Moniepoint MFB Unveils Book-keeping Solution for SMEs

Nume Ekeghe

Moniepoint Microfinance Bank has introduced Moniebook, an all-in-one Point-of-Sale (POS) solution designed to revolutionsie how businesses in retail, hospitality, health, and other sectors manage daily operations.

As the first solution in Nigeria to seamlessly unify payments and bookkeeping in one tool, Moniebook is tailored for small to medium-sized businesses as well as multi-location enterprises. By combining robust software with reliable hardware, it helps business owners streamline operations, boost efficiency, and gain data-driven insights for growth.

The platform offers a powerful suite of tools to manage inventory, track sales, process payments, foster customer relationships, and generate detailed reports all from a single system. From supermarkets and restaurants to pharmacies and boutiques, Moniebook simplifies complex operations, reduces inefficiencies, and increases profitability.

Speaking on the new product, Managing Director, Moniepoint MFB, Babatunde Olofin, said: “Our mission has always been to help businesses grow by giving them the tools they need to succeed. This is in strong consonance with our mantra of creating financial happiness even as we consistently power the dreams of the millions of Nigerians who have come to love and trust the brand as an enabler of progress, as businesses or as individuals.” 

Moniebook is engineered to be a growth partner for businesses-a holistic source of truth in the hands of every entrepreneur. By providing full visibility over sales, staff, customers, and inventory in real-time, we are giving business owners the control they need to scale efficiently and securely.”

 With over 4,000 businesses onboarded and N19 billion processed in transaction value during the beta phase of Moniebook, business owners already using the product are singing its praises. 

BBQ Chef, a retail entrepreneur, shared: “I discovered through Moniebook that I had made over N2 million in my first month! It tracks my sales, manages inventory, and is so easy for my team to use. Honestly, any business not using Moniebook is missing out.”

Head of Product, Moniebook, Oluwole Adebiyi, added: “We built Moniebook with the realities of Nigerian business owners in mind which begins with a deep understanding of their everyday challenges. 

For too long, small and medium-sized business owners have had to juggle multiple, disconnected tools to manage critical operations, from tracking inventory to processing payments and understanding their sales data. This complexity is a direct barrier to growth. 

He continued: “For us, whether you’re running a supermarket, a restaurant, or multiple retail outlets, you shouldn’t have to juggle five different systems. Moniebook gives you everything in one place – fast, secure, and scalable. By simplifying the complexities of running a business, we are freeing up entrepreneurs to do what they do best: serve their customers and grow their enterprises. This is another step in our commitment to fostering a thriving business ecosystem in Nigeria.”