Moniepoint Inc

Moniepoint, formerly known as TeamApt Inc, is a financial technology (fintech) company established by Tosin Eniolorunda and Felix Ike in June 2015. Their primary focus is on providing financial solutions for businesses.

In 2022, Moniepoint obtained a banking license from the Central Bank of Nigeria (CBN) and commenced offering banking services to merchants across Nigeria. In July 2023, aligning with the CBN's aim of financial inclusion, Moniepoint introduced personal banking services for individuals. Financial inclusion, as defined within the Nigerian context, strives for widespread access to various formal financial services among adult Nigerians, ultimately fostering economic growth and development.

Moniepoint Microfinance Bank (MFB) operates under full authorization from the CBN and operates as a subsidiary of Moniepoint Inc, a US-based digital financial services provider with a global reach, including operations in Nigeria, Kenya, and ongoing expansion efforts.

The company's core mission is to help people use technology to find financial happiness. Moniepoint MFB boasts one of Nigeria's largest distribution networks for financial services, facilitating transactions amounting to approximately eight trillion naira monthly, with over thirty-three million people engaging in transactions via its point-of-sale (POS) terminals each month.

Moniepoint offers two main types of accounts: business accounts and personal accounts. Let's delve into what each account entails.

Moniepoint Business Account

Moniepoint simplifies the account creation process for business owners, enabling them to register an account using their business name without enduring lengthy queues or paperwork. This account offers five levels of Know Your Customer (KYC) verification.

From levels 1 to 3, the account name combines the business name with the owner's name. Once level 4 KYC verification is achieved, only the business name is used. To expedite the process, ensure you have the following documentation ready:

• BVN or NIN
• Facial verification
• Residential address
• Business details and address
• Next of Kin information
• Proof of residential address
• Business registration type
• Supporting documents
• Certified attestation form
• Certificate of Business Name

Certain requirements may vary based on the nature of your business. Here are some benefits associated with a Moniepoint business account:

• - Free bank account dedicated to powering your business
• - Access to round-the-clock support with no hidden fees
• Complete control over your account
• Seamless acceptance of card and transfer payments via a reliable POS terminal
• Instant settlement, easy dispute resolution, and prompt payments
• Secure expense card for managing business expenses effectively
• Access to flexible working capital loans with business-friendly interest rates and repayment tenures

Get started with a Moniepoint business account to propel your business forward today.

Moniepoint Personal Account

Since the launch of its personal banking services in July 2023, Moniepoint has made significant strides, boasting a noticeable success rate in transfers compared to traditional banks. With a personal account, you can effortlessly pay bills, transfer funds to friends and family, or make business payments.

Here are some benefits of a Moniepoint personal account:

• All-in-one banking app for managing your finances, payments, and bills
• Instant issuance of debit cards with quick activation and usability
• Seamless transactions for transferring funds, purchasing airtime, and settling bills

Get started with Moniepoint personal banking today.

Contact Moniepoint

For inquiries or complaints, reach out to Moniepoint through various channels:

• Phone: +234 201 888 9990
• WhatsApp: +234 908 843 0803
• Email: support@moniepoint.com
• Instagram: @moniepointng
• Website: Moniepoint Contact

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