Nigerian fintech Moniepoint’s latest UK accounts reveal a dramatic swing into profitability, just as the company quietly transitions its British-to-Nigerian remittance experiment.
Filings with the UK’s Companies House on 7 October 2026 show that one major British entity, Moniepoint UK Ltd, reported £17.96 million in revenue and a £2.06 million profit for the year ended 31 December 2025. This marks a sharp reversal from the £8.81 million loss recorded in 2024.
However, a separate entity, Moniepoint Technologies UK Ltd, reported a loss after tax of $226,172 on $36,284 in revenue. The company noted that this revenue reflected just a single month of activity following the migration of its MonieWorld diaspora customers to the entity in December 2025.
The Short Span of MonieWorld
Moniepoint officially launched MonieWorld in April 2025, stepping beyond its core African business banking model to capture a slice of the competitive UK-to-Nigeria remittance corridor. Moniepoint acquired Bancom Europe Limited in July 2025, instantly gaining access to an Electronic Money Institution (EMI) licence authorised by the UK’s Financial Conduct Authority (FCA).
This generated immediate momentum, with Moniepoint reporting a 70% monthly growth in transaction volumes among its UK-based diaspora users. However, this ride was remarkably short.
In August 2026, just 16 months after launch, Moniepoint announced plans to unwind MonieWorld. The company stated it would redirect capital, technical capacity, and operational resources back to its core financial platform for African businesses.
This raises inevitable questions about MonieWorld’s underlying commercial viability. While Moniepoint’s public figures don’t break down whether high corridor costs or intense competition bled the product, the company framed the exit as a strategic pivot rather than a failure of demand.
For African fintechs eyeing global expansion, the Moniepoint case study offers a clear lesson. While acquiring a licensed entity like Bancom Europe solves the initial hurdle of regulatory access, building a sustainable cross-border operation demands massive, ongoing investments in compliance, localised marketing, and payment infrastructure.
What remains untold is the future of its UK regulatory footprint. Having purchased an FCA-regulated entity, Moniepoint now holds a British licence with no active diaspora product to justify it.
