Tosin Eniolorunda’s Moniepoint Main Nigeria’s Fintech

Tosin Eniolorunda, founder, and CEO of Moniepoint Inc., has been breaking new boundaries and upscaling his firm within the Nigerian monetary expertise business.

Eniolorunda began out his profession at Interswitch, a number one built-in cost and transaction firm in Nigeria, as a Senior Software program Engineer in 2009.

Having spent three years on the firm, he was promoted to unit head at Interswitch accountable for Business Verticals and Options, and later to the place of product supervisor. Throughout the years, he was honing his management and managerial expertise and broadening his information of the African monetary expertise business.

In 2015, Eniolorunda based Moniepoint Inc (previously Apt Inc.), a fintech firm targeted on offering monetary options for companies with a imaginative and prescient to create a society the place everybody experiences monetary happiness.

They began out by y constructing options and instruments for companies and people to fortunately handle cash and finally grew to turn into a world enterprise cost and banking platform and lately turned QED Buyers’ first funding in Africa.

Eniolorunda has led Moniepoint to emerge as one of many high fintech companies in Nigeria, assembly the wants of entrepreneurs and offering them with equal entry to the instruments they should develop and scale.

Since its exception, over 600,000 companies of various sizes have secured a partnership working as Nigeria’s largest enterprise funds platform.

The corporate recorded an annual run-rate transaction worth of  $170 billion within the first quarter of 2023 alone, it processed $43 billion in transaction worth.

With greater than 1 billion transactions processed within the first quarter of 2023, Moniepoint this 12 months is on observe to surpass its annual run-rate transaction worth of $170 billion which will be attributed to Eniolorunda’s management.

He additionally led the corporate in lowering processing failures to simply 10 p.c each day and slicing downtime by 60 p.c in the identical quarter.

Additionally within the first three months of the 12 months, Moniepoint’s POS requests additionally skyrocketed by 1,000 p.c, pushed by the money crunch within the nation through the interval below overview.

His success was additionally prolonged to his involvement within the broader African fintech business which included a collection of funding rounds in promising African startups, together with a $3-million funding in Payday, a fintech startup offering international accounts to Africans.

Moniepoint has cemented its place as a frontrunner within the African fintech business as Nigeria’s largest enterprise funds platform.

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