Toronto, Canada, October 17th, 2025, FinanceWire
In a landmark achievement that underscores its pioneering role in redefining the future of finance, Moremonee, one of Nigeria’s fastest-growing fintech companies, has been honored with the “Innovative Firm of the Year” award at the African Industrial and Development Awards (AIDCA) 2025.
Since its launch in 2023, Moremonee has swiftly emerged as the go-to digital bank for Gen Z users, blending technology, lifestyle, and financial empowerment into one seamless platform. Designed to make banking smarter, faster, and more human-centered, the platform has revolutionized how young Africans interact with money.
At the heart of Moremonee’s success lies a deep understanding of the values and expectations of the new generation — efficiency, trust, inclusivity, and transparency. The company’s product suite reflects these values through a range of groundbreaking features that set new benchmarks in African fintech.
Innovations that Set Moremonee Apart:
- Daily Interest: Users earn interest every day, turning saving into a rewarding habit.
- Snappy: A first-of-its-kind feature in Africa that allows users to transfer money by simply snapping a picture of account details — eliminating manual errors.
- Trusted Partners & Lion Guard: Enhanced security measures that let users designate trusted contacts or freeze their accounts instantly using biometric authentication.
- Moremonee FutureBox: Offers up to 24% annual interest on fixed savings through tiered plans — Future Landlord (3 months, 4%), Jethro (6 months, 10%), and Makarios (12 months, 24%) — helping users meet specific financial goals.
- Tap n Pay: A fast, contactless card feature that allows instant POS withdrawals with a simple tap.
Speaking on the award, Dr. Mohammed Olatunji (Dr. MO), PhD, Founder and Chairman of Moremonee, said: “Our philosophy is simple: true innovation in finance should help people grow — grow their wealth, their confidence, and their peace of mind. We exist to simplify finance, not complicate it. Growth isn’t just a metric for us; it’s a mission — growth for our users, our team, and the communities we serve.”
Expressing gratitude for the recognition, Dr. MO added: “We are deeply thankful for this honor and give all glory to God for the journey so far. This award is a reflection of our team’s hard work, faith, and commitment to redefining banking for Africa’s youth. We believe this is just the beginning of a greater story.”
The AIDCA 2025 award highlights Moremonee’s exceptional contribution to financial inclusion and innovation across Africa. With this achievement, the company continues to position itself as a trailblazer in digital banking, driving empowerment and shaping the continent’s financial future.
About Moremonee
Founded in 2023, Moremonee is a Nigerian-based digital bank designed to meet the evolving needs of Africa’s young and tech-savvy generation. The platform offers innovative, secure, and lifestyle-driven financial solutions aimed at empowering users to manage money effortlessly and grow wealth with confidence.
Users can download Moremonee Online Banking App
Updates on Moremonee’s activities are available through its official social media channels
Web: www.moremoneemfb.com