Moniepoint, Africa’s fintech unicorn, has announced a strategic partnership with tell. money to enhance the security and reliability of its UK payments infrastructure as it deepens its expansion into the United Kingdom financial services market.
The collaboration will enable Moniepoint to implement the Confirmation of Payee (CoP) account name-checking service through its remittance platform, Monieworld.
The service is designed to verify the account details of payment recipients before transactions are completed, helping to reduce the risk of fraud and misdirected payments while meeting UK compliance requirements for newly authorised financial firms.
The partnership will be delivered through Monieworld, also known as Moniepoint GB, a subsidiary of Moniepoint, launched just over a year ago. The platform enables UK residents to send money directly to Nigerian bank accounts using multiple payment options, including Monieworld accounts, debit and credit cards, British bank accounts, Apple Pay, and Google Pay.
Under the agreement, Tell. money will provide the name-checking infrastructure that powers the CoP service on the Monieworld platform. Moniepoint said it selected Tell. money because of its ability to deploy the solution quickly, securely, and with minimal operational complexity.
Speaking on the partnership, Ravi Jakhodia, CEO of Monieworld, said,
“Our goal with Monieworld is to build financial services for Africans in the diaspora, starting with Nigerians in the UK. We want to make it easier for people to support loved ones, invest back home, and manage cross-border finances with confidence. This partnership with tell. Money helps us build that experience securely and seamlessly.
“We selected tell. money as our preferred partner because it gives us the clarity and flexibility we needed to meet Confirmation of Payee requirements without unnecessary complexity. By taking on the full weight of CoP compliance, from setup and accreditation to ongoing monitoring, tell. money allows us to focus on what matters most: serving our customers and building a trusted financial service.”
David Monty, CEO at tell. money, also commented on the collaboration, stating,
“Moniepoint is clear on what it wants to deliver and how it wants to scale. Our job was to provide the access layer that fits around that, not the other way around. We focus on making things work cleanly, reliably, and without the noise. Newly authorised firms entering the UK market are choosing infrastructure that is ready to go, with minimal internal lift. In Moniepoint’s case, it meant staying focused on what they are best at, serving their customers, while knowing their regulatory requirements were handled.”
The partnership aligns with Moniepoint’s broader international growth strategy as the fintech continues to expand its footprint beyond Africa. Since its launch last year, Monieworld has gained traction among Nigerians living in the UK, positioning itself as a preferred remittance platform due to its speed and reliability.
Founded in 2015 by Tosin Eniolorunda and Felix Ike, Moniepoint provides payments, banking, credit, and business management tools to more than 20 million businesses and individuals globally through its integrated financial ecosystem.
The company has also established itself as Nigeria’s largest merchant acquirer, powering the majority of Point-of-Sale (POS) transactions in the country. Through its subsidiaries, Moniepoint processes over $22 billion in monthly transactions while maintaining profitability.
The fintech was established with a mission to bridge the financial inclusion gap by providing seamless banking, payment, credit, and business management solutions to individuals and micro, small, and medium-sized enterprises (MSMEs).
In a continent where millions remain unbanked or underserved by traditional financial institutions, the company positioned itself as a technology-driven platform focused on empowering businesses and enabling easier access to financial services.
Over the years, Moniepoint has expanded rapidly, becoming one of the largest payment processors in Nigeria. The company has played a significant role in enabling cashless transactions for small merchants, traders, and businesses across urban and rural communities in Nigeria.
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