Moniepoint Inc.'s United Kingdom arm, the financial software company founded by Nigerian entrepreneur Tosin Eniolorunda, posted a 1.2 million loss between February and December 2024 while preparing for a full rollout in 2025.
Moniepoint expands its UK ambitions
The filings, submitted to the UKs Companies House, showed that Moniepoint GB did not generate revenue during that period. The company said its operations were fully supported by the Nigerian parent firm, which plans to inject more capital as the business scales up. Moniepoint GB currently holds 7.3 million 9.8 million in share capital, providing a financial cushion for its early-stage operations.