Moremonee Wins Innovative Firm of the Year at African Industrial & Development Awards 2025
TL;DR
Moremonee's innovative features like daily interest and high-yield savings plans provide users with financial advantages and faster wealth accumulation opportunities.
Moremonee's platform works through features like Snappy for error-free transfers, biometric security systems, and structured savings plans with fixed interest rates.
Moremonee aims to reduce financial stress and poverty in Africa by providing accessible banking solutions that help communities grow wealth and confidence.
Moremonee's Snappy feature lets users transfer money by taking photos of account details instead of manual typing, making banking feel like a lifestyle app.
Moremonee, a Nigerian fintech company, has been named the Innovative Firm of the Year at the African Industrial and Development Awards 2025, marking a significant achievement in the company's mission to transform banking for Africa's younger generation. Launched in 2023, Moremonee has rapidly established itself as the Gen Z bank, creating a platform that combines speed, safety, and innovation into an experience that feels more like a lifestyle application than traditional banking.
The company's success stems from its deep understanding of Gen Z expectations, which include demands for efficiency, trust, transparency, and inclusivity in financial services. Moremonee has designed its platform specifically to meet these requirements, offering several innovative features that distinguish it from conventional banking institutions. One of the platform's most notable features is Daily Interest, which allows users to earn interest every single day, transforming savings into an immediate reward system rather than a long-term waiting game.
Another groundbreaking feature, Snappy, represents a first in African banking by enabling users to capture account details through photography instead of manual entry, significantly reducing errors and streamlining money transfers. Security remains a central focus, with Trusted Partners and Lion Guard features that permit users to designate emergency contacts who can lock accounts during crises or temporarily freeze funds using biometric authentication.
The Moremonee FutureBox offers users the opportunity to earn up to 24% interest annually on fixed savings through three distinct plans: Future Landlord for three months at 4% interest, Jethro for six months at 10% interest, and Makarios for twelve months at 24% interest. Additionally, the Tap n Pay feature enhances debit card convenience by allowing users to simply tap their card on POS terminals for withdrawals, eliminating the need for card insertion and accelerating transaction processes.
Dr. Mohammed Olatunji, Founder and Chairman of Moremonee, explained the company's philosophy, stating that real innovation in finance should help people grow their wealth, confidence, and move beyond financial stress. The company's mission focuses on simplifying finance rather than complicating it, with growth serving as both a metric and mission for users, team members, and the communities they serve. More information about their services can be found at https://www.moremonee.com.
This recognition at AIDCA 2025 solidifies Moremonee's position as a leader in Africa's fintech landscape and highlights the growing importance of generation-specific financial solutions. The award underscores the company's successful approach to addressing the unique banking needs of Africa's youth population while maintaining strong security protocols and innovative features that could influence banking standards across the continent.
Curated from 24-7 Press Release