Onome Amuge
Moniepoint Microfinance Bank, long regarded as a leading financial partner for SMEs, has unveiled Moniebook, a Point-of-Sale (POS) solution designed to integrate payments, bookkeeping, and operational management into a single platform. The launch marks a significant milestone for the country’s business technology landscape, offering small and medium-sized businesses, as well as multi-location enterprises, a unified solution for streamlining operations.
Moniebook combines reliable hardware with sophisticated software to provide business owners with real-time insights across sales, inventory, customer engagement, and staff management. The platform is designed to simplify the operations of running a business while boosting operational efficiency and profitability. According to Moniepoint, the system is suitable for a wide range of industries, including retail, hospitality, health, and beyond.
Speaking at the launch, Babatunde Olofin, Managing Director of Moniepoint Microfinance Bank, emphasised the company’s commitment to empowering entrepreneurs. “Our mission has always been to help businesses grow by giving them the tools they need to succeed. Moniebook is engineered to be a growth partner for businesses. 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,” Olofin said.
The new POS solution is designed to address some of the core challenges that have long hindered SME growth in Nigeria. For many business owners, managing multiple systems for payments, inventory tracking, and sales reporting is time-consuming and error-prone. Moniebook consolidates these functions, enabling entrepreneurs to focus on growth and customer service rather than administrative hurdles.
During its beta phase, Moniebook was already tested with over 4,000 businesses, processing N19 billion in transaction value. Early adopters report transformative results. BBQ Chef, a retail entrepreneur, shared his experience: “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.”
Oluwole Adebiyi, head of product at Moniebook, highlighted the company’s customer-centric approach in designing the platform. “We built Moniebook with the realities of Nigerian business owners in mind. For too long, SMEs have had to juggle multiple, disconnected tools to manage critical operations. This complexity is a direct barrier to growth. Moniebook gives you everything in one place — fast, secure, and scalable,” he said.
Moniebook offers a suite of tools that give SME owners full operational control. Its inventory management feature provides real-time monitoring, automated reordering, and specialised expiry tracking to minimise waste and prevent stockouts.
The sales tracking and reporting function delivers detailed analytics on sales performance, customer behavior, and staff productivity, enabling data-driven decision-making.
Integrated payment processing through Moniepoint terminals allows seamless transactions, including credit sales, split payments, and discounts.
Multi-location management gives business owners centralised oversight of inventory, sales, and staff across multiple outlets, simplifying expansion and scaling.
Staff and role management enables customizable permissions, allowing owners to assign roles and control access, streamlining daily operations.
According to the company, Moniebook is offered in two pricing tiers: Core (N6,000/month) for single-location SMEs and Pro (N8,500/month) for multi-location businesses, with optional add-ons including additional registers, branches, and implementation support to accommodate growth.
The launch of Moniebook is seen to reinforce Moniepoint’s position as a key enabler of SME development in Nigeria. By providing a single platform that unifies payments, operations, and reporting, the company said it is helping business owners overcome operational inefficiencies that have historically limited growth. In a market where SMEs constitute the backbone of economic activity, tools like Moniebook are projected to play a pivotal role in enhancing productivity, profitability, and scalability.
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