Minister of Foreign Affairs Yusuf Tuggar commends Moniepoint as a key player in Nigeria’s fintech space during his visit to the UK. Founded in 2015, the company has rapidly evolved into a leading digital financial service provider. Both Tuggar and CEO Tosin Eniolorunda emphasize the importance of global partnerships and innovative financial solutions in fostering economic growth and financial inclusion within Nigeria.
The Minister of Foreign Affairs of Nigeria, Yusuf Tuggar, praised Moniepoint as a symbol of Nigeria’s robust fintech industry during his recent visit to the company’s UK offices. Established in Lagos in 2015 by Tosin Eniolorunda and Felix Ike, Moniepoint, formerly known as TeamApt Inc., has become a prominent digital financial service provider with millions of users. Tuggar described Moniepoint as a “true Nigerian success story” and highlighted its emergence as a fintech unicorn valued in the multibillion-dollar range.
Minister Tuggar acknowledged Nigeria’s advantageous position within the fintech and financial services sector and stressed the importance of fostering trust in Nigerian enterprises as they reach international markets. He noted Moniepoint’s achievements as reflective of Nigeria’s vibrant fintech ecosystem, underscoring how a flourishing fintech landscape correlates with job creation, enhanced financial inclusion, and an overall stronger economy.
Tosin Eniolorunda, CEO of Moniepoint Inc., echoed this sentiment, affirming the company’s commitment to empowering business owners and promoting financial well-being across Africa. He stated the importance of innovative financial tools for economic growth and social progress. Eniolorunda further emphasized the significance of international cooperation in advancing innovation in the fintech sector and the role of partnerships in unlocking new opportunities.
Highlighting Moniepoint’s impact, he acknowledged the firm’s alignment with the Nigerian government’s vision for enhanced cooperation in trade, investment, and technology. Moniepoint’s contributions are aimed at developing Nigeria’s digital economy while creating meaningful collaborations for future generations. The company’s market dominance is notable as it serves as Nigeria’s largest merchant acquirer, facilitating over a billion monthly transactions with a payments volume surpassing $22 billion, thereby enabling small and medium-sized enterprises, especially in the informal sector, to digitize operations and engage in the evolving African economy.
In conclusion, Moniepoint has emerged as a pivotal player in Nigeria’s fintech industry, exemplifying the country’s potential for innovation and economic growth. Minister Tuggar’s remarks underscore the importance of building global trust in Nigerian businesses, while Moniepoint’s commitment to empowering local entrepreneurs highlights its dedication to enhancing financial inclusion. As the fintech sector continues to thrive, partnerships and international cooperation will be crucial for unlocking further opportunities within the market.
Original Source: punchng.com
