Meet Tosin Eniolorunda, the Brain behind the Financial Software Moniepoint

by Duchess Magazine

Tosin Eniolorunda is the CEO and co-founder of Moniepoint (formerly TeamApt), a financial software company specialising in creating solutions and managing infrastructure enabling African banks, companies, and individuals to handle their money.

Today, Moniepoint is recognised as one of Nigeria’s largest non-bank mobile money providers. Moniepoint handles over 400 billion per month, an accomplishment that makes it the envy of other fintech solutions. It has a network of over 30,000 registered agents throughout all 36 states, making it the largest agency banking service in Nigeria.

Approximately $5.5 million was raised by the business in its Series A investment round in 2019. A $3.9 billion transaction value processing $160 million every month was also revealed by data from its 2020 review. More than 100,000 people have joined the organisation, and it serves around three million clients.

In addition to being an all-in-one technologically equipped company solution, Moniepoint can supply crucial last-mile services.

Speaking on Wharton’s fintech podcast, Tosin revealed what prompted the financial institution, “I think for most people, we are pursuing positive feelings in life. We all know that money is an important element for happiness, so I considered it important to be able to help people find happiness with money. Technology typically drives everything in our world so building solutions that can help people find happiness with money, is a universal and big mission to focus on.

“We are fulfilling some of these so far,” he added.

Before beginning work as a software engineer at Interswitch in 2009, he served as an intern at Schlumberger Limited in 2005. His career there continued to be successful, and he held a number of positions there, including Senior Software Manager, Unit Head of Application Development, and Product Manager.

Tosin finished his undergraduate studies in mechanical engineering at Obafemi Awolowo University in 2007.

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