Moniepoint introduces Moniebook to provide business owners a unified inventory and POS solution
Barely two months after announcing the completion of its Series C round, Moniepoint is deepening its grip on Nigeria’s business landscape with an integrated inventory-management and POS solution called Moniebook. The new product gives merchants real-time visibility into their sales, customers, payments, and stock levels.
According to Babatunde Olofin, Managing Director of Moniepoint MFB, Moniebook is designed to serve as a growth partner and a single source of truth for entrepreneurs who want more control over their operations.
Moniebook marks the fintech’s latest attempt to diversify its revenue streams beyond its agency banking roots. In the past two years, Moniepoint has expanded aggressively into retail banking, offering accounts, debit cards, and payment services to individuals and businesses. Today, it claims a combined 10 million customers across personal and business banking, processing more than $250 billion in annual payments.
The company has also been stretching beyond Nigeria’s borders. It recently launched a remittance product in the United Kingdom targeting the African diaspora, and its messaging has increasingly centred on “financial happiness for Africans everywhere” — a slogan that reflects an ambition that now extends beyond payments.
Read more: https://techpoint.africa/news/moniepoint-introduces-moniebook/
