Nigeria’s leading bank for small and medium-sized enterprises (SMEs), Moniepoint Microfinance Bank, has introduced Moniebook — a cutting-edge all-in-one Point-of-Sale (POS) system designed to revolutionize how businesses in retail, hospitality, healthcare, and other sectors manage their daily operations. As the first solution in Nigeria to seamlessly integrate payments and bookkeeping into a single platform, Moniebook is tailored for both small-scale and multi-location businesses. It combines advanced software with reliable hardware to help entrepreneurs streamline processes, enhance operational efficiency, and access data-driven insights for growth.
Moniebook offers a comprehensive set of tools enabling business owners to oversee inventory, monitor sales, process payments, nurture customer relationships, and generate detailed reports—all from one platform. Its primary goal is to simplify complex business activities, cut down inefficiencies, and boost profitability. Whether running supermarkets, restaurants, pharmacies, or boutiques, the system empowers businesses to manage daily tasks effortlessly—such as preventing stock shortages, overseeing staff roles, or tracking product expiry dates.
Commenting on the launch, Babatunde Olofin, Managing Director of Moniepoint MFB, stated:
“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.”
During the beta phase, over 4,000 businesses adopted Moniebook, and users are already praising its impact. BBQ Chef, a retail entrepreneur, shared: “I discovered through Moniebook that I had made over ₦2 million 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.”
Oluwole Adebiyi, Head of Product at Moniebook, 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.
He continues, “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.”
– Inventory Management: Real-time stock monitoring with automated reordering and expiry tracking to reduce waste and prevent stockouts.
– Sales Tracking & Reporting: In-depth analytics on daily sales, customer behavior, and staff performance.
– Integrated Payment Processing: Smooth transaction handling through Moniepoint terminals supporting credit sales, split payments, and discounts.
– Multi-Location Management: Centralized control over inventory, sales, and staff across multiple outlets from a single dashboard.
– Staff & Role Management: Customizable permissions and role assignments to streamline operational responsibilities.
Moniebook is offered in two subscription tiers: Core (₦6,000/month) for small businesses, and Pro (₦8,500/month) for multi-location enterprises. Additional features such as extra registers, branches, and implementation support are available to accommodate growing business needs.
