If you use Moniepoint for business banking, POS services or other financial services, you may have wondered who is behind the company.

Moniepoint is not a company owned by one person alone. It was founded by Tosin Eniolorunda and Felix Ike, and over the years the company has attracted investment from several institutional investors. As a result, ownership is shared among its founders and other shareholders.

The company has also changed significantly since it was first established. What many Nigerians know today as Moniepoint began as TeamApt, a financial technology company that built payment infrastructure for banks and later expanded into services for businesses and individuals.

So, who actually owns Moniepoint?

Who Owns Moniepoint?

Moniepoint is owned by its founders, employees through its employee ownership arrangements, and external investors who have invested in the company.

The company was founded in 2015 by Tosin Eniolorunda and Felix Ike. Moniepoint’s official history identifies the two as its founders.

However, it would be inaccurate to describe either founder as the sole owner of Moniepoint today.

Moniepoint is a privately held company that has raised substantial capital from investors over several funding rounds. These investors receive an ownership interest in the company in exchange for their investment.

The exact percentage owned by each shareholder is not fully disclosed publicly, so claims that a particular individual or investor owns a specific percentage should be treated carefully unless supported by an official corporate disclosure.

Who Founded Moniepoint?

Moniepoint was founded in 2015 by Tosin Eniolorunda and Felix Ike.

Before Moniepoint became widely known for its POS terminals and business banking services, the company operated under the name TeamApt.

Its early business focused on developing technology and payment infrastructure for banks and financial institutions. According to Moniepoint, its technology solutions were eventually deployed across a large portion of Nigeria’s banking sector.

The company later changed direction and began serving businesses more directly through its Moniepoint platform.

Tosin Eniolorunda

Tosin Eniolorunda is one of Moniepoint’s co-founders and serves as its Founder and Group Chief Executive Officer.

He has remained one of the most prominent figures associated with the company since its creation.

Moniepoint’s official materials continue to identify Eniolorunda as the company’s founder and Group CEO.

Felix Ike

Felix Ike is the other co-founder of Moniepoint.

The company was originally established as TeamApt in 2015 by Eniolorunda and Ike. Moniepoint’s corporate history continues to identify both individuals as its founders.

Is Tosin Eniolorunda the Owner of Moniepoint?

Tosin Eniolorunda is a founder and major figure in Moniepoint, but calling him the sole owner of Moniepoint would be misleading.

As Moniepoint expanded, it raised money from external investors. Those investments changed the company’s ownership structure by bringing additional shareholders into the business.

Public corporate information also shows Eniolorunda holding significant control in at least one Moniepoint-related UK entity. The UK’s Companies House record for Moniepoint GB Ltd lists him as a person with significant control, including ownership of more than 25% but not more than 50% of shares in that entity.

That record, however, should not be interpreted as saying that Eniolorunda owns 25–50% of the entire global Moniepoint group. It relates specifically to Moniepoint GB Ltd.

This distinction matters because Moniepoint operates through a corporate group with different subsidiaries and entities.

What Was Moniepoint Called Before?

Moniepoint was originally known as TeamApt.

TeamApt was founded in 2015 and initially concentrated on providing financial technology infrastructure and payment solutions to banks.

In 2023, TeamApt Inc. announced that it had rebranded as Moniepoint Inc. The company explained that the name change reflected how much its business had expanded beyond its original infrastructure-focused model.

Today, Moniepoint Inc. is the parent company of TeamApt Limited and Moniepoint Microfinance Bank. Moniepoint states that TeamApt Limited operates as a CBN-licensed switch and processor, while Moniepoint Microfinance Bank is a CBN-licensed microfinance bank.

This is why you may still encounter the name TeamApt when researching Moniepoint’s corporate history.

Who Are the Major Investors in Moniepoint?

Moniepoint has attracted investment from several international and African investment firms.

Some of the publicly announced investors and backers include:

Development Partners International (DPI)
Google Africa Investment Fund
Verod Capital Management
Lightrock
QED Investors
British International Investment
Novastar Ventures
Global Ventures
FMO
Endeavor Catalyst
Visa
LeapFrog Investments
International Finance Corporation (IFC)
Proparco
Swedfund
Alder Tree Investments

The list has grown as Moniepoint completed additional funding rounds.

These investors do not mean that Moniepoint is owned by Google, Visa or any other single investor. They are investors in the company, with ownership interests determined by their respective investments and the company’s corporate structure.

Did Google Buy Moniepoint?

No. Google did not buy Moniepoint.

Google’s Africa Investment Fund became an investor in Moniepoint as part of the company’s $110 million Series C funding round announced in October 2024.

Development Partners International led that round, while Google Africa Investment Fund, Verod Capital and Lightrock were among the investors involved.

Therefore, describing Moniepoint as a Google-owned company would be incorrect.

Google is an investor, not the sole owner.

Did Visa Buy Moniepoint?

No. Visa did not acquire Moniepoint.

Visa announced an investment in Moniepoint in January 2025. The investment also gave Visa a seat on Moniepoint’s board.

Again, an investment is different from an acquisition.

Visa became one of Moniepoint’s investors, but this does not mean that Visa owns the entire company.

How Much Money Has Moniepoint Raised?

Moniepoint has raised hundreds of millions of dollars from investors as it expanded.

In October 2024, the company announced a $110 million Series C funding round, which pushed its valuation above $1 billion and gave it unicorn status.

In October 2025, Moniepoint announced that it had completed another Series C funding round of more than $200 million. Development Partners International led the round, with participation from investors including LeapFrog Investments, Lightrock, Alder Tree Investments, Google Africa Investment Fund, Visa, IFC, Proparco, Swedfund and Verod Capital Management.

The size of these investments is important when discussing ownership because each funding round can introduce new shareholders or increase the holdings of existing investors.

Is Moniepoint Owned by a Nigerian?

Moniepoint was founded by Nigerians Tosin Eniolorunda and Felix Ike, and the business has its roots in Nigeria.

However, it is no longer accurate to describe the company as being owned entirely by one Nigerian individual or solely by its founders.

As a privately held company, its ownership is distributed across its shareholder base, which includes its founders and institutional investors.

The company itself describes Moniepoint Inc. as the parent company of its Nigerian operating entities.

Who Owns Moniepoint Microfinance Bank?

Moniepoint Microfinance Bank is part of the wider Moniepoint corporate structure.

Moniepoint Inc. identifies itself as the parent company of Moniepoint Microfinance Bank and TeamApt Limited.

This means that when people ask who owns the Moniepoint banking service, it is useful to distinguish between the Moniepoint group and the individual regulated subsidiaries through which particular services are provided.

Moniepoint Microfinance Bank is regulated by the Central Bank of Nigeria as a microfinance bank.

Is Moniepoint the Same as TeamApt?

Not exactly, although the two names are closely connected.

TeamApt was the original company founded in 2015. In 2023, TeamApt Inc. rebranded as Moniepoint Inc.

The company’s original TeamApt name remains relevant because TeamApt Limited is still part of the corporate group and operates as a payment switch and processor.

A simple way to understand it is:

Name	What it means
TeamApt	Original company name and continuing name of a group subsidiary
Moniepoint Inc.	Parent company of the Moniepoint group
Moniepoint Microfinance Bank	CBN-licensed microfinance bank within the group
Moniepoint	Brand used across the company’s financial products and services

Does Moniepoint Have One Owner?

No.

Moniepoint should not be viewed like a small private business where one person owns 100% of the company.

It has multiple shareholders following years of fundraising.

The founders remain central to the business, while institutional investors have provided capital to support its expansion. Moniepoint has also developed an employee ownership structure, meaning the broader ownership picture is more complicated than simply naming one individual.

Because Moniepoint is privately held, a complete up-to-date public cap table showing the exact percentage held by every shareholder is not readily disclosed by the company.

For that reason, the safest answer is:

Moniepoint was founded by Tosin Eniolorunda and Felix Ike, but Moniepoint today is owned by a wider group of shareholders that includes the founders, employees and institutional investors.

Why Do Investors Own Part of Moniepoint?

Investors provide capital to companies in exchange for an ownership interest or other investment rights.

For a fast-growing fintech like Moniepoint, this funding can support areas such as:

Product development
Expansion into new markets
Technology infrastructure
Financial services
Business banking
Credit products
Payment solutions
Acquisitions and strategic expansion

Moniepoint’s funding history shows how its ownership base has expanded as the company has raised additional capital.

The October 2025 Series C round, for example, involved a large group of established investment institutions.

Is Moniepoint a Public Company?

No. Moniepoint is a privately held company rather than a publicly traded company whose shares can be bought on a stock exchange.

That is one reason you cannot simply search for a Moniepoint stock ticker and see a public shareholding register like you can with a listed company.

Its ownership is instead determined through its private corporate structure and investment agreements.

What Is the Relationship Between Moniepoint and Its Investors?

The relationship is primarily that of a privately held company and its shareholders.

Investors provide capital and may receive equity, board representation or other rights depending on the terms of their investment.

For example, Visa’s investment in Moniepoint came with a board seat.

Development Partners International has also been a major investor and led multiple significant funding rounds involving Moniepoint.

This does not mean that any one investor controls the entire company.

What Is the Simplest Answer to “Who Owns Moniepoint?”

If you only need the short answer, here it is:

Moniepoint was founded by Tosin Eniolorunda and Felix Ike. Today, Moniepoint is not solely owned by either founder. It is a privately held company with ownership shared among its founders, employees and several institutional investors, including Development Partners International, Google Africa Investment Fund, Lightrock, Verod Capital, Visa and other investors.

Moniepoint Inc. is the parent company of the group’s operating businesses, including TeamApt Limited and Moniepoint Microfinance Bank.

Frequently Asked Questions

Who is the owner of Moniepoint?

Moniepoint does not have one sole owner. It was founded by Tosin Eniolorunda and Felix Ike and now has a wider shareholder base that includes the founders, employees and institutional investors.

Who founded Moniepoint?

Moniepoint was founded in 2015 by Tosin Eniolorunda and Felix Ike. The company was originally established as TeamApt before later rebranding as Moniepoint Inc.

Is Moniepoint owned by Tosin Eniolorunda?

Tosin Eniolorunda is a co-founder and Group CEO of Moniepoint, but he is not the sole owner of the company. Moniepoint has received significant investment from several institutional investors over the years.

Is Moniepoint owned by Google?

No. Google is an investor in Moniepoint. Google Africa Investment Fund participated in Moniepoint’s $110 million Series C round announced in 2024.

Is Moniepoint owned by Visa?

No. Visa is an investor in Moniepoint, not the sole owner. Visa announced an investment in the company in 2025 and joined its board.

Conclusion

Moniepoint started in 2015 as TeamApt, founded by Tosin Eniolorunda and Felix Ike. The company initially built financial technology infrastructure for banks before expanding into payments, business banking and other financial services.

Today, Moniepoint is much larger than the company its founders started. It has raised substantial capital from international and African investors, including Development Partners International, Google Africa Investment Fund, Lightrock, Verod Capital, Visa and several other institutions.

So, if you are asking who owns Moniepoint, the most accurate answer is that there is no single owner. Tosin Eniolorunda and Felix Ike are the founders, but the company’s ownership is shared among its broader shareholder base.