Moniepoint was co-founded in 2015 by Tosin Eniolorunda and Felix Ike. Since its inception, Tosin Eniolorunda remains the CEO of the fintech company.
Tosin Eniolorunda and Felix Ike initially founded Moniepoint under the name TeamApt. In 2019, the company received a Switching Licence from the Nigeria's Apex Bank.
In January 2023, TeamApt was rebranded to become Moniepoint. And in July same year, the fintech company rolled out personal banking services with mobile banking application.
Since the rebrand, Moniepoint has been operating under Moniepoint INC as it legal and company's business name.
Moniepoint owners and net worths
Moniepoint wasn't founded by a single owner, but by two business executives: Tosin Eniolorunda and Felix Ike. They launched the company in 2 so it's a joint effort. They started under the name TeamApt in 2015 and later rebranded to Moniepoint.
However, for people seeking to know Tosin Eniolorunda and Felix Ike net worth, unfortunately, there isn't publicly available information on the net worth of Tosin Eniolorunda and Felix Ike, the co-founders of Moniepoint.
Although, Moniepoint is a successful finance technology company in Africa processing billions of dollars in transactions monthly, but it's worthnoting that an individual's net worth isn't directly tied to the company's valuation.
Factors like their ownership stake, personal investments, and lifestyle choices would all play an important role in determining their net worth.
Moniepoint Valuation in 2024
In 2024, Moniepoint's valuation has not been explicitly disclosed, but it is evident that the company has continued to grow significantly. After raising a total of $85.6 million in funding over several rounds, including a $50 million Series B round in 2022, Moniepoint has maintained its upward trajectory.
Moniepoint has also been actively expanding and solidifying its presence in the fintech industry through strategic acquisitions and investments, such as acquiring Kopo Kopo in August 2023 and investing in Payday earlier in the year.
Moniepoint's ambition to achieve unicorn status has been clear, and with its robust growth in transaction volumes and expanded services, Moniepoint appears to be well on its way to reaching this milestone. The rebranding from TeamApt to Moniepoint further reflects the company's strategy to enhance its market presence and operational efficiency.
In a nutshell, Moniepoint exact valuation figure for 2024 is not provided, Moniepoint's continued growth and strategic developments suggest it is approaching or has potentially reached a billion-dollar valuation.