• Latest
  • Trending

From setback to success: Tosin Eniolorunda’s journey from losing a major client to founding Moniepoint,a fintech unicorn,showcases the power of resilience,vision,and belief in local talent.

March 10, 2025

Robinho Speaks Out from Brazilian Prison Amid Nine-Year Sentence

October 29, 2025

UI Mourns First Female Political Science Professor, Prof. Aituaje Pogoson

October 29, 2025

Asset Recovery : EFCC Hands Over Properties Recovered from Fake Spiritualist

October 29, 2025

Ogun FRSC Public Relations Officer Passes Away

October 29, 2025

Sylva Denounces Coup Allegations as Baseless Amid Military Raid on Residence

October 29, 2025

NDLEA Files Forfeiture Suit Against Pretty Mike’s Club Over Drug Party

October 29, 2025

Delta Police Arrest Suspected Cultists, Gun Peddlers in Two Major Operations

October 29, 2025

BREAKING: Tinubu reverses Maryam Sanda’s pardon

October 29, 2025

$1.2m stadium fund: FIFA cannot build stadium for any nation – Rep

October 29, 2025

LOGIFF to Host First-Ever All-Spinsters and Bachelors Conference in Abeokuta

October 29, 2025

Lagos State Ministry of Information Boosts Support for Public Broadcast Stations

October 29, 2025

Remi Tinubu Launches 10 Digital Learning Centres to Empower Nigerian Youths

October 29, 2025

Israel confirms multiple strikes in Gaza’s deadliest night since truce

October 29, 2025

Alleged N2.7billion Fraud: Court Adjourns Hadi Sirika’s Trial Till Dec 9

October 29, 2025

UK Deports Ethiopian Sex Offender After Prison Release Blunder

October 29, 2025

APC woman leader seeks passage of reserved seat bill

October 29, 2025

NSCDC arrests five fake security operatives

October 29, 2025

Trump rules out third term bid, cites constitutional limit

October 29, 2025

Police rescues woman who tried to report sun at station

October 28, 2025

Ogun FRSC Spokesperson, Florence Okpe, Dies After Prolonged Illness

October 28, 2025

The Imperatives of Fresh Water Provisions and Conservation in the Socio- Economic Development of Nigeria

October 28, 2025

Nigeria’s Economy on Firm Growth Path

October 28, 2025

FG to expand cash transfer beyond 15 million households — Edun

October 28, 2025

US Permanently Revokes Wole Soyinka’s Visa

October 28, 2025

North-Central APC Faults Plateau Leaders for Rejecting Governor Mutfwang’s Defection Proposal

October 28, 2025

170 foreigners apply for Nigerian citizenship – Tunji-Ojo

October 28, 2025

Putin hails successful test of Russia’s nuclear-powered missile

October 28, 2025

Lagos Ministry Rescues Mentally Distressed Woman

October 28, 2025

Kanu Refuses to Open Defence, Claims No Case Against Him in Terrorism Trial

October 28, 2025

Rivers Court Acquits 12 in Police Inspector’s Death Amid Controversy

October 28, 2025
ADVERTISEMENT
  • Home
  • BREAKING NEWS
  • Tech
  • Entertainment
  • Lifestyle
  • Education
    • Sports
ValidView Network - Breaking News, Nigerian News, Nigerian newspapers, Entertainment, Videos, Sports, Business and Politics.
ADVERTISEMENT
  • Home
  • BREAKING NEWS
  • Tech
    • All
    • Apps

    A New Era Begins: Traffic Lights to Add Fourth White Signal for Autonomous Vehicles

    Nigerian Girls Triumph at 2025 Technovation Global Summit with AI Safety App

    Trump sees progress on TikTok, says will visit China

    French lawmakers urge socialmedia ban for under-15s

    The Future of Internet Connectivity in Nigeria: Opportunities and Challenges

    CBN awards OPay for financial inclusion innovation

    Trending Tags

    • Nintendo Switch
    • CES 2017
    • Playstation 4 Pro
    • Mark Zuckerberg
  • Entertainment
    • All
    • CELEBRATIONS
    • Gaming
    • History and Culture
    • Movie
    • Music
    • Sports

    Robinho Speaks Out from Brazilian Prison Amid Nine-Year Sentence

    $1.2m stadium fund: FIFA cannot build stadium for any nation – Rep

    Ogun State Governor Boosts Super Falcons with ₦50 Million Ahead of Crucial WAFCON Qualifier

    Why I chose A’Ibom for my music concert — Davido

    England Legend Swaps Football Glory for Life as a Courier

    Ooni of Ife and Alaafin of Oyo Seal Historic Yoruba Unity Pact

  • Lifestyle
    • All
    • Health

    Tinubu, Kessington Honoured at London’s House of Lords

    NHIA Reaffirms Commitment to Enrollee-Centered Care

    Lagos Intensifies Fight Against Gender-Based Violence

    FG Doubles Health Insurance Rates, Launches One-Hour Patient Referral Code

    FG Doubles Health Insurance Rates, Launches One-Hour Patient Referral Code

    Ondo State CPS Continues Support for Children of Deceased Journalists

    Trending Tags

    • Golden Globes
    • Game of Thrones
    • MotoGP 2017
    • eSports
    • Fashion Week
  • Education
    • Sports
No Result
View All Result
  • Home
  • BREAKING NEWS
  • Tech
    • All
    • Apps

    A New Era Begins: Traffic Lights to Add Fourth White Signal for Autonomous Vehicles

    Nigerian Girls Triumph at 2025 Technovation Global Summit with AI Safety App

    Trump sees progress on TikTok, says will visit China

    French lawmakers urge socialmedia ban for under-15s

    The Future of Internet Connectivity in Nigeria: Opportunities and Challenges

    CBN awards OPay for financial inclusion innovation

    Trending Tags

    • Nintendo Switch
    • CES 2017
    • Playstation 4 Pro
    • Mark Zuckerberg
  • Entertainment
    • All
    • CELEBRATIONS
    • Gaming
    • History and Culture
    • Movie
    • Music
    • Sports

    Robinho Speaks Out from Brazilian Prison Amid Nine-Year Sentence

    $1.2m stadium fund: FIFA cannot build stadium for any nation – Rep

    Ogun State Governor Boosts Super Falcons with ₦50 Million Ahead of Crucial WAFCON Qualifier

    Why I chose A’Ibom for my music concert — Davido

    England Legend Swaps Football Glory for Life as a Courier

    Ooni of Ife and Alaafin of Oyo Seal Historic Yoruba Unity Pact

  • Lifestyle
    • All
    • Health

    Tinubu, Kessington Honoured at London’s House of Lords

    NHIA Reaffirms Commitment to Enrollee-Centered Care

    Lagos Intensifies Fight Against Gender-Based Violence

    FG Doubles Health Insurance Rates, Launches One-Hour Patient Referral Code

    FG Doubles Health Insurance Rates, Launches One-Hour Patient Referral Code

    Ondo State CPS Continues Support for Children of Deceased Journalists

    Trending Tags

    • Golden Globes
    • Game of Thrones
    • MotoGP 2017
    • eSports
    • Fashion Week
  • Education
    • Sports
No Result
View All Result
ValidView Network - Breaking News, Nigerian News, Nigerian newspapers, Entertainment, Videos, Sports, Business and Politics.
No Result
View All Result

From setback to success: Tosin Eniolorunda’s journey from losing a major client to founding Moniepoint,a fintech unicorn,showcases the power of resilience,vision,and belief in local talent.

ValidViewNetwork by ValidViewNetwork
March 10, 2025
in Uncategorized
0 0
0
Home Uncategorized
ADVERTISEMENT
0
SHARES
20
VIEWS
Share on FacebookShare on Twitter
ADVERTISEMENT
Spread the love

Tosin Eniolorunda, the founder of Moniepoint, is a wealthy young man.

He will be 40 this year and should be unarguably one of the richest, brightest young minds of my generation.

According to unofficial estimates, his stake at Moniepoint is worth over $100 million.

ADVERTISEMENT

But he was not always this wealthy.

Prior to 2017, before Moniepoint was founded, Tosin was just a tech entrepreneur who ran a software consulting company, and he was living at 1004 Estate in Lagos at that time.

What Tosin’s consulting company does is simple: provide a software solution that Nigerian banks use for their day-to-day operations.

But they were doing more than that.

They also build bank apps.

Sterling Bank and Unity Bank apps were built by Tosin and his team at Team Apt, the name of the software company.

Until one day, Tosin got an email from Sterling Bank that the bank is pulling out and does no longer require the services of Team Apt.

Tosin’s mind went blank; he was driving on Ikoyi Road when the message came in.

Sterling bank was an important customer, and losing them was a fatal blow and a monumental setback for his young budding tech business.

How he was able to get to his destination after digesting that mail was a miracle.

From that setback, his team went back to the trenches to strategize and plan on how to stay afloat.

From that setback, that was how the Dream Monie point was born.

Advertisement. Scroll to continue reading.

For Monie Point to become a reality and not stillborn, one man so much believed in Tosin and in his dream to revolutionize the fintech industry, one customer at a time.

ADVERTISEMENT

His name is Olu Oyinsa, and he runs Oui Capital, an early-stage African venture capital firm that invests in fintechs and early-stage tech companies.

He met Tosin and was like, Yo! This guy is different, and because of that conviction, he invested $150,000 in Moniepoint for a 1.2% stake in Moniepoint, and his investment was in 2019.

His understanding of the banking technology stack and payment infrastructure was impressive. I knew he was up to something exciting,” Oyinsan recalled.

Without that conviction and strong belief in Tosin and Moniepoint by Olu Oyinsan: Moniepoint could have died.

Monie Point has grown, has scaled, and is now a unicorn (a company worth $1 billion and above).

Do you want to share a story with us?
Do you want to advertise with us?
Do you need publicity for a product, service, or event?
Contact us on WhatsApp +2348033617468, +234 816 612 1513, +234 703 010 7174
or Email: validviewnetwork@gmail.com
CLICK TO JOIN OUR WHATSAPP GROUP
ADVERTISEMENT

That $150,000 invested into Moniepont in 2019 is now worth more than $10 million today.

Last month, Olu and his team partially took out $8 million from their investment in 2019.

A very successful exit success story and rare in Nigeria’s tech ecosystem

Eniolorunda’s story highlights the importance of local understanding in entrepreneurship. Unlike many successful African startups led by foreign-trained founders, he has demonstrated that deep knowledge of local markets can lead to substantial success. His vision is to create financial solutions that empower small businesses and enhance financial inclusion across Nigeria and beyond.

Previous Post

NNPC Suspends Naira-for-Crude Deal: A Setback for Local Refineries and Fuel Prices

Next Post

Doctors declare Pope Francis no longer in imminent danger from pneumonia.

ValidViewNetwork

ValidViewNetwork

Next Post

Doctors declare Pope Francis no longer in imminent danger from pneumonia.

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Get the latest news from ValidViewNetwork
Loading

SPONSORED ADVERT

SPONSORED ADVERT

As the Lord liveth, you are feeling bushing this 6th month better and stronger than the way you started it in Jesus Mighty Name. Our angels of good news shall locate us this month. Shalom!

  • Home
  • BREAKING NEWS
  • Tech
  • Entertainment
  • Lifestyle
  • Education

© 2022 ValidViewNetwork - Website Developed by HaybeeMultimedia.

No Result
View All Result

© 2022 ValidViewNetwork - Website Developed by HaybeeMultimedia.

Welcome Back!

Login to your account below

Forgotten Password? Sign Up

Create New Account!

Fill the forms below to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In

Add New Playlist