• Tosin Eniolorunda co-founded Moniepoint in 2015 to provide integrated financial services for businesses and consumers across Africa.

• The fintech offers payments, banking, bill payments, financial management tools and credit products tailored to small and medium-sized enterprises (SMEs).

• Eniolorunda built Moniepoint after gaining technical and operational experience at Interswitch, one of Africa’s leading payments companies.

Nigerian engineer Tosin Eniolorunda, a mechanical engineer by training and a prominent figure in Nigeria’s technology sector, serves as co-founder and chief executive officer of Moniepoint. The fintech, which launched in 2015, has established itself as a key player in Africa’s financial technology ecosystem by providing an integrated financial services platform for businesses and individuals.

Moniepoint has developed a robust infrastructure that simplifies day-to-day money management. Through a suite of intuitive digital tools, the platform enables users to make payments, manage bank accounts and settle bills. The fintech primarily targets small and medium-sized enterprises, which serve as major drivers of local economic activity. At the same time, the platform remains accessible to individuals for routine financial transactions.

Moreover, Moniepoint offers financing solutions designed to support SME growth. The company provides credit products that help businesses replenish inventory and fund commercial expansion.

In addition to transaction services, Moniepoint integrates advanced financial management tools into its platform. These features allow business owners to monitor expenses closely and improve the organization of their day-to-day finances. Consequently, users can manage both operational and financial activities through a single platform.

To support this volume of activity, the startup relies on advanced technology infrastructure capable of processing transactions at scale while maintaining reliability. By combining payments, banking services and operational tools, Moniepoint continues to pursue its mission of democratizing access to financial services and supporting economic activity among its users.

Eniolorunda built his entrepreneurial success on a strong academic foundation. He graduated from Obafemi Awolowo University in Nigeria with a bachelor's degree in mechanical engineering in 2007. He began his professional career in 2005 through an internship at Schlumberger. That experience paved the way for his move to Interswitch in 2009.

Eniolorunda spent six years at Interswitch before launching Moniepoint in 2015. During that period, he held positions including software engineer and operations manager. These roles enabled him to acquire the technical expertise and operational experience that later supported the creation and growth of Moniepoint.

This article was initially published in French by Melchior Koba

Adapted in English by Ange J. A de Berry Quenum