Nigeria’s SME sector is the backbone of the economy, and few leaders have impacted it as deeply as Tosin Eniolorunda, the Co-Founder and CEO of Moniepoint Inc.
From powering millions of daily transactions to enabling small businesses across Nigeria, Tosin Eniolorunda is quietly building one of Africa’s most important financial infrastructure companies.
Early Career & Technical Foundation
Tosin Eniolorunda is a trained engineer and technologist, with a background that blends deep technical expertise and business vision.
Before founding Moniepoint, he worked at Interswitch, one of Africa’s most influential fintech companies. There, he gained first-hand experience in:
- Payment infrastructure
- Transaction processing
- Financial systems at scale
This experience would later shape his approach to building Moniepoint.
The Birth of Moniepoint
Moniepoint was founded with a simple but powerful mission:
to provide reliable financial infrastructure for businesses that traditional banks underserved.
Rather than competing for headlines, Moniepoint focused on:
- POS solutions
- Business banking tools
- Reliable transaction processing
- Financial services for SMEs and agents
This strategy paid off.
Building Africa’s Leading Business Banking Platform
Today, Moniepoint:
- Serves millions of businesses and agents
- Processes over a billion transactions monthly
- Powers a significant percentage of Nigeria’s POS ecosystem
- Provides business accounts, credit, payments, and analytics
Moniepoint’s growth reflects a deep understanding of Nigeria’s informal and semi-formal business economy.
Leadership Style & Vision
Tosin Eniolorunda is known for:
- Product-driven leadership
- Long-term thinking
- Quiet execution over hype
- Solving real, structural problems
His philosophy is clear:
build infrastructure first, scale impact next.
Why Tosin Eniolorunda Matters
Tosin represents a new generation of African CEOs who:
- Build global-standard companies from Africa
- Prioritize sustainability over short-term wins
- Empower SMEs as engines of growth
At Dealbaseng, we recognize Tosin Eniolorunda as one of Nigeria’s most impactful tech CEOs shaping the future of business finance.
