Moniepoint: Top African Growth, Again!

Financial Times Honors Fintech Giant for Consistent Impact and Expansion

Oluwatobiloba Adekunle May 16, 2025

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Moniepoint Ranked Among Africas Fastest Growing Companies Again/ image: marketforces africa

Moniepoint Inc. has again been ranked by the Financial Times as one of Africa’s fastest-growing companies, marking a third consecutive year of recognition.

In a statement on Thursday, the company said the honour reflects its consistent impact on African businesses since first being listed in 2023.

The accolade was announced in the Financial Times’ annual ‘Africa’s Fastest Growing Companies’ survey, released on Wednesday.

Tosin Eniolorunda and Felix Ike, Co-Founders, Moniepoint Inc../image: NAN

Group CEO, Tosin Eniolorunda, expressed pride at the continued recognition by one of the world’s leading financial publications.

“We let the numbers speak. This growth reflects the tireless effort of the entire Moniepoint team – I’m truly grateful.

“We’re excited about 2025, as we roll out innovations that deepen financial inclusion and promote financial happiness across Africa and globally,” he said.

The report was compiled by Statista, a respected research firm known for its rigorous assessment of African corporate performance.

Rankings were based on 2020–2023 data, focusing on absolute revenue growth and compound annual growth rate (CAGR).

Moniepoint’s results placed it ahead of hundreds of firms across sectors, including tech, telecoms, financial services, and healthcare.

Since 2023, Moniepoint has expanded rapidly, delivering digital financial solutions and infrastructure to millions of individuals and businesses across Africa.

Its 2023 revenue of US$264.51 million sets it apart from others listed in the top 25 companies.

The company now processes over a billion transactions monthly, with payment volumes exceeding US$22 billion, serving over ten million users.

In April 2025, Moniepoint launched MonieWorld, its first product tailored for users outside Africa.

MonieWorld is a remittance and digital service platform serving the UK’s African diaspora, allowing seamless money transfers to Nigeria.

The firm also recently received two IBS Intelligence Digital Banking Awards – for Corporate Banking and Digital Wallets.

It was named Financially Inclusive Fintech of the Year by the Central Bank of Nigeria at IFIC 2024.

Also, it won Best Bank for SMEs at the BusinessDay Awards, further cementing its industry leadership. (NAN)