Moniepoint Technologies UK Ltd returned to profit in 2025, reporting a £2.06 million profit after recording an £8.81 million loss a year earlier. A separate UK company within the Moniepoint group, however, reported a £226,172 loss, offering a glimpse into the different financial positions of the fintech’s international operations.
The results appear in financial statements for the year ended December 31, 2025, filed with the UK’s Companies House in October 2026. Moniepoint Technologies UK Ltd reported revenue of £17.96 million, while Moniepoint UK Limited recorded revenue of just £36,284.
The figures do not represent Moniepoint’s consolidated UK performance. The companies are separate legal entities with different registered activities, and their accounts provide different views of the group’s operations.
Moniepoint Technologies UK Ltd’s reporting gives the company a profit before tax margin of ~11.5%.
The company’s registered activities include software development, information technology consultancy, engineering-related consultancy and the leasing of intellectual property. Its results therefore offer insight into the technology side of Moniepoint’s UK structure, rather than a direct measure of the performance of its consumer payments products.
Moniepoint UK Limited reported a different picture. Formerly known as Bancom Europe Ltd, the company’s recorded loss is up from £107,903 in 2024. Its revenue rose from £88, but administrative expenses also increased.
The company’s directors describe its principal activity as cross-border remittance and payment services. It is regulated by the UK Financial Conduct Authority as an electronic money institution and is part of the group’s regulated financial services infrastructure.
The difference between the two sets of accounts should not be mistaken for a direct comparison between a profitable business and a failing one. Their activities differ, and the published figures do not establish how much either contributes to Moniepoint Inc’s overall earnings.
What they do establish is that the group’s UK operations cannot be understood through a single headline figure.
Moniepoint UK Limited’s accounts also disclose financial support from its parent, Moniepoint GB Limited. The company recorded a £215,004 capital contribution during 2025 and received a further £784,078 after the financial year ended but before the accounts were authorised.
That funding indicates continued capital support for the regulated entity. It does not, on its own, establish financial distress or explain the company’s losses.
The international ambition behind the structure
Moniepoint’s UK expansion was designed to extend its financial services beyond its established African markets. In April 2025, the company launched MonieWorld, a remittance product aimed initially at UK residents sending money to Nigeria.
At launch, founder and group chief executive Tosin Eniolorunda said: “Our goal is not just remittance but a full-fledged diaspora financial services platform to serve the African diaspora.”
The statement established a broader ambition than money transfers alone. Moniepoint intended to use remittances as an entry point into additional financial services for Africans living abroad.
MonieWorld’s launch also came as Moniepoint sought to build on its existing payments infrastructure and expand its reach beyond Nigeria. The company’s announcement described the service as its first offering to customers outside Africa.
In August 2026, Moniepoint announced that it would discontinue MonieWorld and redirect resources towards its African markets. That decision marks a change in the group’s international priorities, but it should not be treated as proof that the losses reported by Moniepoint UK Limited caused the closure. The company’s 2025 accounts were authorised months before the shutdown announcement.
Read also: Why a growing remittance business was not enough for Moniepoint
The financial statements also do not provide a consolidated view of the UK operation, nor do they establish MonieWorld’s standalone revenue, customer acquisition costs or profitability.
The clearest finding is that Moniepoint’s UK corporate structure contains businesses with different activities and contrasting financial results. Its tech subsidiary returned to profit in 2025, while its regulated financial services entity reported a loss and received additional capital support.