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href="/blog"><img src="/blog/arr.svg" alt=""/>back</a></div><div style="height:undefinedpx" class="article_article-left-sb__GVhV_"><p>News</p></div><div class="article_article-left-dt__dHDdT"><p>May 02, 2023</p><svg width="6" height="7" viewBox="0 0 6 7" fill="none" xmlns="http://www.w3.org/2000/svg"><circle cx="3" cy="3.5" r="3" fill="#0357EE"></circle></svg><p>2 mins read</p></div></div><div class="article_article-main__C8_wM"><div style="height:undefinedpx"></div><div class="article_article-main-sb__c52d1"><h1>Moniepoint Ranks 2nd on the Financial Times’ List of Africa’s Fastest Growing Companies.</h1><div class="article_div__TMtqW"><p>by <a href="/blog/author/didi-wwem">Didi Uwem</a></p><div class="article_article-left-sc__vWgap"><button aria-label="telegram" style="background-color:transparent;border:none;padding:0;font:inherit;color:inherit;cursor:pointer;outline:none"><img src="/blog/telegram.svg" alt=""/></button><button aria-label="twitter" 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This list was compiled by <a title="https://www.statista.com" href="https://www.statista.com"><u>Statista</u></a>, a leading research company renowned for its insight into African companies’ performance, in a rigorous screening process.</p><p>Since our pivot towards creating solutions for businesses in 2019, we’ve had one goal - to power the <a title="https://moniepoint.com/ng/business/business-account" href="https://moniepoint.com/ng/business/business-account">dreams of businesses</a> in emerging markets. Every growth on every metric we’ve seen since then, speaks primarily to the progress we’ve made with creating solutions that over a million businesses can depend on.</p><p>In this survey, companies were ranked by their revenue’s absolute growth rate and compound annual growth rate (CAGR), between 2018 and 2021. Our growth rates of 321% (absolute) and 7,373% (CAGR) in this period, led to us claiming the number 2 spot, ahead of hundreds of leading companies from diverse industries like technology, telecoms, financial services and healthcare.</p><p>Our team has also grown massively in this period, and there are now over a thousand of us, all of whose collective efforts are validated by this recognition. Our focus on demographics that are typically excluded from formal systems remains unchanged as we remain devoted to powering the dreams of businesses across emerging markets.</p></div><aside class="article_article-main-aside__VMvUW"><p>Share</p><div class="article_article-left-sc__vWgap"><button aria-label="telegram" style="background-color:transparent;border:none;padding:0;font:inherit;color:inherit;cursor:pointer;outline:none"><img src="/blog/telegram.svg" alt=""/></button><button aria-label="twitter" style="background-color:transparent;border:none;padding:0;font:inherit;color:inherit;cursor:pointer;outline:none"><img src="/blog/twitter.svg" alt=""/></button><button aria-label="facebook" style="background-color:transparent;border:none;padding:0;font:inherit;color:inherit;cursor:pointer;outline:none"><img src="/blog/facebook.svg" alt=""/></button><button><svg width="16" height="16" viewBox="0 0 16 16" fill="none" xmlns="http://www.w3.org/2000/svg"><g 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1.33333H12.6654C13.0337 1.33333 13.332 1.63167 13.332 2V11.3333Z" fill="#0357EE"></path></g><defs><clipPath id="clip0_1071_19383"><rect width="16" height="16" fill="white"></rect></clipPath></defs></svg>Copy link</button></div></aside></div></div></div></section><section class="article_article-more__p_7bX"><header class="article_article-more-header__voAm8"><h2>Read similar stories</h2></header><div class="article_article-more-list__SDjOY"><a class="blog_blog-item__H40aR" href="/blog/moniepoint-has-raised-usdollar110-million"><img draggable="false" alt="Moniepoint has raised US$110 million to power the dreams of millions of Africans everywhere." loading="lazy" width="404" height="316" decoding="async" data-nimg="1" class="Image_img__GXm1C" style="color:transparent;--width:404;--height:316" src="https://media.graphassets.com/output=format:webp/KVBEhlaSr6ERPRXby60b"/><div class="blog_blog-item-div__VxhwG"><div class="blog_blog-item-hd__kHJTC"><h6>News</h6><p>October 29, 2024</p></div><h4 class="blog_blog-item-h4__5Kd28">Moniepoint has raised US$110 million to power the dreams of millions of Africans everywhere.</h4><p class="blog_blog-item-p__Y4_cj">by Tosin Eniolorunda</p></div></a><a class="blog_blog-item__H40aR" href="/blog/moniepoint-gives-stem-education-a-big-boost-as-oau-commissions-tosin-eniolorunda-design-lab"><img draggable="false" alt="Moniepoint gives STEM education a big boost as OAU commissions Tosin Eniolorunda Design lab " loading="lazy" width="404" height="316" decoding="async" data-nimg="1" class="Image_img__GXm1C" style="color:transparent;--width:404;--height:316" src="https://media.graphassets.com/output=format:webp/tPVUixvJRLekvwPGMu0x"/><div class="blog_blog-item-div__VxhwG"><div class="blog_blog-item-hd__kHJTC"><h6>News</h6><p>October 17, 2024</p></div><h4 class="blog_blog-item-h4__5Kd28">Moniepoint gives STEM education a big boost as OAU commissions Tosin Eniolorunda Design lab </h4><p class="blog_blog-item-p__Y4_cj">by Bemigho Awala</p></div></a><a class="blog_blog-item__H40aR" href="/blog/moniepoint-bags-a-hat-trick-of-awards-as-eniolorunda-named-outstanding-fintech-personality-of-the-year"><img draggable="false" alt="Moniepoint bags a hat trick of awards as Eniolorunda named Outstanding Fintech Personality of the Year" loading="lazy" width="404" height="316" decoding="async" data-nimg="1" class="Image_img__GXm1C" style="color:transparent;--width:404;--height:316" src="https://media.graphassets.com/output=format:webp/MGzkTsB8SY2GmjgPRa2X"/><div class="blog_blog-item-div__VxhwG"><div class="blog_blog-item-hd__kHJTC"><h6>News</h6><p>October 17, 2024</p></div><h4 class="blog_blog-item-h4__5Kd28">Moniepoint bags a hat trick of awards as Eniolorunda named Outstanding Fintech Personality of the Year</h4><p class="blog_blog-item-p__Y4_cj">by Bemigho Awala</p></div></a></div></section><div style="background:white" id="subscribe"><div class="blog_card-container__1_7h_"><div class="blog_card__bgjB1"><div 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Additional disclosures can be found in the resources section of our website.</p></div></div></footer></main></div><script id="__NEXT_DATA__" type="application/json">{"props":{"pageProps":{"article":{"__typename":"Post","author":{"__typename":"Author","name":"Didi Uwem","slug":"didi-wwem"},"content":{"__typename":"PostContentRichText","html":"\u003cp\u003e\u003c/p\u003e\u003cimg src=\"https://media.graphassets.com/oI2EJ0scSDWG1FlDzrHs\" alt=\"ft 2nd blog post.jpeg\" title=\"ft 2nd blog post.jpeg\" width=\"2048\" height=\"2048\" /\u003e\u003cp\u003eTL;DR: Moniepoint has been listed as the second fastest-growing company in Nigeria by the Financial Times in its latest ranking.\u003c/p\u003e\u003cp\u003eWe’ve recently been listed by the Financial Times, the world’s leading financial publication, as second on its annual list of Africa’s Fastest Growing Companies. This list was compiled by \u003ca title=\"https://www.statista.com\" href=\"https://www.statista.com\"\u003e\u003cu\u003eStatista\u003c/u\u003e\u003c/a\u003e, a leading research company renowned for its insight into African companies’ performance, in a rigorous screening process.\u003c/p\u003e\u003cp\u003eSince our pivot towards creating solutions for businesses in 2019, we’ve had one goal - to power the \u003ca title=\"https://moniepoint.com/ng/business/business-account\" href=\"https://moniepoint.com/ng/business/business-account\"\u003edreams of businesses\u003c/a\u003e in emerging markets. Every growth on every metric we’ve seen since then, speaks primarily to the progress we’ve made with creating solutions that over a million businesses can depend on.\u003c/p\u003e\u003cp\u003eIn this survey, companies were ranked by their revenue’s absolute growth rate and compound annual growth rate (CAGR), between 2018 and 2021. Our growth rates of 321% (absolute) and 7,373% (CAGR) in this period, led to us claiming the number 2 spot, ahead of hundreds of leading companies from diverse industries like technology, telecoms, financial services and healthcare.\u003c/p\u003e\u003cp\u003eOur team has also grown massively in this period, and there are now over a thousand of us, all of whose collective efforts are validated by this recognition. Our focus on demographics that are typically excluded from formal systems remains unchanged as we remain devoted to powering the dreams of businesses across emerging markets.\u003c/p\u003e","text":"\\n\\nTL;DR: Moniepoint has been listed as the second fastest-growing company in Nigeria by the Financial Times in its latest ranking.\\nWe’ve recently been listed by the Financial Times, the world’s leading financial publication, as second on its annual list of Africa’s Fastest Growing Companies. This list was compiled by \\nStatista\\n, a leading research company renowned for its insight into African companies’ performance, in a rigorous screening process.\\nSince our pivot towards creating solutions for businesses in 2019, we’ve had one goal - to power the \\ndreams of businesses\\n in emerging markets. Every growth on every metric we’ve seen since then, speaks primarily to the progress we’ve made with creating solutions that over a million businesses can depend on.\\nIn this survey, companies were ranked by their revenue’s absolute growth rate and compound annual growth rate (CAGR), between 2018 and 2021. Our growth rates of 321% (absolute) and 7,373% (CAGR) in this period, led to us claiming the number 2 spot, ahead of hundreds of leading companies from diverse industries like technology, telecoms, financial services and healthcare.\\nOur team has also grown massively in this period, and there are now over a thousand of us, all of whose collective efforts are validated by this recognition. Our focus on demographics that are typically excluded from formal systems remains unchanged as we remain devoted to powering the dreams of businesses across emerging markets."},"coverImage":{"__typename":"Asset","url":"https://media.graphassets.com/output=format:webp/oI2EJ0scSDWG1FlDzrHs"},"slug":"moniepoint-ranked-2nd-on-financial-times-list-of-africas-fastest-growing-companies","title":"Moniepoint Ranks 2nd on the Financial Times’ List of Africa’s Fastest Growing Companies.","date":"2023-05-02","category":{"__typename":"Category","categoryName":"News"},"topStoryCoverImage":null,"metadata":null},"similarArticles":[{"__typename":"Post","title":"Moniepoint has raised US$110 million to power the dreams of millions of Africans everywhere.","author":{"__typename":"Author","name":"Tosin Eniolorunda","slug":"tosin-eniolorunda"},"slug":"moniepoint-has-raised-usdollar110-million","date":"2024-10-29","category":{"__typename":"Category","categoryName":"News"},"coverImage":{"__typename":"Asset","url":"https://media.graphassets.com/output=format:webp/KVBEhlaSr6ERPRXby60b"}},{"__typename":"Post","title":"Moniepoint gives STEM education a big boost as OAU commissions Tosin Eniolorunda Design lab ","author":{"__typename":"Author","name":"Bemigho Awala","slug":"bemigho-awala"},"slug":"moniepoint-gives-stem-education-a-big-boost-as-oau-commissions-tosin-eniolorunda-design-lab","date":"2024-10-17","category":{"__typename":"Category","categoryName":"News"},"coverImage":{"__typename":"Asset","url":"https://media.graphassets.com/output=format:webp/tPVUixvJRLekvwPGMu0x"}},{"__typename":"Post","title":"Moniepoint bags a hat trick of awards as Eniolorunda named Outstanding Fintech Personality of the Year","author":{"__typename":"Author","name":"Bemigho Awala","slug":"bemigho-awala"},"slug":"moniepoint-bags-a-hat-trick-of-awards-as-eniolorunda-named-outstanding-fintech-personality-of-the-year","date":"2024-10-17","category":{"__typename":"Category","categoryName":"News"},"coverImage":{"__typename":"Asset","url":"https://media.graphassets.com/output=format:webp/MGzkTsB8SY2GmjgPRa2X"}}]},"__N_SSG":true},"page":"/blog/[slug]","query":{"slug":"moniepoint-ranked-2nd-on-financial-times-list-of-africas-fastest-growing-companies"},"buildId":"My9t4onNeQNdm2LwvcARZ","isFallback":false,"dynamicIds":[3399,5814,9601,8736],"gsp":true,"customServer":true,"scriptLoader":[]}</script><script nomodule="" src="/_next/static/chunks/polyfills-c67a75d1b6f99dc8.js"></script><script async="" src="/_next/static/chunks/5814.dc88a4fb52f3d5c8.js"></script><script async="" src="/_next/static/chunks/9601.3b8cb4723d6118fe.js"></script><script async="" src="/_next/static/chunks/461.1886a4014530188d.js"></script><script src="/_next/static/chunks/webpack-b7a27ed77178071b.js" async=""></script><script src="/_next/static/chunks/framework-9387e000915d7b64.js" async=""></script><script src="/_next/static/chunks/main-200559bed160a735.js" async=""></script><script src="/_next/static/chunks/pages/_app-369fdcc3ff266e26.js" async=""></script><script src="/_next/static/chunks/75fc9c18-8a1f02a78dd8d0bf.js" async=""></script><script src="/_next/static/chunks/94726e6d-e2c5216b63813317.js" async=""></script><script src="/_next/static/chunks/8404-a1184c33f2ad5142.js" async=""></script><script src="/_next/static/chunks/2465-79db34de84f3cbea.js" async=""></script><script src="/_next/static/chunks/1818-a5bd1f2ab16c283a.js" async=""></script><script src="/_next/static/chunks/3200-c6d00b04027d0289.js" async=""></script><script src="/_next/static/chunks/pages/blog/%5Bslug%5D-7033753dd68b57e6.js" async=""></script><script src="/_next/static/My9t4onNeQNdm2LwvcARZ/_buildManifest.js" async=""></script><script src="/_next/static/My9t4onNeQNdm2LwvcARZ/_ssgManifest.js" async=""></script></body></html>