Why a growing remittance business was not enough for Moniepoint

MonieWorld’s shutdown highlights the high cost of UK expansion and the tough economics facing African fintechs entering crowded remittance markets.

Moniepoint UK to issue sterling (GBP) accounts after EMI acquisition, starting December 2025

Moniepoint to roll out its own GBP accounts, following the acquisition of Bancom, a UK EMI, starting in December 2025.

BREAKING: Moniepoint launches remittance product

“We are using pricing as a pull factor. We want people to try the product because it’s affordable and stay because it works,” said Moniepoint’s CEO, Tosin Eniolorunda

EXCLUSIVE: Moniepoint tests remittance product

This new offering is currently in an invite-only beta stage and precedes a planned public launch