Nigerian Foreign Affairs Minister, Ambassador Yusuf Maitama Tuggar, has praised Moniepoint Inc. as a “true Nigerian success story” during his visit to the company’s UK office.
This endorsement is a significant boost to Nigeria’s burgeoning fintech sector, emphasizing the country’s commitment to driving economic growth and innovation.
Ambassador Tuggar highlighted Moniepoint’s impressive growth, citing its 2000+ employees, thousands of sales personnel, and its empowerment of millions of businesses through enhanced financial inclusion. He also acknowledged the company’s status as a “fintech unicorn with a multibillion-dollar valuation.”
Moniepoint’s CEO, Tosin Eniolorunda, reiterated the company’s commitment to powering the dreams of millions of business owners while engineering financial happiness for all Africans.
He emphasized the importance of cross-border collaboration and strengthening Nigeria’s global partnerships.
As a leading fintech company, Moniepoint has received significant backing from global investors, including Google’s Africa Investment Fund, Visa, and BII.
The company processes over 1 billion transactions monthly, with a total payments volume exceeding $22 billion, enabling countless SMEs to digitize their operations and participate in the evolving African economy.
Moniepoint is the country’s largest merchant acquirer, powering the majority of Point of Sale (POS) transactions.
Moniepoint Inc has been recognized as Africa’s fastest-growing fintech in 2023 and 2024 by the Financial Times of London.
The company has also won several awards, including the National Inclusive Payment Initiative Award and Financially Inclusive Fintech of the Year from the Central Bank of Nigeria.
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