Moniepoint Inc.

Moniepoint (formerly TeamApt) is a Nigerian fintech company based in Lagos that provides banking services and loans via an online banking app. The company was founded by Tosin Eniolorunda and Felix Ike in 2015.

Foundation
Moniepoint was founded in 2015 by business executives Tosin Eniolorunda and Felix Ike. It was initially founded under the name, TeamApt. In 2019, Moniepoint received a switching license from the Central Bank of Nigeria. In July 2023, the company launched a personal banking service.

Fundraising
In 2019 Moniepoint announced funding of $5.5 million in a Series A fundraising from Quantum Capital Partners. In 2021, the company announced an undisclosed capital in a Series B Funding round led by Novastar Ventures. It also fundraised the $50 million in pre-series C funding led by QED investors. In March 2023, Moniepoint led the $3 million seed investment round for Nigerian neobank Payday.

Recognition
In 2022, Moniepoint was named one of the most promising fintech startups by CB Insights, and won the Financial Inclusion Award in 2022.

In 2023 Moniepoint got listed by the Financial Times as the second-fastest growing company in Africa, awarded the Rising Star Family Business award organized by Business Day`s "My Family My Business", and PwC Nigeria.