African Fintech Giant Ranked as Fastest-Growing
accolade in its annual “Africa’s Fastest Growing Companies” survey, released yesterday. It is the second consecutive year Moniepoint has achieved both the fastest-growing fintech milestone and ranked in Africa’s top four fastest-growing companies overall., a leading research company renowned for its insight into African companies’ actual performance, in a rigorous screening process.
Moniepoint’s growth rates of 7,979% and 332% ranked it ahead of hundreds of leading companies from diverse industries such as technology, telecoms, financial services, and healthcare. Moniepoint has long been one of Africa’s largest business payments platforms, processing over $182 billion for customers in 2023., offering reliable banking services to millions of individuals across Nigeria. It also doubled its global headcount, growing to over 1,800 employees by the end of 2023.
This recognition highlights Moniepoint’s success as Africa’s leading fintech, driving financial inclusion by empowering underserved businesses and individuals to access the formal financial system, contributing to a key goal of the Nigerian government.Group CEO for Moniepoint Inc., Tosin Eniolorunda, says, “We are thrilled to be recognised by the Financial Times as Africa’s fastest growing fintech for the second consecutive year.
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