Tosin Eniolorunda is the co-founder and Group CEO of Moniepoint Inc.—the financial institution parenting Moniepoint Microfinance Bank (MFB), Monieworld, Moniebook, Orda, and Sumac MFB in Kenya. The company (formerly TeamApt Inc.) was founded in 2015 by Tosin Eniolorunda and Felix Ike. As of 2026, Moniepoint Inc. holds a valuation of $1 billion, maintaining its status as one of the African unicorns.
The unicorn was achieved after the company completed a $200 million Series C funding round with a $90 million fundraise in late 2025. According to a 2026 report, Moniepoint processed over ₦412 trillion (that's about $250 billion) across more than 14 billion transactions in 2025, serving over 6 million businesses and banking more than 16 million individuals through its POS and digital bank accounts.
Although Moniepoint's core business is wide even across borders, the company is dominating the agency banking and business-to-business (B2B) segments in Nigeria. The company entered into Kenya's market with a 78% stake in Sumac Microfinance Bank. It also launched a diaspora-focused remittance service, MonieWorld, in the UK in April 2025 through the acquisition of Bancom Europe, a UK-licensed electronic money institution regulated by the Financial Conduct Authority (FCA).
Beyond borders and remittances expansion, Moniepoint also built a homegrown business management product—Moniebook—dedicated to businesses and entrepreneurs in Nigeria. Moniebook is a cloud-enabled smartPOS system that enables business owners to streamline and automate their business operations.
Moniebook can help you integrate payment processing; track your inventory in real-time; report and analyse your sales (such as generating instant receipts, invoices, and detailed reports on your top-selling items and overall business performance); and manage staff and branches. It's an ideal product for supermarkets and stores that have multiple branches.
Recently, Moniepoint acquired Orda—a cloud-based restaurant management platform—rebranded it as Moniebook for Restaurants and integrated it into Moniebook. The main purpose is to replace manual, paper-based processes with digital tools so that restaurants will be able to manage orders, track inventory, handle accounting, accept payments, and integrate with delivery services like Glovo—all from a single dashboard.
In essence, Tosin Eniolorunda has built Moniepoint from a Nigerian agency banking startup into a $1 billion African fintech unicorn with operations spanning digital banking, remittances, business banking, and enterprise management solutions. All these financial and business products have reinforced Moniepoint’s position as one of Africa’s fastest-growing financial technology companies.
Moniepoint Valuation (Net Worth) in 2026
Moniepoint is currently valued at $1 billion—a unicorn status. The $1 billion valuation was achieved through the completion of an equity financing it announced in October 2024. The $200+ Equity Financing—led by Development Partners International and joined by LeapFrog Investments—was completed in October 2025 with a $90 million round.
According to Tracxn, Moniepoint has raised a total funding of $256 million over 6 rounds. Its first funding round was in February 2019, and its latest funding round was a Series C round in October 2025 for $90 million. Notably, Moniepoint has 21 institutional investors and 1 angel investor.
The ones that participated in the latest rounds are Development Partners International’s African Development (ADP) III fund, LeapFrog Investments, Lightrock, Alder Tree Investments, Swedfund, Google’s Africa Investment Fund, Visa, Verod Capital Management, the International Finance Corporation (IFC), and Proparco.
The Moniepoint's $1 billion net worth reflects the diverse financial and business management products Tosin Eniolorunda has built into the company's system. In 2026, the company is growing rapidly in agency banking, digital payments, remittance banking, restaurant chains, and business banking services across Nigeria and beyond.
The company has millions of customers, trillions of naira in processed transactions, and expansion into markets like Kenya and the UK, so tell me, how will Moniepoint not become one of the most valuable privately owned fintech companies in Africa?
Tosin Eniolorunda's Stake in Moniepoint
This is where the question remains unanswered. Tosin Eniolorunda has not publicly come out to tell how much stake he owns in Moniepoint Inc. But let's assume he owns a 10% stake in Moniepoint and the company is worth $1 billion in valuation; then he would have $100 million as his net worth.
However, it's important to know that figure is not the only factor that determines an individual net worth. Net worth is the estimated value of everything an individual owns after subtracting all debts and financial obligations. So, the value of assets such as cash, investments, businesses, real estate, vehicles, and other valuable possessions are part of the things used in determining net worth.
On the other hand, debts and financial obligations that should be subtracted include liabilities like loans, mortgages, taxes, and unpaid debts. For a business builder like Tosin Eniolorunda, net worth can be influenced by the value of their ownership stake in a company, especially in a company like Moniepoint that has a high market valuation.
So, we're just taking from the assumption of a 10% stake in Moniepoint. We use 10% because $100 million is what many media outlets are pointing fingers at, and calculating $100 million towards a company that's valued at $1 billion will give a 10% equity stake.
Tosin Eniolorunda's Net Worth in 2026
Tosin Eniolorunda is said to be worth approximately $100M as of 2026. This estimate is based on his ownership stake in Moniepoint. Although that net worth can be disputable because he's now publicly made his own net worth known. But what is indisputable is that he has built one of the most valuable privately held companies from near-zero capital to a unicorn company worth a billion-dollar valuation.
Tosin Eniolorunda bootstrapped the company with his personal assets and later got his first funding ever from Oui Capital in 2019 when $150,000 was invested into the company as seed funding. The capital valued the company at roughly $12 million post-money.
Tosin Eniolorunda's Career
In 2009 Tosin Eniolorunda started his career as a software engineer at Interswitch—one of Nigeria's leading payment companies founded by Mitchell Elegbe. He worked as a senior software manager and product manager and programmed the company's first point-of-sale (POS) software, which became widely accepted in Nigeria.
After he left engineering, his position at Interswitch, he co-founded TeamAPT in 2015 with Felix Ike, which was later rebranded as Moniepoint Inc. in March 2023. Before the rebrand, Moniepoint was originally just an agency banking product under TeamAPT, and it was the most successful product of the company.
According to Tosin Eniolorunda, the company rebranded as Moniepoint Inc. to align with its most successful product as it expanded its offerings from agency banking into business and personal banking and digital financial services.
“The Moniepoint brand had become far more recognized than TeamApt... So it made sense to consolidate everything under one name for clarity and brand strength.”
(Source: TechCrunch, March 2023)
Tosin Eniolorunda studied and earned a BSc in mechanical engineering from Obafemi Awolowo University in 2007 and later studied at Lagos Business School. He was born in Lagos, Nigeria, to engineering contractor Rotimi and teacher Ajoke Eniolorunda, who are from the Ose Local Government Area in Ondo State.
On June 25, 2021, Endeavour Nigeria named Tosin Eniolorunda and his Moniepoint co-founder Felix Ike as Endeavour Entrepreneurs. He was also featured on the cover of Forbes Africa Magazine (August-September 2021 edition). In 2022, New African Magazine named the top 100 most influential Africans, and Tosin Eniolorunda was among them.
