Moniepoint Inc. announces it has been ranked by the Financial Times as one of Africa’s fastest-growing companies for the third consecutive year, reinforcing its rapid growth as one of the continent’s leading financial institutions for Africans, everywhere.
The recognition highlights Moniepoint’s continued ability to achieve strong, scalable growth. Moniepoint distinguishes itself by maintaining operational efficiency while accelerating its expansion across the continent in a market where few companies successfully balance size with agility.
The world’s leading financial publication confirmed Moniepoint’s accolade in its annual “Africa’s Fastest Growing Companies” survey, released on 14 May 2025.
The survey was compiled by Statista, a leading research company renowned for its insight into African companies’ actual performance, after a rigorous screening process. Companies were ranked based on 2020-2023 data for their (i) absolute revenue growth rate and (ii) compound annual growth rate (CAGR).
Moniepoint’s growth rates ranked it ahead of hundreds of leading companies from diverse industries such as technology, telecoms, financial services, and healthcare. This achievement is amplified by Moniepoint’s considerable revenue for 2023 (US$264.51 million), unmatched by peers in the ranking’s top 25.
Moniepoint is one of Africa’s leading business payments and personal banking servicing platforms. It processes 1 billion+ transactions monthly, with a total monthly payment volume of over US$22 billion, and serves ten million businesses and individuals across Nigeria.
The accolade for actual performance highlights Moniepoint’s continued success as Africa’s leading fintech. It follows investor endorsement in October’s US$110 million Series C fundraise and subsequent investment from Visa, the global digital payments leader.
Tosin Eniolorunda, Group CEO of Moniepoint Inc., said:
“We are delighted to achieve the highest ranking 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 are not 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 ranking follows Moniepoint’s launch last month of its first product (MonieWorld) that serves clients outside Africa. Designed to meet the underserved needs of the UK’s African diaspora, MonieWorld is a remittance and digital financial services solution that allows UK customers to send money to Nigeria seamlessly.
