Moniepoint Inc. has published its inaugural Impact Report, revealing that first-time access to formal credit is helping transform thousands of small businesses across Nigeria while expanding financial inclusion for underserved communities.
The report, titled Creating Financial Happiness, highlights the company’s evolution from a financial infrastructure provider into an integrated financial ecosystem serving more than 20 million individuals and businesses and processing over $250 billion in annual transaction value.
A key finding of the report is the growing impact of credit on micro, small and medium enterprises (MSMEs), which face an estimated $32.2 billion funding gap in Nigeria.
According to the report, Moniepoint disbursed more than $700 million in loans to MSMEs in 2025, with three out of every four beneficiaries accessing formal business credit for the first time.
The company said its lending model relies on proprietary transaction data to assess business cash flow and creditworthiness instead of traditional collateral requirements, enabling more small businesses to obtain financing.
It noted that businesses that received loans recorded a 36 per cent increase in average transaction value, while enterprises banking with Moniepoint supported more than eight million jobs during the year.
The report also highlighted the company’s increased support for women-owned businesses.
It revealed that lending to female entrepreneurs grew by more than 300 per cent in 2025, with women accounting for 36 per cent of Moniepoint’s loan portfolio, compared to the industry benchmark of between 15 and 25 per cent.
According to the findings, women borrowers recorded a default rate 2.5 times lower than men, while 62 per cent of surveyed female entrepreneurs said a Moniepoint loan was their first formal business loan.
Beyond lending, the report said the company’s financial services are expanding access to banking for underserved populations.
It disclosed that customers without smartphones completed transactions worth more than $170 million through Moniepoint’s USSD platform, while its point-of-sale terminals now operate across all 774 local government areas in Nigeria, serving about 100 million people in 2025.
The report further stated that 83 per cent of surveyed users reported an improvement in their quality of life, while 85 per cent expressed greater confidence in achieving their financial goals.
Speaking on the report, Co-Founder and Group Chief Executive Officer of Moniepoint Inc., Tosin Eniolorunda, said the company’s mission remains focused on expanding access to financial services across Africa.
He said 75 per cent of businesses that received loans from Moniepoint in 2025 had never previously accessed formal business credit, adding that the company significantly increased lending to women-owned enterprises because of their critical role in driving economic growth.
Eniolorunda noted that businesses supported through the company’s credit facilities have recorded measurable growth, while the enterprises it serves now sustain more than eight million jobs.
The report also highlighted Moniepoint’s expansion beyond Nigeria through the acquisition of Sumac Microfinance Bank in Kenya and the launch of Moniebook, a platform combining payments, bookkeeping and inventory management for small businesses.
In addition, it outlined the company’s investments in education, entrepreneurship, financial literacy and technology talent development through programmes such as Women in Tech and DreamDevs, as well as partnerships that supported subsidised food distribution to more than 800,000 people in northern Nigeria.
Moniepoint said it now employs more than 3,300 people across 10 countries and was recognised among TIME’s 100 Most Influential Companies in 2025 and the Financial Times’ list of Africa’s Fastest-Growing Companies.