Moremonee, a Nigerian fintech company, has been named the Innovative Firm of the Year at the African Industrial and Development Awards 2025, marking significant recognition for its innovative approach to banking that specifically targets Generation Z users. Launched in 2023, Moremonee has rapidly become known as the Gen Z bank, offering features that blend speed, safety, and innovation into an experience that feels less like banking and more like a lifestyle app. The company's success stems from its deep understanding of Gen Z's expectations for efficiency, trust, transparency, and inclusivity from financial institutions.
Moremonee's platform includes several standout features that address these needs comprehensively. Users earn interest every single day through the Daily Interest feature, turning savings into an instant reward system rather than a traditional banking chore. The Snappy feature, a first in Africa, allows users to snap a picture of account details instead of typing them manually, reducing errors and making money transfers effortless. Security takes center stage with Trusted Partners and Lion Guard features, enabling users to designate a trusted contact to lock their account in emergencies or temporarily freeze their own funds with biometric authentication.
The Moremonee FutureBox represents another innovative approach to savings, allowing users to earn up to 24% interest annually on fixed savings through three different plans: Future Landlord (3 months, 4% interest), Jethro (6 months, 10% interest), and Makarios (12 months, 24% interest). Convenience is further enhanced by the Tap n Pay feature, which allows users to simply tap their debit card on POS terminals for withdrawals without inserting the card, speeding up transactions and improving user experience. More information about these features can be found at https://www.moremonee.com.
Dr. Mohammed Olatunji, Founder and Chairman of Moremonee, explained the company's philosophy: "Our philosophy is simple: real innovation in the financial industry should help people grow, grow their wealth, grow their confidence, and grow beyond financial stress. 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." The AIDCA 2025 award represents a significant milestone for Moremonee, cementing its position as a leader in the African fintech space.
Dr. Olatunji expressed gratitude for the recognition, stating, "We are deeply grateful for this recognition and give all the glory to God for the progress and expansion achieved so far. Our goal has always been to redefine banking for Africa's youth, and this award is a testament to the hard work and dedication of our team." Moremonee's commitment to innovation and customer-centricity has positioned the company to continue shaping the future of finance in Africa, with its platform available through major app stores including https://apps.apple.com and https://play.google.com. The company's approach goes beyond traditional banking, aiming to build a platform with lasting, generational impact while addressing financial inclusion across the continent.
