• About
  • Advertise
  • Careers
  • Contact Us
Monday, June 23, 2025
  • Login
No Result
View All Result
NEWSLETTER
Tech | Business | Economy
  • News
  • Tech
    • DisruptiveTECH
    • ConsumerTech
    • How To
    • TechTAINMENT
  • Business
    • Telecoms
    • Mobility
    • Environment
    • Travel
    • StartUPs
      • Chidiverse
    • TE Insights
    • Security
  • Partners
  • Economy
    • Finance
    • Fintech
    • Digital Assets
    • Personal Finance
    • Insurance
  • Features
    • IndustryINFLUENCERS
    • Guest Writer
    • EventDIARY
    • Editorial
    • Appointment
  • TECHECONOMY TV
  • Apply
  • TBS
  • BusinesSENSE For SMEs
  • Chidiverse
  • News
  • Tech
    • DisruptiveTECH
    • ConsumerTech
    • How To
    • TechTAINMENT
  • Business
    • Telecoms
    • Mobility
    • Environment
    • Travel
    • StartUPs
      • Chidiverse
    • TE Insights
    • Security
  • Partners
  • Economy
    • Finance
    • Fintech
    • Digital Assets
    • Personal Finance
    • Insurance
  • Features
    • IndustryINFLUENCERS
    • Guest Writer
    • EventDIARY
    • Editorial
    • Appointment
  • TECHECONOMY TV
  • Apply
  • TBS
  • BusinesSENSE For SMEs
  • Chidiverse
No Result
View All Result
Tech | Business | Economy
No Result
View All Result
ADVERTISEMENT
Home Economy Fintech

Moniepoint Expands Access for underbanked SMEs

… and individuals across Nigeria, reports TOBI ADETUNJI

by Techeconomy
January 16, 2024
in Fintech
1
Moniepoint makes the CB Insights Fintech 100 -
Moniepoint PoS

Moniepoint PoS

UBA
Advertisements

As the wider world continues to rapidly embrace digital payments, access to financial services has become critical for businesses and to thrive.

But for the underbanked and underserved, especially in rural areas, this access remains a major hurdle.

According to the latest research released by EFInA in its Access to Financial Services in Nigeria survey, approximately 40 million adult Nigerians remain formally excluded even though we have seen a leap in formal financial inclusion as it grew from 56% (2020) to 64% (2023).

Felix Ike, CTO CoFounder Moniepoint
Advertisements
MTN ADS
Felix Ike, CTO/Co-Founder, Moniepoint

With the shift from traditional to digital transactions gaining some fillip, Africa’s leading fintech, Moniepoint recognizes the challenges posed by this digital shift, particularly for the underbanked communities.

According to Felix Ike, CTO and co-founder of Moniepoint, who emphasizes the company’s mission:

“Our guiding principle is financial happiness for everybody. Even if you are underbanked and in a far flung and remote area, you should be getting access to the best financial products available.”

Moniepoint’s comprehensive financial services platform provides underbanked and underserved SMEs and individuals with a one-stop solution for payment processing, access to credit, and streamlined operations in powering their dreams.

Its unique approach combines technology with a robust network of local merchants and offline engagement team across every nook and cranny of Africa’s political and economic powerhouse.

Having evolved from its roots as TeamApt, where it initially focused on automating back-end processes for banks, Moniepoint’s founders saw an opportunity to make a direct impact on people’s lives with the solutions they were creating.

This in turn has heralded the global fintech’s emergence as a truly transformative force for good.

“With Google Cloud’s infrastructure solutions, we’ve been able to quickly and reliably scale our platform to reach millions of customers, process billions in transactions, and expand economic opportunities. This flexibility allows us to adapt and expand rapidly without compromising performance or security,” Ike said.

The company’s growth is also creating sustainable employment opportunities, with thousands of direct hires across Nigeria and millions more jobs supported indirectly through the growth of Moniepoint’s business customers.

As Moniepoint expands to serve individuals as well as SMEs with credit facilities, savings and other exciting products, it aims to empower even more underbanked communities by ensuring access to modern, digital financial services.

Loading

Author

  • Techeconomy
    Techeconomy

    View all posts
0Shares
Tags: EFInAFelix IkeMoniePoint
Techeconomy

Techeconomy

Next Post
Enterprise connectivity by CRAIG BLIGNAUT of VOX

Wading through Complexity: Enterprise Connectivity Doesn’t Need Vellies or Welliest

Comments 1

  1. Pingback: Okechukwu Eke Moniepoint's General Counsel, Others Named in Legal 500's Inaugural GC Powerlist for Nigeria - Tech | Business | Economy

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

I agree to the Terms & Conditions and Privacy Policy.

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Recommended

Nearpays wins at GITEX Africa

Nigerian Startup Nearpays Wins Big at GITEX Africa

2 years ago
Business tips for entrepreneurship | entrepreneur mindset

Developing Entrepreneur Mindset

3 months ago

Popular News

    Connect with us

    • About
    • Advertise
    • Careers
    • Contact Us

    © 2025 TECHECONOMY.

    No Result
    View All Result
    • News
    • Tech
      • DisruptiveTECH
      • ConsumerTech
      • How To
      • TechTAINMENT
    • Business
      • Telecoms
      • Mobility
      • Environment
      • Travel
      • StartUPs
        • Chidiverse
      • TE Insights
      • Security
    • Partners
    • Economy
      • Finance
      • Fintech
      • Digital Assets
      • Personal Finance
      • Insurance
    • Features
      • IndustryINFLUENCERS
      • Guest Writer
      • EventDIARY
      • Editorial
      • Appointment
    • TECHECONOMY TV
    • Apply
    • TBS
    • BusinesSENSE For SMEs

    © 2025 TECHECONOMY.

    Welcome Back!

    Login to your account below

    Forgotten Password?

    Retrieve your password

    Please enter your username or email address to reset your password.

    Log In
    Translate »
    This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.