Moniepoint UK Limited, the UK subsidiary of fintech unicorn Moniepoint Inc., made $36,284 in revenue in 2025, in response to annual reports filed with UK regulators.
The firm mentioned the determine represents one month of exercise after migrating clients of its diaspora remittance product, MonieWorld, to the entity in December.
“Customers were migrated into what was formerly Bancom starting in December 2025…so just one month of activity,” An organization spokesperson advised TechCabal on Thursday.
The figures present how MonieWorld was a small a part of Moniepoint’s wider enterprise because it moved to ascertain a regulated presence in the UK. Its phased exit from the UK remittance market comes as competitors for diaspora transfers intensifies, with suppliers comparable to LemFi and Sendwave competing on charges, trade charges, and switch velocity.
For the yr ended December 2025, Moniepoint UK Limited reported $10,220 in gross revenue. The firm recorded a loss after tax of $226,172. The firm had whole property of $769,703 and buyer liabilities of $112,453 on the finish of 2025.
Its value of gross sales largely consisted of financial institution and accomplice charges of $14,464 and foreign-exchange transaction bills of $11,600. Technology and communication was its largest disclosed administrative expense, costing $125,838.
Moniepoint’s MonieWorld wager
MonieWorld launched in April 2025 to compete in the £2.76 billion ($3.69 billion) UK-Nigeria remittance market. Less than 18 months later, Moniepoint introduced it was discontinuing the diaspora-focused business after what it described as a assessment of the group’s portfolio and long-term priorities.
At the time, the corporate mentioned MonieWorld had recorded 70% month-to-month progress in transaction volumes.
Moniepoint’s UK operation was constructed via the acquisition of an current regulated monetary establishment, Bancom Europe Limited, in July 2025. The firm was renamed Moniepoint UK Limited in September, and MonieWorld clients have been migrated to it in December.
Before the migration, MonieWorld operated beneath Moniepoint GB Limited. Because the corporate didn’t maintain an digital cash establishment licence, it contracted PayrNet Limited, a part of Railsr, a UK-based digital cash establishment (EMI) authorised and controlled by the Financial Conduct Authority (FCA), to facilitate the UK leg of its remittance enterprise.
The acquisition of Bancom Europe gave Moniepoint an EMI authorised by the UK’s FCA. The fintech deposited $2.51 million as fairness for its Bancom acquisition.
The firm earns charges and fee revenue from monetary companies offered to clients. Its reported revenue got here from foreign-exchange transaction charges.
When Moniepoint introduced it was discontinuing MonieWorld, it mentioned the choice would let it give attention to its platform for African companies. However, the product stays operational.
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