{
  "id": 14751982,
  "title": "Moniepoint UK made $36,284 after taking on MonieWorld customers",
  "url": "https://urgent.news/2026/10/15/moniepoint-uk-made-36-284-after-taking-on-monieworld-customers",
  "topic": "business",
  "section": "Business",
  "published": "2026-10-15T17:23:22.000Z",
  "source": {
    "name": "TechCabal",
    "slug": "techcabal",
    "url": "https://techcabal.com/2026/10/15/moniepoint-uk-revenue-monieworld-2025/"
  },
  "original_language": "en",
  "account": "Moniepoint UK Limited, the UK arm of fintech startup Moniepoint Inc., reported a revenue of $36,284 in 2025 following the migration of MonieWorld customers to the entity in December. The company's spokesperson clarified that this figure represents the revenue generated in a single month of activity after the migration. MonieWorld, Moniepoint's diaspora remittance product, had been operating under the name Bancom before the migration took place. The fintech company's acquisition of Bancom Europe Limited and subsequent renaming to Moniepoint UK Limited in September allowed it to establish a regulated presence in the UK. Despite the revenue generated from the discontinued MonieWorld product, Moniepoint UK reported a total of $10,220 in gross profit for the year ended December 2025 and incurred a tax loss of $226,172. The cost of sales primarily comprised bank and partner fees ($14,464) and foreign-exchange transaction expenses ($11,600), while administrative expenses were the largest disclosed cost at $125,838.",
  "summary": "Moniepoint UK Limited, the UK subsidiary of fintech unicorn Moniepoint Inc., made $36,284 in revenue in 2025, according to annual reports filed with UK regulators.",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}