Moniepoint has held talks with the UK government on plans for new solutions to help diaspora transfer money home with ease.
The founder and group chief executive officer of the fintech company, Mr Tosin Eniolorunda, disclosed this in a statement after the British Deputy High Commissioner in Lagos, Mr. Jonny Baxter paid a working visit to Moniepoint’s UK office.
Eniolorunda said the solutions will leverage Moniepoint’s reputation for trust, speed and transparency to solve payment issues.
He explained that the plan was part of a larger effort to improve economic and trade relations between Nigeria and the UK.
He lauded the British government and the Department for Business and Trade (DBT) for creating an enabling environment for Nigerian businesses operating in the UK.
He noted that Moniepoint’s presence in the UK contributes to actualising this bilateral relationship by ensuring it is not a one-sided transfer of investments but a mutually beneficial partnership.
“Trade and investment are pillars of UK-Nigeria relations. We’re proud to be part of a movement that’s turning those pillars into bridges for real economic transformation.
“Our mission has always been to engineer financial happiness while powering the dreams of millions businesses and individuals through digital financial technology. Every step we take—whether in Nigeria or the UK—is about making that vision a reality.
“Our growth is a testament to what’s possible when partnerships go beyond investment—it’s about shared prosperity and innovation,” he said.
Furthermore, Eniolorunda acknowledged the Enhanced Trade and Investment Partnership (ETIP) between Nigeria and the UK as a critical framework for unlocking market access, regulatory cooperation and job creation in emerging sectors.
He highlighted opportunities for collaboration in areas such as innovative financial services and cybersecurity products.
During the meeting, discussions revolved around strengthening trade and investment ties between Nigeria and the UK.
Baxter, for his part, highlighted the importance of trade as a cornerstone of diplomatic and economic relations between the two nations.
He underscored the role of trade to include fostering prosperity, innovation and cooperation across sectors such as energy, financial services, and infrastructure.
The diplomat also highlighted British International Investment’s (BII) investment in Moniepoint Inc as a critical point in increasing economic opportunities for small businesses in Africa, as well as enhancing financial inclusion for consumers and providing direct financing to impactful companies.
Moniepoint operates as an all-in-one financial ecosystem, offering seamless payments, banking, credit, business management and cross border solutions to over 10 million businesses and individuals across Nigeria and Africa.
It has established itself as the leading financial platform for Nigeria’s vast network of small and medium-sized businesses (SMEs), especially those in the informal segment of the economy.
The fintech company’s mission to drive financial inclusion and empower businesses has been widely acknowledged and signposted by its listing for two consecutive years as Africa’s fastest growing financial institution.
As Nigeria’s largest merchant acquirer, the company powers most of the country’s point of sale (POS) transactions, processing over one billion transactions monthly, with total payments volume exceeding $22 billion.
