Moniepoint targets retail efficiency with integrated POS system, Moniebook

Moniepoint, the Nigerian fintech unicorn, has rolled out a unified Point-of-Sale (POS) and inventory management platform, signaling an aggressive push to digitise operations for Nigeria’s massive informal retail sector.

The new product, branded Moniebook, integrates payment processing with back-end business tools, targeting merchants who have historically struggled with disparate systems for stock keeping and reconciliation. The launch comes five months after the company described the project as a developmental concept, marking a rapid transition from stealth to commercial availability.

The rollout aligns with Moniepoint’s broader strategy to diversify its revenue streams beyond agency banking. This follows the extension of its Series C funding round to $200 million, encompassing a fresh $90 million injection aimed at expanding its suite of financial services.

Moniebook is designed to replace the manual “pen and paper” ledgers prevalent among Nigerian SMEs. By digitising inventory and sales tracking, Moniepoint aims to lock in merchants by becoming the central operating system for their businesses, rather than just a payment processor.

“Moniebook is engineered to be a growth partner… a holistic source of truth in the hands of every entrepreneur,” Babatunde Olofin, Managing Director of Moniepoint MFB, said in a statement. He noted that real-time visibility into sales and inventory is critical for business owners attempting to scale in a volatile economic environment.

The platform addresses two primary pain points for retailers: inventory shrinkage and operational inefficiency. Key capabilities include real-time stock monitoring, integrated payments, multi-location control and staff governance.

Moniepoint has adopted a tiered subscription model to capture both micro-enterprises and larger retail chains. Core (₦6,000/month) for small business operations and Pro (₦8,500/month) for advanced, multi-location enterprises. The company also offers add-ons for additional registers and implementation support, allowing for revenue upscaling as merchant operations grow.

The launch of Moniebook is part of a wider expansionist roadmap for the Lagos-based fintech. Moniepoint currently reports processing over 1 billion transactions monthly, with a total payment volume (TPV) exceeding $22 billion.