Moniepoint Launches Moniebook

Moniepoint Launches Moniebook

Moniepoint is expanding its footprint in Nigeria’s business ecosystem with the launch of Moniebook, a unified POS and inventory-management platform. Coming just two months after the company closed its Series C round, Moniebook is designed to help merchants manage their operations more efficiently by offering real-time visibility into sales, stock levels, payments, and customer activity—all from one dashboard.

According to Babatunde Olofin, Managing Director of Moniepoint MFB, the goal is to provide business owners with a single source of truth that supports growth and simplifies daily operations. Positioned as an all-in-one business tool, Moniebook is built for entrepreneurs who want more structure, better tracking, and more control over their retail activities.

A Strategic Push Beyond Agency Banking

Moniebook is the latest move in Moniepoint’s broader strategy to diversify its products. While the brand is well known for its agency banking network, it has spent the last two years expanding aggressively into retail banking. Today, Moniepoint offers personal and business accounts, debit cards, and payment services to more than 10 million customers, processing over $250 billion in annual payments.

The company is also growing geographically. It recently entered the UK market with a remittance product aimed at the African diaspora. Its new brand message—“financial happiness for Africans everywhere”—signals its ambition to evolve beyond payments.

Moniebook Aims to Become a Full Business Operating System

With Moniebook, Moniepoint wants to become a full-stack business-enablement platform, similar to how global fintechs offer tools that cover payments, accounting, inventory, and customer engagement.
Access to the platform starts at ₦6,000 per month, making it affordable for small and growing businesses.

PiggyVest Is Taking a Similar Path

Interestingly, Moniepoint’s expansion mirrors a trend seen with fellow Nigerian fintech PiggyVest. Known for leading the digital savings market with nearly six million users, PiggyVest has also been building new infrastructure and recently launched PiggyVest Business to help entrepreneurs save, invest, and manage financial growth.

“We’re helping individuals save and invest on PiggyVest. We want to help businesses save and invest using PiggyVest Business,” said Co-founder Joshua Chibueze.

Both Moniepoint and PiggyVest are pushing beyond their original offerings, betting that the future of African fintech lies in supporting entrepreneurs end-to-end—not just with financial services, but with tools that power their full business lifecycle.

TechCity