Monnify
A Better Way To Collect Payments
What it does
Monnify is a payment gateway launched in 2019 by TeamApt (now Moniepoint Inc.), founded by Tosin Eniolorunda and Felix Ike. It is Nigeria's first and largest account transfers payment gateway, allowing businesses to accept bank transfers, cards, USSD, and cash payments. In 2025, Monnify processed N25 trillion (~$18.3 billion) in transactions, a 38% increase from 2023.
Payment gatewaysBill payments & aggregatorsBulk / mass payouts
Model & industry
Payments-as-a-ServiceAPI-as-a-ProductAll / Cross-industry