Moniepoint went from PoS scale to full-stack lock-in in two years

How tithes and offerings became an ₦8 trillion use case on Moniepoint

In 2025, Nigerian unicorn Moniepoint processed ₦412 trillion in transactions, positioning itself as one of Nigeria’s largest payment platforms. In its 2025 Year in Review, the company also notes that approximately 3% of all transfers were for church or tithes. Placed in a section describing how Nigerians moved money by value, alongside categories such as business, food, and utilities, the figure likely represents a fraction of the total transact…

Moniepoint went from PoS scale to full-stack lock-in in two years

This is Follow the Money, our weekly series that unpacks the earnings, business, and scaling strategies of African fintechs and financial institutions. A new edition drops every Monday.  In 2015, Moniepoint, then TeamApt, one of Nigeria’s most prominent fintechs, was building payment infrastructure for banks. By 2025, it was no longer a company in the shadows. It had become one of the most important pipes through which Nigeria’s informal economy…