Moniepoint UK Restricted, the United Kingdom subsidiary of fintech unicorn Moniepoint Inc., made $36,284 in income in 2025, in keeping with annual studies filed with UK regulators.
The corporate stated the determine represents one month of job after migrating shoppers of its diaspora remittance product, MonieWorld, to the entity in December.
“Shoppers have been migrated into what was once previously Bancom beginning in December 2025…so only one month of job,” An organization spokesperson informed TechCabal on Thursday.
The figures display how MonieWorld was once a small a part of Moniepoint’s wider industry because it moved to determine a regulated presence in the United Kingdom. Its phased go out from the United Kingdom remittance marketplace comes as pageant for diaspora transfers intensifies, with suppliers reminiscent of LemFi and Sendwave competing on charges, substitute charges, and switch velocity.
For the yr ended December 2025, Moniepoint UK Restricted reported $10,220 in gross benefit. The corporate recorded a loss after tax of $226,172. The corporate had overall belongings of $769,703 and buyer liabilities of $112,453 on the finish of 2025.
Its value of gross sales in large part consisted of financial institution and spouse charges of $14,464 and foreign-exchange transaction bills of $11,600. Generation and verbal exchange was once its biggest disclosed administrative expense, costing $125,838.
Moniepoint’s MonieWorld wager
MonieWorld introduced in April 2025 to compete within the £2.76 billion ($3.69 billion) UK-Nigeria remittance marketplace. Lower than 18 months later, Moniepoint introduced it was once discontinuing the diaspora-focused business after what it described as a overview of the gang’s portfolio and long-term priorities.
On the time, the corporate stated MonieWorld had recorded 70% per 30 days enlargement in transaction volumes.
Moniepoint’s UK operation was once constructed in the course of the acquisition of an present regulated monetary establishment, Bancom Europe Restricted, in July 2025. The corporate was once renamed Moniepoint UK Limited in September, and MonieWorld shoppers have been migrated to it in December.
Sooner than the migration, MonieWorld operated beneath Moniepoint GB Restricted. For the reason that corporate didn’t grasp an digital cash establishment licence, it gotten smaller PayrNet Limited, a part of Railsr, a UK-based digital cash establishment (EMI) accepted and controlled by way of the Monetary Behavior Authority (FCA), to facilitate the United Kingdom leg of its remittance industry.
The purchase of Bancom Europe gave Moniepoint an EMI accepted by way of the United Kingdom’s FCA. The fintech deposited $2.51 million as fairness for its Bancom acquisition.
The corporate earns charges and fee source of revenue from monetary products and services equipped to shoppers. Its reported income got here from foreign-exchange transaction charges.
When Moniepoint introduced it was once discontinuing MonieWorld, it stated the verdict would let it center of attention on its platform for African companies. Then again, the product stays operational.
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