Nigerian fintech Moniepoint has launched Moniebook, a new inventory-management and Point-of-Sale solution aimed at giving Nigerian businesses a single system to track sales, customers, payments, and stock.
According to a statement from the company, the new solution is described as the first solution in the country to seamlessly unify payments and bookkeeping in one tool.
The rollout comes less than two months after the company announced the completion of its Series C funding round, signalling an accelerated push to strengthen its position in the SME market.
Moniebook provides business owners with tools for inventory oversight, real-time sales tracking, payment processing, to customer management, and comprehensive reporting.
Babatunde Olofin, MD, Moniepoint said the solution is built to help business owners consolidate their operations and make data-driven decisions from one dashboard.
The product expands Moniepoint’s shift beyond its foundation, following two years of rapid growth in retail banking services.
During its beta phase, Moniebook onboarded over 4 000 businesses and processed more than N19bn ($13 million) in transactions.
Oluwole Adebiyi, head of product for Moniebook, said: “Moniepoint is betting that providing SMEs with operational and financial management tools will not only expand their ecosystems but also secure a stronger foothold in Nigeria’s competitive digital finance market.”
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