Moniepoint leverages transaction data to expand SME lending in Nigeria
Moniepoint Microfinance Bank disbursed over N1 trillion in credit to thousands of small businesses in 2025, with businesses experiencing a 36% average transaction-value growth after accessing loans.
In Brief
- •Moniepoint Microfinance Bank disbursed over N1 trillion in credit to thousands of small businesses in 2025, with businesses experiencing a 36% average transaction-value growth after accessing loans.
- •The bank uses alternative data, including transaction histories and business patterns, to assess the creditworthiness of small businesses, addressing the challenge of limited conventional credit histories.
- •Moniepoint serves over six million active businesses and processed N412 trillion in transaction value across more than 14 billion transactions in 2025, highlighting its extensive payments network.
- •The bank was recognized as SME Microfinance Bank of the Year for the third consecutive year at the 14th BusinessDay BAFI Awards, reflecting its position in the SME financing segment.
- •Moniepoint's strategy combines payments infrastructure with lending, positioning it to use business financial activity on its platform for credit decisions and extending financing to merchants.
Why It Matters
Moniepoint's approach to using transaction data to assess creditworthiness addresses a critical challenge for small and medium-sized enterprises (SMEs) in Nigeria, which often struggle to access formal financing. By leveraging its extensive payments network, Moniepoint can provide a more inclusive and efficient lending solution, potentially stimulating economic growth and job creation. This strategy also highlights the growing convergence of payments and credit services in Nigeria's financial market, where digital platforms can offer integrated financial services to merchants.
Key Details
- Total Credit Disbursed
- N1 trillion
- Average Transaction-Value Growth
- 36%
- Active Businesses Served
- 6 million
- Transaction Value Processed
- N412 trillion
- Number of Transactions
- 14 billion
Context & Background
Access to affordable financing remains a major challenge for micro, small, and medium-sized enterprises (MSMEs) in Nigeria, which need working capital to maintain inventory, pay suppliers, expand operations, and withstand fluctuations in demand.
Original Reporting & Sources
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