Moniepoint Microfinance Bank has launched an all-in-one Point-of-Sale solution designed to transform how Micro, Small and Medium Enterprises manage their operations.
According to a statement from the fintech company, the new solution called Moniebook is described as the first solution in the country to seamlessly unify payments and bookkeeping in one tool.
Moniepoint said the new solution provides business owners with a powerful suite of tools to manage inventory, track sales, process payments, foster customer relationships, and generate detailed reports from a single platform. The core value proposition is to simplify complex business operations, reduce inefficiencies, and increase profitability for establishments. From supermarkets and restaurants to pharmacies and boutiques, the system empowers businesses to handle day-to-day tasks effortlessly, whether it’s preventing stockouts, managing staff roles, or tracking product expiry dates.
Speaking on the new product launch, Managing Director of 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.”
Moniepoint added that over 4,000 businesses were onboarded and N19bn processed in transaction value during the beta phase of Moniebook.
One of the business owners onboarded was BBQ Chef, a retail entrepreneur, who said, “I discovered through Moniebook that I had made over N2m 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.
“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.”
Key features and benefits of the Moniebook platform include inventory management, sales tracking and reporting, integrated payment processing, multi-location management, and staff & role management.
