Revolutionizing Fintech: The Inspiring Journey of Tosin Eniolorunda

February 6, 2024
Adedoyin Aronimo

Tosin Eniolorunda, the visionary mind behind MoniePoint Inc., has propelled Africa's second fastest-growing company and the continent's largest fintech platform by transaction volume. From his early years, Tosin demonstrated problem-solving and solution-oriented traits, evident in his innovative contributions to the fintech industry.

While pursuing Mechanical Engineering at OAU, Tosin immersed himself in developing both software and hardware solutions. Notably, he programmed the First Point of Sale (POS) software for Interswitch, revolutionizing payments in Nigeria. His journey at Interswitch, progressing from a software developer in 2009 to roles like senior software manager and product manager, enriched his expertise.

In 2015, Tosin co-founded TeamApt Inc., driven by a vision to create financial happiness through services for underserved populations. The company began by transforming payments and banking for businesses, starting with solutions for banks. Tosin's innovative introductions, such as the POS transfer solution, streamlined payment processes for businesses, contributing to TeamApt's success.

Remarkably, Tosin led TeamApt for three years without external funding until securing $5.5 Million in a Series A funding round in 2019. In 2023, he rebranded the company to MoniePoint Inc. and relocated its headquarters to London, aiming to globalize his vision.

Under Tosin's leadership, MoniePoint experienced phenomenal growth, surpassing 300% annually from 2018 to 2022. Becoming QED's first investment in Africa in 2022, MoniePoint received accolades like the National Inclusive Payment Initiative Award and the 2023 Leadership's Fintech Company of the Award.

Tosin Eniolorunda, a solution-focused entrepreneur, has navigated challenges, emerging as a prominent public speaker at national and international events, including the Abu Dhabi World Government Summit. His journey reflects resilience, innovation, and a commitment to transforming the fintech landscape.