Moniepoint, a Nigerian Fintech company that offers payments, banking, and operations solutions for businesses in emerging markets, has debuted on the CB Insight Fintech 100 ranking for the second year in a row.
CB Insight is regarded by top industry analysts as the most trusted source for technology market insight. The market intelligence platform analyzes data points on venture capital, startups, patents, partnerships, and tech news.
On its latest top 100 Fintech ranking list, it contains a mix of companies at different stages from maturity, product development, and funding.
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These companies were chosen based on factors, including equity funding, news sentiment analysis, investor profiles, R&D activity, business relationships, competitive landscape, market potential, proprietary Mosaic scores, and tech novelty.
Reacting to its ranking on CB Insights Fintech’s top 100 ranking of Fintech companies for 2023, Group CEO of Moniepoint Inc., Tosin Eniolorunda expressed excitement while stating that the Fintech startup has continued to show commitment to offering remarkable financial services for customers.
In his words,
“We are honored to be recognized by CB Insights as one of the top 100 fintech companies of 2023. This listing validates our Unwavering commitment to powering dreams and driving financial happiness for everyone.
“It is also a strong reflection of our momentum in terms of growth, innovation, and making a real difference in the marketplace. Our team has worked tirelessly to deliver innovative solutions that empower individuals and businesses across Africa with accessible, efficient, and secure digital financial services. This recognition is a testament to our efforts in enhancing financial inclusion and transforming the lives of millions across the continent.”
Moniepoint inclusion on CB Insights Fintech 100 List for the Second year in a row doesn’t come as a surprise, as the Fintech startup has continued to show commitment towards enhancing and providing seamless financial services for customers.
The Fintech startup has continued to actively expand its network of point-of-sale (PoS) terminals across Nigeria. This expansion aims to bring digital financial services to underserved and remote areas, contributing to improved financial inclusion in the country.
The company has established partnerships with various financial institutions, including banks, to facilitate seamless transactions through its PoS network. These collaborations have enabled Moniepoint to offer a wide range of financial services.
In a bid to make it easy for users to access and manage their funds through their extensive network of agents and PoS terminals, Moniepoint integrated with digital wallets and mobile money platforms.
In Nigeria’s competitive Fintech landscape, Moniepoint remains one of the top key players, competing with other fintech companies offering similar services like Opay, Palmpay, and several others.
The growth of Moniepoint has contributed to Nigeria’s economic development by facilitating financial transactions, promoting digital payments, and supporting small businesses.