How Moniepoint Became One of Africa’s Most Valuable Fintechs

Moniepoint became one of Africa’s most valuable fintechs by building financial infrastructure for the continent’s overlooked informal economy. Founded in 2015 as TeamApt, the company pivoted from selling software to banks toward empowering micro, small, and medium enterprises (MSMEs). By deploying dependable Point-of-Sale (POS) terminals and establishing a massive agency banking network, it bridged the gap where traditional banking systems failed.

Unlike many competitors, Moniepoint Group prioritised sustainable profitability while scaling. By processing over $250 billion in annual transaction volume and expanding into business credit, the company secured a $1 billion unicorn valuation during its 2025 Series C funding round.