Moniepoint Inc., Africa’s leading fintech company, has been ranked by the Financial Times as one of Africa’s fastest-growing companies for the third consecutive year.
The recognition highlights Moniepoint’s rapid growth and impact as a leading financial institution in Africa.
The Financial Times’ annual “Africa’s Fastest Growing Companies” survey, compiled by Statista, ranked companies based on their absolute growth rate of revenues and compound annual growth rate (CAGR) from 2020 to 2023.
Moniepoint’s growth rates ranked it ahead of hundreds of leading companies from diverse industries.
Moniepoint’s revenue for 2023 was $264.51 million, unmatched by peers in the ranking’s top 25. The company processes over 1 billion transactions monthly, with a total monthly payments volume of over $22 billion.
Moniepoint serves ten million businesses and individuals across Nigeria. The company recently launched its first product, MonieWorld, which serves clients outside Africa, targeting the UK’s African diaspora.
Tosin Eniolorunda, Group CEO of Moniepoint Inc., said, “We are delighted to achieve the very highest of rankings, for the third consecutive year, in the world’s leading financial publication – the Financial Times.
“We continue to innovate and develop new products to support financial inclusion and drive financial happiness – both in Africa and for consumers in the global diaspora.”
Moniepoint has received several awards and recognitions, including awards in Corporate Banking and Digital Wallets at the IBS Intelligence Digital Banking Awards 2025.
It was also named Financially Inclusive Fintech of the Year by the Central Bank of Nigeria at the International Financial Inclusion Conference (IFIC) last year, and Best Bank for SMEs at BusinessDay’s Banks and Other Financial Institutions (BAFI) Awards.
These accolades underscore Moniepoint’s market leadership and commitment to driving financial inclusion and innovation in Africa.
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