How Moniepoint Powers Millions of Businesses Across Nigeria

The Flip

There are millions of Moniepoint point-of-sale terminals in use across Nigeria. These point-of-sale devices power Nigeria’s offline economy, and while there are many competitors in this space, Moniepoint appears to beating them all.

How did they do it? How did Moniepoint grow so quickly? And why has it become the preferred choice for agents and merchants across Nigeria?

In this episode, we hit the streets of Lagos with Ezekiel Sanni, Moniepoint's Senior Vice President of Distribution Network Sales.

Moniepoint has been recognized as Africa's fastest-growing fintech by the Financial Times in 2023 and 2024. Last year, they processed over $182 billion in payments.

Moniepoint (formerly TeamApt) was founded by Tosin Eniolorunda in 2015.

00:00 - Moniepoint is winning Nigeria's fintech battle
01:28 - What do agents want?
02:19 - Nigeria's banking challenges
03:34 - Moniepoint's business banking strategy
04:49 - Moniepoint's distribution strategy

Check out our roundtable conversation with Monieponit's CEO, Tosin Eniolorunda, Kuda's Babs Ogundeyi, and FairMoney's Laurin Hainy - https://theflip.africa/podcast/nigerian-neobank-roundtable-moniepoint-kuda-fairmoney

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