Moniepoint has introduced Moniebook, an integrated inventory-management and POS platform designed to give business owners real-time insight into sales performance, customer activity, payments, and stock levels.
The launch comes two months after the company closed its Series C funding round. According to Moniepoint MFB Managing Director Babatunde Olofin, Moniebook is built as a growth tool that helps entrepreneurs better control and streamline their operations.
The product is part of Moniepoint’s broader strategy to expand beyond agency banking. In recent years, the company has ventured into retail banking and now provides accounts, debit cards, and a wide range of payment services, processing more than $250 billion in transactions annually across its combined 10 million individual and business customers.
Moniepoint has also widened its presence internationally with a remittance service targeting the African diaspora in the United Kingdom. The company has increasingly positioned itself as a full business-enablement platform rather than just a payment provider. Access to Moniebook starts at ₦6,000 per month, making it accessible to small and medium-sized enterprises.
Other fintechs are following similar expansion playbooks. PiggyVest, for instance, has grown to nearly six million users since its 2015 launch and has introduced PiggyVest Business to extend savings and investment tools to entrepreneurs.
Both companies are now aiming to provide end-to-end digital support for Africa’s small businesses.
