Moniepoint
Started as agent-banking infrastructure, became the bank behind millions of Nigerian small businesses.
SME banking unicorn.
The facts
| Category | traditional · SMB & startups |
| AI | AI underwriting in production |
| HQ | Lagos, NG |
| Founded | 2015 |
| Custody | Custodial |
| Regulation type | Other / mixed |
| License detail | MFB + switching licenses (NG) |
| Card | Verve/MC · Business + personal |
| Stablecoins | No |
| KYC | Yes |
| Active regions | Africa |
| Countries | Nigeria, Kenya |
| Founders | Tosin Eniolorunda, Felix Ike |
| Funding | ~$180M+; unicorn |
Verified links: official site ↗ · privacy ↗ · @moniepoint ↗
Common questions about Moniepoint
What is Moniepoint?
Moniepoint is a fiat neobank built for SMB & startups, headquartered in Lagos, NG and founded in 2015. Your money is held custodially, so Moniepoint or its partner bank holds the balance and you hold a claim on it. Its regulatory structure is mixed (MFB + switching licenses (NG)).
Does Moniepoint have a card, and where can you use it?
It issues a Verve and Mastercard business and personal card. It is available in 2 countries, across Africa.
Does Moniepoint require KYC?
Yes. Moniepoint requires identity verification (KYC) to open an account, as a other / mixed.
Early investors
Peers
Wise · TymeBank · OPay · PalmPay · Bank Zero · Discovery Bank
Moniepoint appears in
Neobanks available in Africa (92) · Neobanks for small businesses and startups (33) · Neobanks that issue a Mastercard (150) · Neobanks on domestic card networks (16) · Neobanks in Nigeria (15)
Figures compiled from public sources, for comparison only — not financial advice. "Up to" rates change constantly; always confirm with the issuer. Spotted an error? Suggest a fix.