Full-Time
Senior Business Analyst
Moniepoint Group
5,001-10,000 employees
Fintech platform providing payments and banking
No salary listed
Bengaluru, Karnataka, India
Remote
 Business & Strategy (1) |
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- The candidate must have 3-4 years of professional experience outside of academic and internship settings in a quantitative analysis role.
- The candidate must have excellent SQL skills, which will be tested during the hiring process.
- The candidate must have experience designing and analyzing experiments in digital products, including A/B and multivariate tests.
- The candidate must know visualization tools such as Tableau and Looker.
- The candidate must have experience applying statistical modeling and advanced analytics to provide product-shaping insights.
- The candidate must have experience with statistical programming in Python and tools such as Pandas, SciPy, and Jupyter or iPython notebooks.
- The candidate must have excellent spoken and written English.
- Work with product managers, business, development, and data engineering teams to guide sales, marketing, and growth teams in problem discovery and provide visibility into product metrics and key performance indicators.
- Translate product and business questions into analysis and actionable insights.
- Develop and maintain scalable, self-service visualization tools and dashboards.
- Own analytics across the Marketing and Growth Product development cycle, from data requirement gathering and opportunity sizing through experimentation and post-launch impact analysis.
- Build robust stakeholder relationships and act as a strategic and supportive link between technology, business, and product teams.
- Apply advanced mathematical and statistical modeling techniques, including A/B testing, multivariate testing, clustering, and supervised learning, to solve product and business problems with high impact.
Moniepoint provides an all-in-one fintech platform for businesses and individuals in emerging markets, combining payments, banking, and business-management tools. Its product lets users accept digital payments, perform instant transfers and bill payments, manage expenses with cards, and handle accounting or bookkeeping, plus access working-capital loans to grow inventory and expansion. The platform is an integrated hub, built to serve many small businesses on a single system rather than through separate apps, supported by a large and active user base. Its goal is to expand financial inclusion and foster local economic growth by offering accessible, end-to-end financial services.
Company Size
5,001-10,000
Company Stage
Series C
Total Funding
$265.6M
Headquarters
London, United Kingdom
Founded
2015
Get referred to Moniepoint Group
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Simplify's Take
What believers are saying
- Moniepoint disbursed over $700 million to MSMEs in 2025, accelerating loan-driven stickiness.
- July 2026 Impact Report showed $250 billion annual transaction value and 20 million users.
- Rose Muturi's July 2026 Kenya appointment strengthens local execution after the Sumac acquisition.
What critics are saying
- The February 2026 Oyo privacy suit threatens NDPA precedent and N50 million damages.
- Alerzo's ₦4.38 billion debt case exposes concentrated credit risk and aggressive collections.
- Kenya expansion faces Safaricom, Equity, and mobile money competition before 2027 profitability.
What makes Moniepoint Group unique
- Moniepoint's transaction-data underwriting unlocked first formal loans for 75% of 2025 borrowers.
- Its platform spans payments, banking, credit, Moniebook, and restaurant software after Orda acquisition.
- A deposit-taking license through Sumac gives Moniepoint Kenya banking rails other fintechs lack.
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6 month growth
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↑ 58%2 year growth
↑ 60%A deep dive into Proparco's 14 African investments. As a development finance institution (DFI), Proparco's venture activity in Africa is defined by its role as a syndicate partner, not a leader. The fund has led only one of its 14 tracked deals, indicating a clear prefere AU-Startups · Midnight Proparco leads just 7% of its African venture deals. As a development finance institution (DFI), Proparco's venture activity in Africa is defined by its role as a syndicate partner, not a leader. The fund has led only one of its 14 tracked deals, indicating a clear preference for joining rounds where other investors set the terms and valuation. This follower strategy, combined with a heavy concentration in fintech and frequent collaboration with other institutional investors, paints a picture of a capital provider that amplifies existing venture rounds rather than originating them. How they actually invest. Proparco's investment strategy spans from seed to Series C, but its activity clusters around early-growth stages. Series A rounds are the most frequent target, accounting for four of their 14 deals, with seed and bridge rounds each appearing three times. This suggests a mandate that is flexible on stage but finds a sweet spot in providing capital to companies that have already found product-market fit. Their behaviour is overwhelmingly that of a co-investor. Leading just 7% of their deals means that in 13 out of 14 cases, they relied on a different fund to take the lead director seat, conduct primary diligence, and set the terms of the deal. While they have participated in rounds with a total disclosed value of $306.4M, their individual cheque sizes remain unknown. The portfolio shows a powerful sector focus: 50% of the 12 companies they have backed are in fintech, a concentration that points to a clear and deeply held investment thesis. Who they invest alongside. Proparco's co-investor network reveals two primary channels for deal flow: other DFIs and established African venture capital funds. They have shared three deals with the International Finance Corporation (IFC), suggesting a strong syndication relationship between a DFI and the World Bank's private sector arm. This pattern points to a flow of deals that are vetted and structured within the institutional development finance community. At the same time, Proparco frequently partners with traditional VCs. They have joined rounds with E3 Capital, Launch Africa, and Digital Africa twice each. This demonstrates an ability to tap into the mainstream African venture ecosystem, likely joining rounds sourced and led by these on-the-ground fund managers. For founders, this means a commitment from one of these VCs could serve as a strong signal and a direct pathway to securing Proparco as a co-investor. What these bets say about the market. A funding gap of approximately $32.2 billion exists for Micro, Small, and Medium-sized Enterprises in Nigeria, according to one report. These businesses form the backbone of the economy but have been historically neglected by traditional banks, limiting their access to credit and reliable digital payments. Proparco has backed Moniepoint, a company building a full suite of financial tools for this segment. In the Democratic Republic of Congo, less than 20% of the population has access to electricity. This forces most businesses and households to depend on diesel generators, a market valued at $46.4 million in 2021 and projected to reach $62.1 million by 2030, according to ResearchAndMarkets.com. Proparco has invested in Nuru, a company developing and operating solar-powered metrogrids to provide a reliable alternative. Across the Middle East and Africa, a significant gap persists between the skills of young graduates and the needs of the technology job market, contributing to high youth unemployment. Traditional academic institutions often fail to provide the practical, job-ready digital skills that employers require. Proparco's portfolio includes an investment in GOMYCODE, an edtech company that provides blended online and in-person training. The supply chain for informal retailers in Francophone Africa is highly fragmented, with multiple layers of middlemen driving up costs and creating unreliable delivery. This structure limits shop owners' access to inventory and working capital, while denying FMCG brands visibility into their distribution channels. Proparco has backed Maad, a B2B e-commerce platform digitising procurement for these small retailers. What the portfolio is betting on. Proparco's investments reveal a clear thesis centred on fintech as foundational infrastructure for Africa's economies. With six of its 12 portfolio companies operating in this sector, the fund is betting heavily on platforms that enable payments, credit, and financial management for businesses. This is best exemplified by its backing of Moniepoint, which provides an all-in-one digital banking service for SMEs in Nigeria. Beyond pure fintech, the portfolio shows a focus on digitising other core sectors. This includes logistics and commerce through its investment in Maad, which is building a B2B marketplace for informal retailers in Senegal, and mobility through its backing of Fleeti. A third pillar of the strategy is investing in fundamental human and physical capital. This is visible in their support for edtech companies like GOMYCODE and Moringa School, which address the digital skills gap. It is also evident in their backing of Nuru, which is building critical energy infrastructure in the DRC. What we cannot see. Our data provides a clear view of Proparco's strategy, but it has important limitations. Most significantly, we cannot see the size of their individual cheques. The database tracks the $306.4M total value of the rounds they joined, but not their specific contribution, making it impossible to know if they typically write $1M or $10M cheques. Furthermore, the data on two of the 14 rounds is undisclosed, and the value of the bridge round for Moringa School is also missing, obscuring a portion of their investment activity. The scope of our data is the fund's "tracked activity", which may not represent its entire African venture portfolio. Finally, with a portfolio that began in mid-2022 and no recorded exits, it is too early to draw firm conclusions about their follow-on strategy or expected returns profile. If you are pitching them. * Secure a lead investor first. With a 7% lead rate, Proparco is almost certainly not going to lead your round. Your best approach is to pitch them to join a syndicate that already has a committed lead. * Your business should probably be in fintech. Half of their portfolio is in fintech, making it their clear area of focus. Companies providing financial infrastructure or services to SMEs are particularly well aligned with their demonstrated interests. * Get an introduction from their partners. Proparco consistently invests alongside the IFC, E3 Capital, Launch Africa, and Digital Africa. A commitment from one of these funds is likely the most effective way to get their attention. * Emphasise your long-term development impact. As a DFI, Proparco has a mandate that extends beyond purely financial returns. Founders who can clearly articulate their company's role in solving fundamental market problems, such as financial inclusion or infrastructure gaps, will resonate with their mission. Analysis reflects the writer's views based on public sources as of publication. For informational purposes; not financial or legal advice. Verify independently before acting on it. Editorial policy · Disclaimer.
Moniepoint says unexpected expenses disrupt 73% of Nigerians' savings plans. 32 minutes ago Moniepoint Microfinance Bank has launched a new range of savings products and a campaign aimed at helping Nigerians build financial resilience and manage unexpected expenses. The campaign, tagged "One Step Ahead," features Nollywood actress and filmmaker Funke Akindele, popularly known as Jenifa. The bank said the initiative was informed by findings from a recent customer survey which showed that unexpected expenses accounted for 72.8 per cent of disruptions to savings plans among respondents, while irregular income affected 51 per cent of savers. According to Moniepoint, the findings highlight the need for savings products that provide financial discipline while allowing customers sufficient flexibility to respond to unforeseen circumstances. Moniepoint Microfinance Bank said the new savings solutions were developed to address challenges faced by customers in managing their finances. "These innovative savings solutions were developed specifically to ease customer pain points. "Our ecosystem gives everyone the flexibility to grow their money and access it whenever they need it, combined with some of the best rates in the market - an offering that is truly unique," Olofin said. He said the bank's savings initiative was designed not only to help customers accumulate money but also to provide financial confidence as they worked toward personal and business goals. "Its mission is to create financial happiness for everyone. "A savings product like this is a critical tool for ensuring people can confidently make their dreams come true while saving for both rainy and sunny days," he said. Olofin said disciplined saving could help individuals and businesses achieve their financial goals while reducing the impact of unforeseen expenses. He added that Moniepoint's digital payments infrastructure was designed to provide customers with access to liquidity and the confidence to manage their finances more effectively. Moniepoint said it currently serves more than 20 million business banking and personal customers. The bank said the new product range comprised four savings options designed to meet different financial goals, lifestyles and cash-flow requirements. It said customers could begin their savings journey with a minimum deposit of ₦1,000, except for premium tiers. The Target Savings product allows customers to withdraw up to 50 per cent of their savings once without losing accrued interest, with interest rates of up to 11.5 per cent per annum. The Flexible Savings product allows customers up to four withdrawals per month without losing interest, with rates of up to 9.5 per cent per annum. The Fixed Deposit product offers customers interest upfront, with rates of up to 17.5 per cent per annum. The Save As You Transact option enables customers to save as they spend while retaining access to their funds without withdrawal restrictions. Moniepoint said the products were designed to provide customers with different levels of flexibility depending on their financial objectives and cash-flow needs. The bank said non-Moniepoint customers could access the savings products by downloading its business or personal banking application, completing the account-opening process and meeting applicable Know Your Customer requirements. The "One Step Ahead" campaign seeks to position savings as a tool for preparing for both expected and unexpected financial needs. Moniepoint said the campaign was also intended to encourage Nigerians to develop stronger savings habits while providing access to products that could accommodate changes in their financial circumstances. The bank said Akindele was selected as the creative face of the campaign because of her connection with Nigerian audiences through her long-running "Jenifa's Diary" television series. The series, which began airing in 2015, has run for more than 20 seasons and remains popular among Nigerian television audiences. Moniepoint said the hair salon setting associated with the series provided a familiar environment through which the campaign could communicate its savings message. Akindele, an award-winning actress, filmmaker and producer, has established a significant presence in Nigeria's entertainment industry and across the African diaspora. The bank said her involvement was expected to help communicate the importance of financial preparedness and disciplined saving to a broad audience. Moniepoint said the new savings products and campaign formed part of its broader commitment to financial inclusion by providing individuals and businesses with tools to save, transact and manage their finances through digital banking services. The bank urged Nigerians to consider building savings habits that could help them remain financially prepared for unexpected expenses while working toward their long-term goals. 3 Total views, 3 Views today Spread the love
Can Access Bank's AI push help Nigerian MSMEs cut costs and grow revenue in 2026? Access Bank and Nigeria's FG are pushing AI adoption to help MSMEs cut costs and grow revenue in 2026. Discover the opportunities and risks inside. If you're planning to build a scalable product, choosing the right service is critical. Its expertise includes IT Consulting, Full Stack Development, Cloud Services. When Nigeria's Federal Government and Access Bank announced a joint push to bring AI into the hands of micro, small, and medium enterprises, most coverage focused on funding numbers. The real story is different: capital was never the biggest bottleneck for MSMEs - decision-making intelligence was. Access to a loan doesn't tell a shop owner which products to restock, which customers are about to churn, or where cash is silently leaking. AI does. What is the concept. The FG-Access Bank initiative pairs existing MSME funding and advisory programs with AI-powered tools - think automated bookkeeping, demand forecasting, credit scoring, and customer service chatbots - bundled into products MSMEs already use, like business banking apps and government-backed loan platforms. Instead of asking business owners to buy separate software, the AI capability rides on top of financial services they're already engaging with. This matters because most MSMEs in Nigeria and across Africa don't fail from lack of ambition; they fail from thin margins and blind decision-making. Embedding AI directly into banking rails - rather than selling it as a standalone SaaS product - removes the two biggest adoption barriers: cost and technical literacy. Why it matters now (2025-2026 context). MSMEs contribute the overwhelming majority of employment in Nigeria's economy, yet they operate on the thinnest data infrastructure. Rising input costs, currency volatility, and tighter lending conditions through 2025 pushed many owners into pure survival mode - reactive purchasing, no forecasting, no formal bookkeeping. A government-backed AI push signals a shift from "give MSMEs money" to "give MSMEs intelligence," which is a fundamentally different - and more durable - growth lever. For banks like Access Bank, this is also a margin play. AI-scored MSME lending reduces default risk and origination cost, meaning banks can profitably serve segments they previously avoided. That alignment of incentives - banks wanting better data, MSMEs needing better decisions - is why this kind of partnership is likely to scale faster than pure government subsidy programs. How AI is changing this. Three categories of AI tools are doing the heavy lifting inside these programs: automated financial record-keeping that turns raw transaction data into real-time cash flow visibility, alternative credit-scoring models that assess MSMEs using transaction history instead of collateral, and demand-forecasting tools that help small retailers avoid overstocking or stockouts. None of this requires a data science team - it requires the MSME to keep using their existing banking app. RP SoftTech call this progression the AI Readiness Ladder for MSMEs: Digitize (get transactions into a system), Automate (let AI handle bookkeeping and alerts), and Predict (use AI for forecasting and credit access). Most Nigerian MSMEs are still stuck on rung one. Programs like this are designed to push them onto rungs two and three without a separate purchase decision. Real-World examples. Access Bank has previously run MSME-focused digital lending products that use transaction data rather than traditional collateral to underwrite loans - a model similar to what Kenya's M-Pesa-linked lenders and India's UPI-based credit scoring have proven can work at scale. Layering AI-driven forecasting and automated bookkeeping on top of that lending infrastructure is a natural next step, and mirrors moves by fintechs like Flutterwave and Moniepoint, which have already added AI-assisted reconciliation and fraud detection to their MSME products. The pattern across these markets is consistent: MSMEs adopt AI fastest when it's invisible - embedded inside a tool they already trust - not when it's marketed as a new piece of software to learn. Practical insights / actions. The most common founder mistake in this moment is waiting for a "complete" AI solution before digitizing at all. MSME owners should start now by moving every transaction - sales, expenses, supplier payments - into a single digital banking or bookkeeping tool. AI forecasting and credit scoring only work on clean, consistent data; a business with six months of digital transaction history will qualify for AI-assisted credit and insights far sooner than one still relying on paper ledgers. The hidden opportunity here isn't the AI feature itself - it's the credit history it builds. MSMEs that adopt these tools early are effectively building a data-backed track record that will make future funding rounds, whether from Access Bank or elsewhere, faster and cheaper to access. Future outlook. Expect more Nigerian banks to follow this embedded-AI model through 2026, since the cost of building or licensing these AI capabilities keeps falling while MSME lending margins remain attractive. The government's role will likely shift from direct funding toward setting data-sharing and interoperability standards, so MSME transaction data can move between banks without owners losing their credit history. The MSMEs that win will be the ones treating this as an infrastructure upgrade, not a one-time grant. For businesses that want to move beyond basic digitization into actual automation and forecasting, working with a technology partner that understands both the AI tooling and the local business context - like RP SoftTech - can shorten the path from "digitized" to "predictive" considerably. Conclusion. The FG-Access Bank AI push is less about handing MSMEs a new gadget and more about rewiring how small businesses make decisions. The owners who digitize their operations now, rather than waiting for a perfect AI product, will be the ones positioned to benefit most from every funding and forecasting tool that follows in 2026 and beyond. About RP SoftTech: RP SoftTech is a software development company helping startups and SMEs build mobile apps, web platforms, and AI automation systems. Contact RP SoftTech or explore its services. Suggested reading. AI for Nigerian MSMEs Access Bank AI MSME support FG MSME digital transformation AI adoption for small business Nigeria MSME growth strategy 2026 Looking to build a similar solution?
Moniepoint publishes Inaugural Impact Report, revealing how first-time access to credit is transforming Nigerian businesses. Moniepoint Inc, Africa's all-in-one financial ecosystem platform for individuals, businesses, and their customers, today publishes its inaugural Impact Report titled "Creating Financial Happiness. The report captures Moniepoint's evolution from a financial infrastructure provider into a comprehensive financial ecosystem, now serving over 20 million businesses and individuals, processing over $250 billion in transaction value annually. It also highlights the impact of expanded access to credit, banking, and business management tools for MSMEs in Nigeria, which face a funding gap of approximately $32.2 billion. At the heart of the report is access to credit. In 2025, Moniepoint disbursed more than $700 million in loans to MSMEs. For three out of four borrowers, a loan from Moniepoint was the first formal business credit their enterprise had ever accessed. This is made possible by its unique approach to lending. Rather than relying on the collateral and extensive documentation that tend to exclude many small businesses, Moniepoint uses proprietary transaction data to assess business cash flow and creditworthiness, extending access to finance for thousands of businesses. The impact of this model extends beyond access to finance. Businesses that received credit recorded a 36% increase in average transaction value, while enterprises banking with Moniepoint employed more than 8 million people in 2025. One of the clearest examples of this approach is Moniepoint's lending to women-owned businesses. Despite accounting for around one-third of Nigeria's MSMEs, women entrepreneurs face disproportionate barriers to formal finance. Its portfolio analysis found that women borrowers had a default rate 2.5 times lower than men, reinforcing the case for a more data-driven approach to lending. Guided by these insights, Moniepoint increased lending to women-owned businesses by more than 300% in 2025, with women accounting for 36% of its loan portfolio, well above the industry benchmark of 15 to 25%. For 62% of surveyed women entrepreneurs, a Moniepoint loan was the first formal business loan they had ever received. Beyond access to credit, the report highlights how Moniepoint's payments infrastructure is extending financial access to underserved communities. For customers without smartphones or reliable internet, Moniepoint's USSD service turns a basic feature phone into a banking tool. People without smartphones carried out over $170 million in transactions by dialling a simple code. Across the country, Moniepoint's POS terminals operate in all 774 local government areas and enable payments for 100 million people in 2025. These gains are showing up in how people experience their financial lives. In surveys of Moniepoint users, 83% reported that their quality of life has improved, and 85% reported increased confidence in achieving their financial goals. Speaking about the report, Tosin Eniolorunda, Co-Founder and Group CEO of Moniepoint Inc., said: "Ten years ago, Nigerian Frank News Nigeria began this journey with a simple but audacious goal - to build financial infrastructure that worked for everyone. Today, that goal has crystallised into its mission of creating a world where every African, everywhere, can experience financial happiness. This report shows how that vision is taking shape, through the lives and businesses that are improving because they now have access to the right financial tools. For 75% of the businesses Nigerian Frank News Nigeria lent to this year, ours was the first formal business loan they had ever received. Nigerian Frank News Nigeria also significantly expanded lending to women-owned businesses because Nigerian Frank News Nigeria know that when African women thrive, entire communities are uplifted." He added: "Nigerian Frank News Nigeria is already seeing those investments bear fruit, with businesses that accessed its credit recording a 36% increase in average transaction value, and the enterprises Nigerian Frank News Nigeria serve now supporting more than eight million jobs. That is what financial happiness means to Nigerian Frank News Nigeria, creating opportunities that help people, businesses and communities grow." The report also captures Moniepoint's continued expansion beyond Nigeria. During the year, Moniepoint entered East Africa through the acquisition of Sumac Microfinance Bank in Kenya, extending its model of inclusive financial services to a new market, whilst launching Moniebook, an integrated platform combining payments, bookkeeping and inventory management to help small businesses manage and grow their operations more efficiently. Beyond its commercial operations, the report also highlights Moniepoint's broader contribution to economic and social development through investments in talent, education, entrepreneurship and community development. Guided by the UN Sustainable Development Goals, the financial giant has expanded employment pathways through initiatives such as Women in Tech and DreamDevs engineering programmes, while supporting STEM education, financial literacy, women entrepreneurs and underserved children, collectively reaching tens of thousands of beneficiaries. Through strategic delivery partnerships, Moniepoint has also supported large-scale government intervention programmes, enabling subsidised food distribution to more than 800,000 people in northern Nigeria. Named one of TIME's 100 Most Influential Companies in 2025 and recognised by the Financial Times among Africa's Fastest-Growing Companies, Moniepoint has grown into a global company employing more than 3,300 people across 10 countries. The full 2025 Impact Report is available at impact.moniepoint.com.
First-Time credit access is transforming african businesses - Moniepoint report. Moniepoint Inc., the financial technology company powering payments and banking for millions across Africa, has released its first-ever Impact Report and the report reveals that access to credit is opening doors for business owners who had never received a formal loan before. The report, titled "Creating Financial Happiness," shows that the company now serves over 20 million people and businesses across the continent, processing more than $250 billion in transactions each year. What started as a financial infrastructure provider has grown into a full-service platform offering banking, payments, credit, and business management tools. Perhaps the most striking finding in the report centres on access to credit. In 2025 alone, Moniepoint handed out more than $700 million in loans to small and medium-sized businesses. For three out of every four business owners who received these loans, it was the first time their enterprise had ever accessed formal credit. The impact was clear, businesses that took Moniepoint loans saw their average transaction value jump by 36 percent, showing that when small businesses get funding, they grow. The company also made a strong push to support women entrepreneurs. Lending to female-owned businesses increased by over 300 percent in 2025. Women now make up 36 percent of Moniepoint's loan portfolio, significantly higher than the industry average of 15 to 25 percent. For nearly two-thirds of the women surveyed, the Moniepoint loan was their first-ever formal business financing. The report noted that women entrepreneurs are 2.5 times less likely to default on loans than their male counterparts, yet many remain locked out of traditional banking. Tosin Eniolorunda, Co-Founder and Group CEO of Moniepoint Inc., said the report shows how much untapped potential exists across Africa. "For so many of the entrepreneurs we lent to last year, ours was the first formal loan their business had ever received, a reminder of how much untapped potential exists across the continent. This potential is unlocked when access to credit is no longer a barrier," he said. Eniolorunda added that the company's goal remains unchanged from what it set out to achieve ten years ago: building the infrastructure needed to bring financial services to everyone. Beyond lending, the report highlights Moniepoint's investments in people and communities. The company runs training programmes such as Women in Tech and DreamDevs to create employment pathways in engineering. It also supports STEM education, financial literacy training, and programmes for underserved children, reaching tens of thousands of beneficiaries across Africa. Moniepoint which was named one of TIME's 100 Most Influential Companies in 2025 and has been consistently recognised by the Financial Times as one of Africa's Fastest-Growing Companies, now employs more than 3,300 people across 10 countries.