Nigerian fintech firm Moniepoint, led by entrepreneur Tosin Eniolorunda, posted a $1.2 million loss in its UK operations while preparing for a full 2025 launch.
The UK arm, Moniepoint GB, didn’t generate revenue between February and December 2024 and relied on support from its Nigerian parent company, which plans further capital injections as the business grows.
Moniepoint GB currently holds £7.3 million ($9.8 million) in share capital, providing a financial cushion for early-stage operations.
Moniepoint expanded its European presence with the acquisition of Bancom Europe in July 2025. Bancom, an FCA-authorized e-money institution, allows Moniepoint to operate across the European Economic Area without additional local licenses.
Under Eniolorunda, Moniepoint has become one of Nigeria’s leading fintech firms, serving over 600,000 businesses and processing $22 billion in monthly payments.
The company also recently extended its reach into Kenya and has a $1 billion valuation following a $110 million Series C funding round.
