Moniepoint Inc., the financial technology company powering payments and banking for millions across Africa, has released its first-ever Impact Report and the report reveals that access to credit is opening doors for business owners who had never received a formal loan before.
The report, titled “Creating Financial Happiness,” shows that the company now serves over 20 million people and businesses across the continent, processing more than $250 billion in transactions each year. What started as a financial infrastructure provider has grown into a full-service platform offering banking, payments, credit, and business management tools.
Perhaps the most striking finding in the report centres on access to credit. In 2025 alone, Moniepoint handed out more than $700 million in loans to small and medium-sized businesses. For three out of every four business owners who received these loans, it was the first time their enterprise had ever accessed formal credit. The impact was clear, businesses that took Moniepoint loans saw their average transaction value jump by 36 percent, showing that when small businesses get funding, they grow.
The company also made a strong push to support women entrepreneurs. Lending to female-owned businesses increased by over 300 percent in 2025. Women now make up 36 percent of Moniepoint’s loan portfolio, significantly higher than the industry average of 15 to 25 percent. For nearly two-thirds of the women surveyed, the Moniepoint loan was their first-ever formal business financing. The report noted that women entrepreneurs are 2.5 times less likely to default on loans than their male counterparts, yet many remain locked out of traditional banking.
Tosin Eniolorunda, Co-Founder and Group CEO of Moniepoint Inc., said the report shows how much untapped potential exists across Africa.
“For so many of the entrepreneurs we lent to last year, ours was the first formal loan their business had ever received, a reminder of how much untapped potential exists across the continent. This potential is unlocked when access to credit is no longer a barrier,” he said.
Eniolorunda added that the company’s goal remains unchanged from what it set out to achieve ten years ago: building the infrastructure needed to bring financial services to everyone.
Beyond lending, the report highlights Moniepoint’s investments in people and communities. The company runs training programmes such as Women in Tech and DreamDevs to create employment pathways in engineering. It also supports STEM education, financial literacy training, and programmes for underserved children, reaching tens of thousands of beneficiaries across Africa.
Moniepoint which was named one of TIME’s 100 Most Influential Companies in 2025 and has been consistently recognised by the Financial Times as one of Africa’s Fastest-Growing Companies, now employs more than 3,300 people across 10 countries.
