Moniepoint Is Stepping Up Its Global Ambitions As UK Plans Take Shape

Moniepoint Inc., the parent company of one of the largest business payments and banking platforms in Nigeria, is pursuing global ambitions with the ongoing expansion of operational capacity in its UK entity, WT has learned.

Moniepoint Inc relocated its headquarters from Lagos to London as it rebranded from TeamApt Inc in January 2023 but the new Moniepoint UK subsidiary, WT understands, started to take shape more recently. Engagements with the UK financial regulatory authorities are afoot as relevant licenses are being sought, sources say.

This move, coupled with previous indications of a foray into North Africa and Kenya more recently, is part of Moniepoint’s ambition to extend its footprint across Africa and into global markets, said people familiar with the matter who prefer to remain anonymous as plans are in flux and at a sensitive stage.

A Moniepoint Spokesperson told WT, “We can’t say anything more formally at the moment, but Moniepoint has always been a pioneer in financial services and financial inclusion - and will continue to be so.”