Moniepoint
Africa's all-in-one financial ecosystem for businesses and individuals
What it does
TeamApt was founded in 2015 by Tosin Eniolorunda (formerly at Interswitch) and Felix Ike as a service provider for banks and financial institutions. It later entered agency banking and launched Monnify, Nigeria's largest account transfer payment gateway. TeamApt rebranded to Moniepoint Inc. in 2023 and relocated its HQ to London. In October 2024, Moniepoint became a unicorn after raising a $90M round at over $1B valuation. The company has raised $286M in total funding.
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Known for
- Unicorn status ($1B+ valuation, 2024)
- Moniepoint agent banking network
- Monnify payment gateway (N25T processed in 2025)
- Founded by ex-Interswitch executive Tosin Eniolorunda
Model & industry
Marketplace / Aggregator modelBanking-as-a-ServiceEmbedded FinanceAll / Cross-industry
Funding history
$175.5M
Total raised
4
Rounds
Series C
Latest stage
2025
Latest year
| Date | Stage | Amount | Lead investor |
|---|---|---|---|
| 2025-01 | Series C | $10.0M | Visa |
| 2024-10 | Series C | $110.0M | Development Partners International (DPI) |
| 2022-08 | Pre-Series C | $50.0M | QED Investors |
| 2019-03 | Series A | $5.5M | Quantum Capital Partners |
Source: Condia Funding Tracker
Products & subsidiaries
Moniepoint Smart POS · POS Hardware & AcquiringMoniepoint Business Account · Neo-BankingMoniebook · Bookkeeping & Financial ERPMoniepoint Personal Banking · Consumer App
Acquisitions
- ORDA (2024). Restaurant management software and point-of-sale operating system.
In the News
- 2026-06-15 · Moniepoint's Monnify Processed $18B in Payments Last Year · Daba Finance
People
Investors
Development Partners International (DPI)LeapFrog InvestmentsVisaQED InvestorsNovastar VenturesLightrockVerod Capital ManagementGoogle's Africa Investment FundProparco