Moniepoint Inc, a leading digital financial service provider, has been listed among the top 100 Financial Technology (Fintech) companies in the sixth annual CB Insights’ Fintech 100 ranking.
Mr Tosin Eniolorunda, the Group Chief Executive Officer, Moniepoint Inc, via a statement on Monday in Lagos, said the company’s listing was for the second year in a row.
CB Insights is regarded by top industry analysts as one of the most trusted source for technology market insights.
According to Eniolorunda, the Fintech 100 includes a mix of companies at different stages of maturity, product development, and funding.
He noted that the CB Insights’ research team selected these Fintech 100 winners from a pool of over 19,000 private companies, including applicants and nominees.
Eniolorunda said these companies were chosen based on factors including equity funding, investor profiles, business relationships, research and development activity.
Others, he stated, were news sentiment analysis, competitive landscape, proprietary Mosaic scores, as well as tech novelty and market potential.
Eniolorunda described the recognition as a testament to the company’s efforts in enhancing financial inclusion and transforming the lives of millions across the continent.
“We are honoured to be recognised by CB Insights as one of the top 100 fintech companies of 2023.
“Our team has worked tirelessly to deliver innovative solutions that empower individuals and businesses across Africa with accessible, efficient, and secure digital financial services.
“This listing validates our unwavering commitment towards powering dreams and driving financial happiness for everyone.
“It is also a strong reflection on our momentum in terms of growth, innovation and making a real difference in the marketplace,” he said.
Mr Chris Bendtsen, Lead Fintech Analyst, CB Insights, said this year’s Fintech 100 was shaping the future of real-time payments, spend management automation, embedded finance, and more.
“Together, they are not only increasing the pace of innovation, but launching new products and features to revolutionise the industry as a whole.
“I cannot wait to see what this cohort accomplishes next,” he said.
