Moniepoint has officially crossed a major milestone, now serving over 20 million businesses and individuals throughout Nigeria and across the continent. According to the company’s latest impact report, this growth has been mirrored by a significant commitment to local economic development, with more than $700 million in credit disbursed to micro, small, and medium-sized enterprises just in 2025.
What makes these figures particularly noteworthy is the impact on the ground. Research indicates that three out of every four merchants who secured funding through the platform were accessing formal business credit for the very first time. By shifting away from traditional collateral requirements and instead utilizing transaction data to assess creditworthiness, the firm has effectively opened doors for entrepreneurs who were previously locked out of the financial system.
Tosin Eniolorunda, the company’s co-founder and group CEO, frames this success in terms of what he calls financial happiness. He explains that the goal has been to provide people with the reliable tools necessary to grow their livelihoods, evolving from a simple technology provider into a driving force for economic transformation. This approach appears to be paying off, as businesses utilizing these loans reported a 36 percent jump in average transaction value.
The data also points to a tangible ripple effect on the economy. Nearly 90 percent of merchants who received loans reported measurable business growth, and more than a quarter of those surveyed went on to expand their workforce. Collectively, businesses integrated into the platform supported over eight million jobs throughout 2025.
The report also highlights a concerted effort toward gender inclusivity. Lending to women-owned businesses surged by more than 300 percent over the year, with women accounting for over a third of all loans disbursed. Perhaps most encouragingly, more than 60 percent of these female beneficiaries noted that this was their inaugural experience with a formal business loan.
Beyond lending, the company’s reach remains extensive. With its network of point-of-sale terminals now covering every single one of Nigeria’s 774 local government areas, its infrastructure helps roughly 100 million people access digital payments. Furthermore, its USSD banking service has seen explosive growth, jumping 500 percent in a single year to reach five million active users. As Reports observes, these developments underscore a broader mission to dissolve traditional barriers and build a financial ecosystem that remains accessible to everyone.
