In a major step beyond its traditional payments stronghold, Moniepoint has introduced a new business tool designed to help small and medium-sized enterprises better manage their daily operations.
The company has unveiled Moniebook, an all-in-one point-of-sale and bookkeeping platform built for SMEs across Nigeria. Positioned as a central hub for payments, stock management, staff oversight and sales analytics, Moniebook is offered as a subscription add-on to Moniepoint’s existing POS terminals.
This development builds on Moniepoint’s broader growth strategy, coming on the heels of its earlier launch of MonieWorld, a remittance service targeted at the Nigerian diaspora.
The fintech, which achieved unicorn status after its Series C funding round last year, processes billions of transactions annually and has one of the widest merchant networks in the country. This extensive reach gives it a distribution edge that many standalone bookkeeping startups lack. According to the company, more than 4,000 businesses participated in Moniebook’s beta test, during which the platform handled transactions valued at ₦19 billion (approximately $13 million).
Moniebook is offered in two paid tiers:
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Core: ₦6,000 (≈ $4.15) per month
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Pro: ₦8,500 (≈ $5.88) per month
Additional fees apply for extra registers and implementation support.
According to Babatunde Olofin, Managing Director of Moniepoint MFB, the new tool is designed to serve as “a growth partner for businesses,” giving merchants real-time insight into sales, staff activity, customer patterns and inventory. Oluwole Adebiyi, head of product for Moniebook, added that the solution reflects the everyday realities and challenges faced by Nigerian entrepreneurs.
The messages from Moniepoint leadership highlight a clear goal: to offer a practical, streamlined system that helps merchants replace manual processes with simpler, more efficient digital tools.
