As a testament to its market dominance, Moniepoint, Africa’s fastest-growing financial institution, was named the 2nd International Financial Inclusion Conference’s (IFIC) Financially Inclusive Fintech of the Year.
Deputy Governor, Financial System Stability, Central Bank of Nigeria, Philip Ikeazor, Director-General, National Pension Commission (PenCom), Omolola Oloworaran, Country Manager and Area Business Head for West Africa, Mastercard, Folasade Femi-Lawal, and Chairman of the Committee of e-Business Industry Heads (CeBIH), Ajibade Laolu-Adewale, were among the important figures in the financial services sector who attended this esteemed event hosted by the Central Bank of Nigeria (CBN).
This year’s conference, with the theme “Inclusive Growth: Harnessing Inclusion for Economic Development,” brought together leaders of the industry, policymakers, and experts from around the world to discuss ways to promote financial access and economic development.
Along with its innovative products and solutions that bridge gaps and offer a safe, quick, and transparent means to access digital financial services, Moniepoint was recognised for its outstanding contributions and nationwide impact in advancing financial inclusion across underprivileged groups. Along with this honour, Moniepoint hasseveraler of other industry awards in recent weeks, solidifying its standing as a pioneer in promoting economic empowerment and financial inclusion in Nigeria.
Tosin Eniolorunda, CEO of Moniepoint Inc., commented on the honours and victories, saying: “These recognitions underscore our commitment to engineering financial happiness via solutions that empower individuals, small businesses and communities at large. At Moniepoint, we believe that financial inclusion is not just a goal but a necessary foundation for sustainable economic growth and development. We are honored to contribute and support the Federal Government’s aspirations and agenda to become a trillion dollar economy by 2030 and we remain dedicated to making a meaningful impact.
“The laurels and accolades are a strong validation of the hard work and dedication that our DreamMakers put into powering the dreams of millions of Nigerians, and it will continue to fuel our passion for driving excellence in Nigeria’s financial services sector. It’s just Day One for us and we will continue to develop solutions that make financial services more accessible to all,” Eniolorunda added.
In the seventh edition of CB Insights’ annual Fintech 100, which ranks the 100 most promising private fintech businesses globally and characterises them as high-momentum firms influencing the future of financial services, Moniepoint Inc. achieved an unusual hat-trick by being ranked for the third consecutive year.
BrandSpur banking and finance news reports that in the 12th year of the prestigious BusinessDay Banks & Other Financial Institutions BAFI Awards 2024, which honours innovation and excellence in the financial services industry and recognises the organisations that have raised the bar for leadership, performance, and customer service, Moniepoint Microfinance Bank took home the title of “SME Microfinance Bank of the Year,” while Tosin Eniolorunda was named the Fintech CEO of the Year.
In addition to winning the award for Overall Best OFI in Digital Banking Solution Delivery (Vision Category) at the NEXUS 2024 Gala and Awards Night hosted by Qore, a leading fintech infrastructure and Banking-as-a-Service platform provider, Moniepoint was recognised for Best Digital and Best Website in the Microfinance Bank sector at the Phillips Consulting (pcl.) Digital Jurist Awards 2024, which honours the outstanding accomplishments of organisations that have exemplified innovation and excellence in leading digital transformation across various sectors in Nigeria.
Since 2019, 10 million businesses and individuals in Africa have benefited from Moniepoint Inc.’s comprehensive financial ecosystem, which includes banking, credit, business management tools, and easy payments. It powers the majoritpoint-of-sale Sale (POS) transactions in Nigeria and is the biggest merchant acquirer in the nation.
However, Moniepoint Inc. operates profitably and processes $17 billion for its clients each month through its subsidiaries.
