Moniepoint Expands Recruitment Following National Licence Approval
Moniepoint Microfinance Bank has announced a significant expansion of its workforce with new job vacancies across multiple departments. This recruitment drive comes immediately after the Central Bank of Nigeria upgraded the licences of Moniepoint and several other fintech companies to operate nationwide.
Technical and Administrative Roles Available
The fintech company is actively recruiting for both technical and non-technical positions as it prepares for national operations. Available roles include:
- Senior Backend Engineer (Java)
- Senior Mobile Engineer
- Senior Software Engineer
- Data Engineer
- Head of Talent & Performance Management
- Administrative Officer
- POS Repair Technician
Technical positions will focus on developing scalable applications, designing robust backend services, integrating APIs, and managing high-volume financial data systems. The company utilizes a modern tech stack including Java, Spring Boot, Docker, Kubernetes, PostgreSQL, DynamoDB, Elasticsearch, and AWS Cloud infrastructure.
Recruitment Process and Benefits
Moniepoint emphasizes a collaborative and innovation-driven work culture for prospective employees. The recruitment process involves multiple stages:
- Initial screening call with recruiters
- Technical assessments
- In-depth interviews with engineering teams
- Final discussions with executive leadership
The company offers competitive compensation packages including health benefits, pension contributions, paid leave, and continuous learning opportunities for professional development.
CBN Licence Upgrade Enables National Expansion
The Central Bank of Nigeria has upgraded the operating licences of Moniepoint MFB along with other major fintech players including Opay, Kuda Bank, Palmpay, and Paga. This regulatory development allows these financial institutions to operate across all Nigerian states after meeting specific requirements.
Yemi Solaja, Director of the Other Financial Institutions Supervision Department at CBN, confirmed the upgrade during the annual Committee of Heads of Banks' Operations conference in Lagos. He stated that these institutions have effectively been operating nationwide in practice and now have formal authorization.
The national licence comes with increased regulatory requirements:
- Higher capital thresholds (N5 billion for national microfinance banks)
- Mandatory physical offices in all states
- Enhanced customer dispute resolution mechanisms
Solaja emphasized the importance of physical offices, noting that many fintech customers operate in the informal sector and require clear points of contact for issue resolution.
Driving Financial Inclusion Nationwide
As Moniepoint expands its operations across Nigeria, the new hires will play critical roles in advancing digital financial services throughout the country. The company aims to enhance financial inclusion, strengthen customer support systems, and leverage technology to serve millions of users across diverse regions.
This expansion aligns with Nigeria's growing fintech ecosystem and represents a significant step toward broader access to digital financial services for both urban and rural populations. The recruitment drive demonstrates Moniepoint's commitment to building a robust team capable of supporting nationwide operations while maintaining service quality and regulatory compliance.
The development follows similar recruitment announcements from other major Nigerian corporations, including the Dangote Group which recently advertised over 40 job openings across its cement and food business units in early January.
