Known informally as “Legit Business Names,” the award is a non-commercial initiative that honours exceptional business leaders who have made significant contributions to Nigeriaâs economy while fostering local talent retention.
Eniolorunda is celebrated for his visionary leadership at Moniepoint Inc., where he has played a key role in transforming Nigeriaâs payment system.
By helping millions of businesses and individuals digitize their financial operations, Moniepoint Inc. is reshaping Africaâs financial landscape.
The companyâs success is a testament to the trust and confidence it has earned from customers, regulators, and industry stakeholders.
Moniepoint’s remarkable journey in 2024 has been a testament to its commitment to financial inclusion, innovation, and business growth.
A key highlight of the year was the successful close of a $110 million Series C fundraise in October, which will fuel further expansion and technological advancements.
The company processes over 1 billion transactions monthly, with a total payment volume exceeding $22 billion.
One of Moniepoint’s most notable initiatives was launching Nigeriaâs first Informal Economy Report in partnership with SMEDAN and the Federal Ministry of Industry, Trade, and Investments.
In the same year, Moniepoint received prestigious recognitions from the Financial Times and CB Insights, ranking in Africa’s Fastest Growing Companies and Fintech 100 lists for the second and third consecutive years, respectively.
The Central Bank of Nigeria honoured Moniepoint as the “Financially Inclusive Fintech of the Year”, solidifying its reputation as a leader in reaching underserved communities.
In addition, Moniepointâs CEO, Tosin Eniolorunda, was recognized as the “Outstanding Fintech Personality of the Year” at the Marketing Edge Awards.
These accolades highlight Moniepointâs relentless pursuit of excellence in leadership, innovation, and ethical business practices.
Looking ahead, Moniepoint is set to build on its momentum with an ambitious roadmap for 2025.
Enioloruda said the fintech operator is committed to expanding financial inclusion and empowering Africaâs entrepreneurs by leveraging digital finance to provide businesses in the informal economy with access to capital and financial services.
He said:
Furthermore, Moniepoint plans to introduce new products that enhance transparency and ease of use in digital payments while strengthening collaborations with regulators to foster trust and industry stability.
Moniepoint has adopted a multi-layered approach to tackling business challenges, prioritizing education, partnerships, and technological investments.
A standout initiative was a December financial literacy campaign, which educated customers on the dangers of sharing sensitive information online.
This proactive effort helped mitigate fraud risks and reinforced Moniepointâs commitment to secure digital transactions.
