Moniepoint Inc. has once again earned a spot on the Financial Times’ prestigious list of Africa’s Fastest Growing Companies, marking the third consecutive year the fintech giant has been recognized for its stellar growth and operational excellence.
The 2025 edition of the annual ranking — compiled by the Financial Times in partnership with research firm Statista — affirms Moniepoint’s status as a dominant force in Africa’s financial services landscape. The listing is based on rigorous analysis of companies’ revenue performance between 2020 and 2023, measuring both absolute revenue growth and compound annual growth rate (CAGR).
In a field crowded with contenders from sectors including technology, healthcare, telecoms, and financial services, Moniepoint stood out not only for its speed of expansion but also for its substantial 2023 revenue of $264.51 million — the highest among the top 25 ranked companies.
This milestone reinforces Moniepoint’s reputation as a scalable and resilient financial platform, known for seamlessly balancing growth with operational efficiency. The company processes over one billion transactions monthly, with a monthly payments volume exceeding $22 billion, and serves more than 10 million individuals and businesses across Nigeria.
Speaking on the recognition, Tosin Eniolorunda, Group CEO of Moniepoint Inc., expressed pride in the achievement:
“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 like to let statistics speak for themselves and accolades do not come much higher. Maintaining such rapid growth is only possible due to the hard work of the entire Moniepoint team – and I thank them all for their continued dedication.
“We are very excited about 2025. 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.”
The recognition caps off a banner year for Moniepoint, which in October secured $110 million in Series C funding, followed by a strategic investment from global payments leader Visa.
Beyond Africa, the company recently expanded its reach with the launch of MonieWorld, a new product tailored for the African diaspora in the UK. The solution allows UK-based customers to send money seamlessly to Nigeria, underscoring Moniepoint’s ambition to become a global fintech player.
The Financial Times accolade adds to a growing list of industry honors. Moniepoint was recently named Corporate Banking Leader and Best Digital Wallet at the IBSi Digital Banking Awards 2025. It also earned titles like Financially Inclusive Fintech of the Year by the Central Bank of Nigeria and Best Bank for SMEs at BusinessDay’s BAFI Awards.
Further cementing its global standing, Moniepoint has been featured three years in a row on CB Insights’ Fintech 100, a definitive list of the world’s most promising private fintech companies.
Moniepoint’s continued rise is powered by a strong commitment to inclusive innovation and delivering practical financial solutions that meet the needs of both urban and underserved populations — in Africa and beyond.
