5 things Moniepoint’s 2025 numbers tell us about Nigeria’s fintech ecosystem

At first glance, Moniepoint’s 2025 Year in Review reads like a standard fintech success story. The company disbursed over ₦1 trillion in credit to businesses, processed ₦412 trillion in transaction value, and now powers 8 out of every 10 in-person POS payments in Nigeria.

However, taken together, these figures tell a deeper story about how Nigeria’s fintech ecosystem is evolving, and how some platforms are transitioning from service providers to becoming a financial infrastructure.

1. From fintech product to everyday necessity

POS payments sit at the centre of Nigeria’s retail economy. From roadside fuel stations and neighbourhood supermarkets to open-air markets, POS terminals are how most small businesses accept digital payments.

When one company says it now handles roughly 80% of those transactions, it suggests that everyday commerce increasingly depends on a single set of systems.

At that level, reliability becomes more important than speed or innovation. Any prolonged outage would not only inconvenience users; it would interrupt trade across thousands of communities. This is what separates infrastructure from optional products. People do not notice it until it stops working.

Moniepoint’s scale shows how deeply fintech has embedded itself into daily economic life, especially among small and informal businesses that were historically excluded from formal banking services.

2. Credit built on payment flows

The ₦1 trillion credit figure is closely tied to Moniepoint’s dominance in payments. According to the company, loans were extended to businesses such as provision stores, supermarkets, and building materials sellers, with beneficiaries recording an average growth rate of over 36%.

Rather than relying on traditional collateral or credit histories, Moniepoint says it uses transaction data (how often a business sells, how consistent its revenue is, and how money moves through its POS terminals) to assess risk. This model allows credit to reach businesses that banks often overlook.

It also creates a strong link between payments and lending. The more transactions a business processes through Moniepoint, the more data the company has, and the more accurately it can price loans. Over time, this can make one platform central not just to how businesses get paid but to how they access working capital.

For many small traders, fintech credit is survival capital, used to restock, cover short-term gaps, or smooth cash flow in a volatile economy.

3. What the data says about small businesses

Moniepoint’s savings data offers further insight into how small businesses actually use fintech tools. The company says most users save daily, with funds mainly earmarked for business operations, rent, and education.

This pattern suggests that fintech platforms are helping users manage immediate obligations rather than accumulate long-term wealth. In practical terms, fintech has become a financial management layer for informal businesses, helping them cope with uncertainty rather than eliminating it.

That role is critical in an economy where most workers operate outside formal employment and lack access to stable income or credit.

4. Scale changes the conversation

None of this implies that Moniepoint’s growth is problematic. The numbers reflect real demand and real gaps in Nigeria’s financial system. But scale changes the questions that need to be asked.

When one company combines merchant acquiring, payment processing, switching, lending, and savings and processes hundreds of trillions of naira annually, the conversation shifts from disruption to resilience. How robust are the systems behind this scale? How diversified is the risk? And how prepared are regulators for platforms that cut across multiple financial functions at once?

Traditional regulatory frameworks were designed for banks, payment processors, or lenders as separate entities. Fintech platforms increasingly blur those lines.

5. Infrastructure brings responsibility

Moniepoint’s expansion beyond Nigeria, including the launch of MonieWorld in the UK, suggests an effort to diversify revenue and tap into diaspora remittance flows. At the same time, the company has secured Mastercard and Visa processing licences, further entrenching its role in the payments stack.

These moves reinforce a central reality, which is that fintech entities are no longer operating at the edges of the financial system. They are shaping how money moves, how credit is distributed, and how small businesses stay afloat.

As fintech platforms grow into infrastructure, expectations change. Growth remains important, but stability, oversight, and accountability become equally critical.

Tosin Eniolorunda and Felix Ike, Moniepoint co-founders

The real story behind the numbers

Moniepoint’s 2025 figures are impressive on their own. But their real significance lies in what they reveal about Nigeria’s financial future. Fintech is no longer just filling gaps left by banks; it is becoming the system many businesses rely on by default.

Once a company reaches that point, the story is no longer only about how fast it is growing. It is about how safely, reliably, and transparently it can carry the weight of an economy that increasingly depends on it.

That is what Moniepoint’s numbers truly show, and why they deserve more than a passing glance.

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