Moniepoint Reigns as CBN’s Financial Inclusion Champion
L-R Omolola Oloworaran, Director-General, National Pension Commission (PenCom); Babatunde Olofin, Managing Director, Moniepoint Microfinance Bank and Titilola Shogaolu, Managing Director, Interswitch Financial Inclusion Services during the presentation of Award to Moniepoint as Financial Inclusion Champion at the 2nd International Financial Inclusion Conference 2024 in Lagos
Moniepoint Inc., Africa’s fastest-growing financial institution, has been crowned the Financially Inclusive Fintech of the Year at the Central Bank of Nigeria’s (CBN) 2nd International Financial Inclusion Conference (IFIC). The event, themed “Inclusive Growth: Harnessing Inclusion for Economic Development,” brought together policymakers, global experts, and industry leaders to strategize on advancing financial access for economic progress.
The recognition reflects Moniepoint’s remarkable strides in promoting financial inclusion across underserved communities in Nigeria. Its innovative solutions have not only bridged gaps in financial accessibility but have also offered a secure, transparent, and efficient platform for digital transactions.
Moniepoint CEO Tosin Eniolorunda lauded the achievement, stating, “These recognitions underscore our commitment to engineering financial happiness via solutions that empower individuals, small businesses, and communities at large. Financial inclusion is not just a goal but a foundation for sustainable economic growth.”
Highlighting the company’s support for national economic aspirations, Eniolorunda added, “We are honoured to contribute to the Federal Government’s agenda of becoming a trillion-dollar economy by 2030. The laurels validate the dedication of our DreamMakers and fuel our passion for excellence in Nigeria’s financial sector.”
The fintech giant has recently secured a series of accolades, bolstering its reputation as a leader in financial inclusion. For the third consecutive year, Moniepoint featured in CB Insights’ annual Fintech 100, recognising the world’s most promising private fintech companies.
At the BusinessDay Banks & Other Financial Institutions (BAFI) Awards 2024, Moniepoint Microfinance Bank clinched the “SME Microfinance Bank of the Year” award, with Eniolorunda named Fintech CEO of the Year. Furthermore, at the Phillips Consulting Digital Jurist Awards, Moniepoint was honoured for Best Digital and Best Website in the Microfinance Bank sector. It also secured the “Overall Best OFI in Digital Banking Solution Delivery (Vision Category)” at the NEXUS 2024 Gala.
Since its inception in 2019, Moniepoint has emerged as Nigeria’s largest merchant acquirer, facilitating seamless payments, banking, credit, and business management tools. The company processes $17 billion monthly for over 10 million customers while maintaining profitability.
With its impressive portfolio of achievements, Moniepoint continues to set benchmarks in Nigeria’s financial ecosystem, proving that financial inclusion is key to driving economic transformation.
