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2 clusters · 3 sources · 28 days · First seen · Last updated

Moniepoint financial services expansion in Africa

Overview

Moniepoint has expanded its financial services and impact across Africa, specifically targeting small businesses and individual savings resilience in Nigeria.

In 2025, the fintech company disbursed over $700 million in loans to Nigerian micro, small and medium-size enterprises (MSMEs), with three-quarters of those borrowers receiving formal business credit for the first time. The company reported that its ecosystem serves over 20 million businesses and individuals and has expanded into East Africa through the acquisition of Sumac Microfinance Bank in Kenya.

Building on this footprint, Moniepoint Microfinance Bank launched a new line of flexible savings products under the ‘One Step Ahead’ campaign. These products are designed to help Nigerians manage economic uncertainty and unexpected expenses, which a company survey indicated disrupt the savings plans of 72.8% of individuals.

Entities

Funke Akindele · Moniepoint Microfinance Bank · Babatunde Olofin

Timeline

  1. 23 days ago

    [BUSINESS] 3 sources
    Moniepoint Microfinance Bank launches new savings products in Nigeria

    Moniepoint Microfinance Bank has launched flexible new savings products and the ‘One Step Ahead’ campaign to help Nigerians manage unexpected expenses and irregular income.

  2. about 2 months ago

    [BUSINESS] 10 sources
    Moniepoint disburses $700 million to Nigerian MSMEs, boosting jobs and first‑time credit

    Moniepoint lent over $700 million to Nigerian MSMEs in 2025, with three‑quarters getting first‑time formal credit, boosting transaction values 36% and supporting >8 million jobs; women borrowers made up 36% of

Sources

businesselitesafrica.com · newswings.com.ng · thisdaylive.com