesses that are improving because they now have access to the right financial tools. For 75% of the businesses we lent to this year, ours was the first formal business loan they had ever received. We also significantly expanded lending to women-owned businesses because we know that when African women thrive, entire communities are uplifted.”
He added: “We are already seeing those investments bear fruit, with businesses that accessed our credit recording a 36% increase in average transaction value, and the enterprises we serve now supporting more than eight million jobs. That is what financial happiness means to us, creating opportunities that help people, businesses and communities grow.”
The report also captures Moniepoint’s continued expansion beyond Nigeria. During the year, Moniepoint entered East Africa through the acquisition of Sumac Microfinance Bank in Kenya, extending its model of inclusive financial services to a new market, whilst launching Moniebook, an integrated platform combining payments, bookkeeping and inventory management to help small businesses manage and grow their operations more efficiently.
Beyond its commercial operations, the report also highlights Moniepoint’s broader contribution to economic and social development through investments in talent, education, entrepreneurship and community development. Guided by the UN Sustainable Development Goals, the financial giant has expanded employment pathways through initiatives such as Women in Tech and DreamDevs engineering programmes, while supporting STEM education, financial literacy, women entrepreneurs and underserved children, collectively reaching tens of thousands of beneficiaries. Through strategic delivery partnerships, Moniepoint has also supported large-scale government intervention programmes, enabling subsidised food distribution to more than 800,000 people in northern Nigeria.
Named one of TIME’s 100 Most Influential Companies in 2025 and recognised by the Financial Times among Africa’s Fastest-Growing Companies, Moniepoint has grown into a global company employing more than 3,300 people across 10 countries.
