TeamApt Rebrands As Moniepoint To Help African SMEs Grow

Tosin Eniolorunda, Co-founder/CEO and Felix Ike, Co-founder/CTO Moniepoint Inc

TeamApt Inc., one of Africa’s leading business banking platforms, has rebranded to Moniepoint, the name of its flagship product, thereby aligning with a recognizable identity that its existing business owners already trust.

The rebranding of TeamApt to Moniepoint reflects the company’s mission to help businesses grow through access to digital payments, accessible credit and business management tools.

In an exclusive statement released by the co-founder and CEO of Moniepoint Inc., Tosin Eniolorunda, he said, “When we started in 2015, we were started by providing products and financial infrastructures to banks and needed an apt team, hence the name TeamApt.

Over the years, we have evolved significantly, and our flagship business banking solution, Moniepoint, has become our core focus and where we see the future. The name Moniepoint which our business is already familiar with, better represents our commitment to providing our businesses with an all-in-one platform that they can use to access banking services, payments, credits, and business management tools that they can use to grow and succeed in their endeavours.

We have become Nigeria’s leading financial service platform for businesses. With this name change, we are making a promise to always be here for businesses they depend on to power their dreams.”

Led by Tosin, Moniepoint has been towing the ladder of success and has been profitable since 2020. The company has also been on course to become a Unicorn. The company is backed by leading institutional investors such as QED Investors, Novastar, Lightrock, BII, FMO, Global Ventures, Endeavour Catalyst, and New Voices Fund.

With the rebrand, Moniepoint’s intentions for the future are to broaden its influence and support companies in growing beyond their present capabilities.



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