LOCAL SPOTLIGHT: Tosin Eniolorunda: Building Moniepoint Into An African Fintech Giant

Oluwatosin Eniolorunda is the founder and Group CEO of Moniepoint Inc., one of Africa’s fastest-growing fintech powerhouses.

Raised in Ibadan, Eniolorunda trained as a mechanical engineer at Obafemi Awolowo University before transitioning into software development. He built his early career at Interswitch, serving as a product manager and lead architect. During his six-year tenure, he programmed the software powering the majority of Point-of-Sale (POS) terminals across Nigeria.

In 2015, Eniolorunda left his role to launch TeamApt alongside co-founder Felix Ike. Initially bootstrapped with his personal savings, the startup created core digital infrastructure for traditional banks before pivoting to serve micro, small, and medium businesses. Rebranded as Moniepoint, the platform evolved into a comprehensive digital bank and payment provider.

Today, Moniepoint operates as a profitable unicorn, processing billions of dollars monthly for over 10 million businesses and consumers across emerging markets. Eniolorunda’s work continues to shape financial inclusion across Africa.