--- description: Moniepoint: 2025 TIME100 Most Influential Companies title: TIME100 Most Influential Companies 2025: Moniepoint image: https://static.time.com/v3/assets/bltea6093859af6183b/blt9a840cfce3decffe/6998c73b1500fbef04aa6540/250707_T100Companies_MoniePoint.jpg?branch=production&width=3840&quality=75&auto=webp&crop=16:9 --- Jun 26, 2025 # Moniepoint Processing Africa’s payments by [Novid Parsi](/author/novid-parsi/) ## Novid Parsi Update your preferences in [Account Settings](/account/preferences/) Close  Moniepoint CEO Tosin Eniolorunda Moniepoint CEO Tosin EniolorundaCourtesy Moniepoint Ninety percent of Nigeria’s 40 million small and medium-sized enterprises operate in the informal economy, relying on cash payments and facing barriers to credit and growth. Africa’s fastest-growing fintech, and the [continent’s fourth fastest-growing company overall](https://www.ft.com/content/a1bc5d2e-046e-499b-b27e-4d057f9d8477 "undefined"), Moniepoint provides these businesses with a range of banking services, helping them emerge from the shadow economy. “For us, ‘financial inclusion’ isn’t just a buzzword—it’s the difference between survival and growth,” says CEO and cofounder Tosin Eniolorunda. With over 10 million customers (including both businesses and individuals), the Nigeria-based startup enables most of the country’s point-of-sale transactions—over 1 billion transactions monthly. The decade-old company achieved unicorn status last fall, with investors including Visa and Google’s Africa Investment Fund, recently received approval to acquire a 78% stake in Kenyan bank Sumac, and plans to expand to the rest of Africa. ```json [{"@context":"https://schema.org","@type":"Article","@id":"https://time.com/collections/time100-companies-2025/7289615/moniepoint/","mainEntityOfPage":{"@type":"WebPage","@id":"https://time.com/collections/time100-companies-2025/7289615/moniepoint/"},"headline":"Moniepoint","datePublished":"2025-06-26T11:30:57.000Z","dateModified":"2026-03-03T00:50:12.345Z","description":"","url":"https://time.com/collections/time100-companies-2025/7289615/moniepoint/","keywords":["Companies2025","list","franchise","Magazine","Special Project","sponsorshipblock","Accolades"],"thumbnailUrl":"https://static.time.com/v3/assets/bltea6093859af6183b/blt9a840cfce3decffe/6998c73b1500fbef04aa6540/250707_T100Companies_MoniePoint.jpg?branch=production&width=1200&quality=75&auto=webp&crop=1200:675&height=675","author":[{"@type":"Person","name":"Novid Parsi","jobTitle":null,"url":"https://time.com/author/novid-parsi/"}],"creator":"Novid Parsi","articleSection":"Business","image":[{"@type":"ImageObject","url":"https://static.time.com/v3/assets/bltea6093859af6183b/blt9a840cfce3decffe/6998c73b1500fbef04aa6540/250707_T100Companies_MoniePoint.jpg?branch=production&width=1200&quality=75&auto=webp&crop=1200:675&height=675","width":1200,"height":675}],"publisher":{"@type":"Organization","name":"Time","url":"https://time.com/","logo":{"@type":"ImageObject","url":"https://time.com/images/logo.png","width":528,"height":156},"foundingDate":"March 3, 1923","sameAs":["https://www.facebook.com/time","https://www.instagram.com/time/?hl=en","https://twitter.com/time","https://www.pinterest.com/timemagazine"]}},{"@context":"https://schema.org","@type":"BreadcrumbList","itemListElement":[{"@type":"ListItem","position":1,"item":{"@id":"/section/business/","name":"Business"}},{"@type":"ListItem","position":2,"item":{"@id":"/tag/companies2025/","name":"Companies2025"}},{"@type":"ListItem","position":3,"item":{"@id":"https://time.com/collections/time100-companies-2025/7289615/moniepoint/","name":"Moniepoint"}}]}] ```