Moniepoint UK subsidiary reports first profit of £2.1M in 2025

Moniepoint Technologies UK Ltd, the London-based arm of the prominent Nigerian fintech unicorn Moniepoint Inc., has officially reported its first profitable year since its incorporation in August 2022. However, a closer look at the company’s most recent statutory accounts reveals that this £2.1 million accounting profit is heavily underpinned by a deferred tax credit, and the subsidiary remains deeply reliant on its US-based parent company for financial survival. For the year ending December 31,