Moniepoint Inc., Africa’s all-in-one financial ecosystem, helping 10 million businesses and individuals access seamless payments, has been recognized by TIME, among the 100 Most Influential Companies list for 2025.
Moniepoint’s debut on the prestigious list underscores its growing influence in advancing financial inclusion and powering small businesses across the continent. The Fintech company joins a select group of companies recognized by TIME editors for their impact, innovation, ambition, and success.
The list, now in its fifth year, is curated from nominations sourced across industries and geographies, vetted by TIME’s global network of journalists and external experts. The result is a diverse group of 105 businesses helping chart an essential path forward.
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Commenting on the recognition, Moniepoint CEO and Co-founder Tosin Eniolorunda wrote,
“This recognition by TIME is a powerful validation of the work we do every day to create financial happiness for millions of people and businesses in Africa. From enabling over 10 million businesses to accept payments, access working capital, and run their operations digitally, to supporting everyday Africans through innovative financial solutions — we are proud of the role we play in powering dreams while transforming lives and livelihoods,” said CEO and Co-Founder, Moniepoint Inc.
In Nigeria, ninety percent of the country’s 40 million small and medium-sized enterprises operate in the informal economy, relying on cash payments and facing barriers to credit and growth. Moniepoint provides these businesses with a range of banking services through its comprehensive ecosystem of digital banking, credit, payments, and business management tools.
With over 10 million customers (including both businesses and individuals), the fintech enables most of the country’s point-of-sale transactions, processing over 1 billion transactions monthly. Moniepoint has become instrumental in advancing financial inclusion by providing accessible, reliable, and affordable financial services to those excluded by formal and traditional institutions on the back of its hyper-local distribution network.
As Nigeria’s largest merchant acquirer, powering most of the country’s Point of Sale (POS) transactions, Moniepoint’s growth has been recognized for its scalability and resilience, demonstrating its ability to balance expansion with operational efficiency.
The platform offers seamless remittance and digital financial services to support the African diaspora, further demonstrating Moniepoint’s innovative approach to financial inclusion.
In April 2025, the fintech announced the launch of MonieWorld, a new remittance and digital financial services solution specifically to meet the fragmented, underserved needs of the UK’s African diaspora. It marked the first time Moniepoint has offered services to customers outside of Africa, a landmark step in its journey to provide financial happiness for underserved populations.
Notably, the company achieved unicorn status last fall, after securing $110 million in a Series C funding round, valuing the company at over $1 billion. The funding round was led by Google’s Africa Investment Fund and London-based private equity firm Development Partners International (DPI).
In recent years, Moniepoint Inc. has been consistently recognized on other global platforms, including being listed three times consecutively by the Financial Times as one of Africa’s fastest-growing companies, reflecting its remarkable revenue growth and business expansion from 2020 to 2023. The Company has also been recognized thrice by CB Insights in the Fintech 100 list, highlighting it as one of the most promising private fintech companies worldwide.
The latest recognition from TIME affirms Moniepoint’s role as a transformative force in emerging markets, helping to build resilient infrastructure and inclusive economies while highlighting its significant influence and rapid growth in the fintech sector on a global scale.