Moniepoint Launches Remittance App in UK
By Oluwatosin Ajayi
In a bold shift to revolutionise the fintech industry, MONIEPOINT Inc., a Nigerian fintech titan is quietly extending its services to target the needs of UK’s African diaspora with the launch of a sleek remittance app, MonieWorld.
The launching of MonieWorld is to provide digital financial services solutions to migrants, marking Moniepoint’s first market wave outside Africa; the company is to benefit from the migrant worker remittance from UK-to-Africa.
The borderless financial access is launched by its UK subsidiary, Moniepoint GB, headquartered in London. The service is made available for UK residents to send money fast to Nigeria without a transfer fee, simple, secure and reliable with a great exchange rate.
The MonieWorld App is available to customers on the Apple Store and Google Play Store respectively.
MonieWorld tells a bigger story of the brand’s cultural relevance, brand intelligence, and global ambition. In a statement, the Founder and Group CEO of Moniepoint Inc., Tosin Eniolorunda, said “This is a step toward financial happiness,” solving a real problem for Africa’s entrepreneurs and customers.
With over £9.3 billion flowing from the UK-Nigeria, migrant focus has become an economic force, with Moniepoint positioning itself as a cross-border remittance brand of choice.
It’s a calculated brand shift, and timing couldn’t be more strategic as records reveal that Nigeria received a 9% increase in 2024 remittances, estimating a total of $20.98 billion in remittances, with the UK migrants contributing nearly 50%. It is more than just foreign direct investment; it is the foundation of household and SMEs.
Nevertheless, the remittance market is still disjointed, disruptive, and full of unstated costs.
Records indicate that the Nigerian fintech titan, Moniepoint, is becoming a major power on a global scale. The launch of MonieWorld came after Moniepoint revenue increased 150% CAGR in recent years, a Series C fundraising round headed by international investment organisations including Google’s Africa Investment Fund, and a new investment by Visa in early 2025.
However, emotional clarity is MonieWorld’s real breakthrough, which goes beyond the UX specifications. MonieWorld targets African immigrants who are frustrated with complex apps and hidden costs.
They can easily assist family, finance local companies, and even make investments back home thanks to it.
The distinctive feature of Moniepoint is its strong technological infrastructure, which has been refined over years of working with Nigeria’s SME sector. Currently, the fintech company processes more than $22 billion in monthly transactions with over 10 million African consumers and businesses.
Now, it is extending that user intelligence, reliability, and trust to a global audience.
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