Moniepoint is a global business payments and banking platform and recently became QED Investors’ first investment in Africa. We are the partner of choice for over 600,000 businesses of all sizes, powering the dreams of SMBs and providing them with equal access to the tools they need to grow and scale.
Our initial approach to delivering financial happiness was creating financial solutions aimed at optimising the operations of partner banks and financial institutions. These solutions were deployed to 95% of Nigerian banks and improved the service experience for over 10 million of their customers.
We decided to take a more direct approach to achieve our mission. Using our industry experience, technical depth and customer-first approach, we started providing business-facing products to merchants. We offered financial solutions to merchants selling cash (agents) through our products - Moniepoint and Monnify.
With Moniepoint, we built Nigeria’s strongest distribution network for financial services. We became the leading agency banking solution in Nigeria, processing up to $7 billion monthly in over 120,000,000 transactions each month. We also offered solutions to merchants selling goods and services who needed to receive payments online through our product- Monnify, processing over $22 million daily in 500,000 transactions.
We expanded to focus on the growth of all types of small businesses, ensuring they had access to the financial growth engines necessary to accelerate their success. We received a banking licence and began offering banking services to businesses across the country.