Moniepoint Microfinance Bank has introduced Moniebook, a unified Point-of-Sale and business management system created to simplify and enhance operations for Micro, Small, and Medium Enterprises across Nigeria.
According to the fintech firm, Moniebook is the first solution in the country to fully merge payment processing and bookkeeping within a single platform. The innovation allows business owners to oversee inventory, track daily sales, receive payments, supervise staff activities, manage customer interactions, and access real-time business reports from one integrated system.
Managing Director of Moniepoint MFB, Babatunde Olofin, noted that the solution reinforces the bank’s commitment to equipping entrepreneurs with tools that support growth and operational excellence. He highlighted that the platform offers comprehensive visibility into sales patterns, customer behaviour, stock levels, and staff engagements, enabling businesses to expand more sustainably.
“Our focus has always been to empower businesses by providing solutions that enable their success. Moniebook is built to serve as a dependable growth partner for enterprises,” he stated.
During its beta rollout, Moniepoint enrolled over 4,000 businesses and recorded N19bn worth of transactions processed through the platform.
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A retail business owner known as BBQ Chef, who tested the solution in the pilot phase, shared that Moniebook enabled him to monitor more than N2m in sales within the first month. He described the platform as intuitive and highly effective for managing day-to-day business tasks.
Head of Product for Moniebook, Oluwole Adebiyi, explained that the platform was developed to address the recurring challenges Nigerian SMEs face when using multiple disjointed tools to run their operations. He said the new system brings essential functionalities together in one secure, scalable, and locally relevant platform.
“For years, SME operators have had to rely on several detached tools to handle key functions. This fragmentation slows growth and adds unnecessary complexity,” Adebiyi noted.
Moniepoint emphasized that Moniebook reflects its broader dedication to strengthening Nigeria’s MSME sector by helping entrepreneurs boost efficiency, minimize losses, and build resilient, technology-driven businesses.
