Moniepoint provides banking solutions through its financial platform for businesses. It provides payment services, banking, credit, and business management tools. It also supports businesses and enables business owners to access full-service technological solutions to grow, manage, and protect their businesses. It was formerly known as TeamApt. The company was founded in 2015 and is based in London, United Kingdom.
Moniepoint's Products & Differentiators
sent Today at 9:27 AM Monnify is a payment gateway for businesses to accept payments from customers, either on a recurring or one-time basis. Monnify offers an easier, faster and cheaper way for businesses to get paid on their web and mobile applications using convenient payment methods for customers with the highest success rates obtainable in Nigeria.
Research containing Moniepoint
Get data-driven expert analysis from the CB Insights Intelligence Unit.
CB Insights Intelligence Analysts have mentioned Moniepoint in 1 CB Insights research brief, most recently on Oct 4, 2022.
Expert Collections containing Moniepoint
Expert Collections are analyst-curated lists that highlight the companies you need to know in the most important technology spaces.
Moniepoint is included in 3 Expert Collections, including Digital Banking.
Companies and startups in this collection provide banking services to consumers and businesses, as well as enhance, automate, and/or digitize operations for banks and financial institutions.
Excludes US-based companies
250 of the most promising private companies applying a mix of software and technology to transform the financial services industry.
Latest Moniepoint News
Nov 17, 2023
Cellulant enters Egypt Privet, Let’s talk. How do you stay sane when it seems like you are losing it? I’m sure it’s not easy no matter where you are in the world. Here’s a short story: My aunt complained about the soaring costs of goods in the United States upon her return, only to discover that conditions in Nigeria were even worse. So, how do you cope? My story: I have not been feeling well lately. However, one of the reasons I keep pushing is my family and the few friends I’ve got. Advertisement Let me digress a little. I sent an Anonymous link out recently, and one person wrote how they wanted to commit suicide but couldn’t because of the few friends they have. Is this the reason you have been pushing, too? I can not describe how I feel, but it reminds me of how I felt in 2017. It was not fun, I assure you, and I don’t want to experience that again! So, let me know how you cope. Maybe one or two tips can help? By the way, irrespective of whatever you are going through, I want you to know that I, Victoria, care about you and am cheering you on. So, if you accept my love, please leave your house this weekend and spend time with friends or family. And if your loved ones are not available, go out and make a new friend. No indoor activities! 🙅 Just leave the house! Here's what I've got for you today: Paystack lays off 33 employees South Africans can withdraw crypto at ATMs Cellulant enters Egypt Paystack is reducing its headcount to scale back its activities outside of Africa. Per the company’s LinkedIn profile, it has between 51 and 200 employees. And the fintech is laying off 33 staff in Europe and the UAE. Affected team members will get severance packages, which include four months’ salary, accelerating equity vesting, and three months of health insurance. Founded in 2015 by Shola Akinlade and Ezra Olubi, Paystack sought to solve the challenge of online payment transactions in Africa. In the tweet announcing the layoffs, Akinlade said, “In the last 3 years, our hiring philosophy was to recruit great talent regardless of location, including opening an engineering hub in Dubai. “We’re changing our operating model to prioritise locating team members within the markets we serve, to localise costs and get closer to customers.” The company, which has been making progress in deepening its operations in Africa, operates in Nigeria, Ghana, South Africa, and Kenya . On November 2, 2023, Paystack announced that it had obtained the required licences to conduct business in Egypt and Rwanda. It also partnered with financial institutions to provide financial services in Côte d'Ivoire. On November 9, 2023, the Nigerian fintech startup launched a direct debit product that allows Nigerian businesses to charge customers’ bank accounts directly. Additionally, in October 2023, the company launched Paystack Virtual Terminal, a new product that enables physical stores to accept and confirm bank transfers. South Africans can withdraw crypto at ATMs Source: Paycorp on X South African fintech company, Paycorp, has rolled out CryptoExpress, a new app that allows users to withdraw their cryptocurrency as cash (South African rand) at about 3,000 ATMs in the country. CryptoExpress seamlessly integrates with several cryptocurrency wallets to enable withdrawals at Cash Express ATMs operated by ATM Solutions, a Paycorp subsidiary. Available for iOS and Android, CryptoExpress app has a feature that allows users to locate nearby Cash Express ATMs where they can cash out their Bitcoin, Ether, and stablecoins like USDC and Tether. How does it work? To get cash, users must first convert their cryptocurrency through the app, authorise the transaction in their cryptocurrency wallet, and then wait for CryptoExpress to send them a withdrawal voucher PIN. After that, they can visit any Cash Express ATM to get cash in South African Rand by entering their mobile number and the withdrawal voucher PIN. The company claims there are only about 30 Bitcoin ATMs operating in South Africa, and all of them are located in the country's major cities. Zoom out: South Africa, one of the three African nations that taxes cryptocurrencies , has recently partnered with 47 other nations to combat NFT and other cryptocurrencies traders that evade taxes. Cellulant enters Egypt The Egyptian government has permitted Cellulant to operate as a payment facilitator and service provider. Cellulant operates in 35 markets with licences and physical offices in 19 countries. It has the most extensive payment infrastructure in Africa, integrating over 370 payment methods. According to the 2022 Mastercard New Payment Index (pdf), 88% of Egyptians have used one or more emerging payment methods, and usage is expected to rise. Consumers are acceesing more channels for making purchases, so companies must also offer more diverse and locally relevant payment options. Ahmed Marwan, General Manager of Cellulant for Egypt and North Africa, reports that the company intends to increase its efforts to provide dependable payment options to businesses in the region. In case you missed it What I'm reading and watching How physical inactivity increases the prevalence of mental illnesses in the digital age Are You Really As Good at Something As You Think? Opportunities Prembly is hiring for multiple roles. Apply here . Moniepoint Kenya is hiring a Head of Data and Marketer. Moniepoint Nigeria is looking for who to fill in several roles, including Financial and Operations Auditng, IT & Data Privacy Compliance Auditing, Financial Accounting Management, Data Engineering, and Creative and Digital Marketing. Apply here . Moniepoint is hiring a Technical Product Manager. Apply here . Lendsqr is hiring a Product Performance Analyst. Apply here . Moniepoint is looking for a remote Senior Backend Engineer (Java). Apply here . Quidax is hiring a Customer Success Intern. Apply here . Circle is hiring a Senior Front-end Engineer (remote). Apply here . Cloudfare is looking for experienced people to fill these remote roles: Accounting & Finance, Software Development, Sales, Marketing, Customer Support, Product, and Security. Apply here . Moniepoint is hiring a Hardware Engineer. Apply here . Koynov, a Nigerian fintech, is looking for a Digital Marketing Expert and Customer Support Representative. Apply here . If you're in Rwanda, apply for Andela Technical Leadership Program - Cohort 30 by November 17, 2023 here . Apply for the Women Who Code fellowship by November 25, 2023 here . Do you live in Nigeria and work with a local or foreign company? Whether it's remotely, on-site, hybrid, full-time, part-time or as a freelancer, @TheIntelpoint is trying to understand the Nigerian workspace: how you work, and toxicity in the workspace among others. Please, fill out the questionnaire here. If you are a software engineer, creative designer, product manager, design researcher, or a techie looking for an internship role, please, check out this website . Have a fun weekend!
Moniepoint Frequently Asked Questions (FAQ)
When was Moniepoint founded?
Moniepoint was founded in 2015.
Where is Moniepoint's headquarters?
Moniepoint's headquarters is located at 241, Southwark bridge road, London.
What is Moniepoint's latest funding round?
Moniepoint's latest funding round is Series B - II.
How much did Moniepoint raise?
Moniepoint raised a total of $57.5M.
Who are the investors of Moniepoint?
Investors of Moniepoint include Novastar Ventures, British International Investment, QED Investors, Lightrock, Oui Capital and 8 more.
Who are Moniepoint's competitors?
Competitors of Moniepoint include FairMoney and 4 more.
What products does Moniepoint offer?
Moniepoint's products include Monnify.
Who are Moniepoint's customers?
Customers of Moniepoint include Fair Money and Konga.
Compare Moniepoint to Competitors
Opay operates as a company in the financial technology sector, with a focus on providing digital banking solutions. The company offers services such as easy money transfers, bill payments, and the provision of debit cards, all aimed at simplifying financial transactions for its users. It primarily serves the financial services industry. The company was founded in 2018 and is based in Lagos, Nigeria.
Interswitch is a technology-driven company focused on payments and digital commerce in the financial technology sector. The company offers a range of services including everyday payment solutions for individuals, business transaction processing for SMEs and corporates, mobile financial services, and industry-focused payment solutions. Its primary market includes individuals, small and medium enterprises, and various industries across Africa. It was founded in 2002 and is based in Lagos, Nigeria.
Flutterwave operates as a financial technology company. The company provides a variety of payment solutions, including online payment acceptance, cross-border payouts and transfers, currency swapping, and point-of-sale (POS) systems. It primarily serves businesses, individuals, and startups, particularly in emerging markets. It was founded in 2016 and is based in San Francisco, California.
Prophius is a technology company focused on enabling commerce for businesses. The company offers a platform that allows businesses to manage their operations and accept various types of payments in a simple and efficient manner. It also provides a service platform for financial businesses looking to extend their services. It is based in Lagos, Nigeria.
MIPS is a technology provider focused on facilitating technical integrations between merchants' digital ecosystems and payment providers in the digital payments industry. The company's main service is to simplify the technical and administrative relations between banks, financial institutions, payment services providers, or payment gateways, and to orchestrate other technical tools used in the merchant's ecosystem. MIPS primarily serves the ecommerce industry, providing solutions for businesses ranging from hotels and tour operators to insurers and retailers. It was founded in 2015 and is based in Floreal, Mauritius.
Flexpay operates as a digital platform focused on retail and finance solutions. It provides a save-to-buy service that encourages customers to save money for their desired purchases, collaborating with retailers, brands, marketplaces, and banks to increase customer retention and sales. The company primarily serves the retail industry. The company was founded in 2015 and is based in Nairobi, Kenya.