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      Moniepoint

      Engaged Employer

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      What are perks and other benefits like at Moniepoint?

      Moniepoint reviews

      Supportive Culture with Competitive Compensation

      Mobile engineer
      Current employee
      Lagos
      Recommend
      CEO approval
      Business Outlook

      Pros

      The company offers competitive pay, impressive bonuses, many benefits, significant growth opportunities, a diverse workforce, flexible remote work options, and a good culture.

      Cons

      It can be fast-paced, and overtime is often expected.

      avatar
      Moniepoint Response
      now
      Thank you for sharing your feedback. We genuinely appreciate your candid review and are committed to taking your insights seriously.

      Toxic work environment

      Software engineer
      Former employee
      Lagos
      Recommend
      CEO approval
      Business Outlook

      Pros

      The pay is definitely competitive, especially for a Nigerian company, and the option for remote work is a huge benefit, offering flexibility and convenience.

      Cons

      The office culture at Moniepoint is emotionally draining and very unhealthy. It feels like management expects employees to constantly overdeliver without regard for work-life balance. The pay is decent for a Nigerian company, but it's not enough to justify the impossible deadlines, constant pressure, and lack of support from higher-ups. The atmosphere is tense, and the expectations are unrealistic, making it hard to thrive in such a demanding environment. Even the higher-ups are under pressure from other senior leaders, which only adds to the stress and trickles down to the rest of the team.

      7

      My interview process

      Executive assistant
      Former employee
      Lagos
      Recommend
      CEO approval
      Business Outlook

      Pros

      Their pay is really great and there are a lot of benefits you'll get. You can also be promoted if you do well.

      Cons

      Don't expect mail from them for like two weeks. Interview mail came almost a month after i applied

      avatar
      Moniepoint Response
      now
      We sincerely thank you for taking the time to leave a review. Your feedback is incredibly valuable to us, and we're committed to using it to enhance the recruiting process.

      In Moniepoint

      Customer success
      Current employee
      Lagos
      Recommend
      CEO approval
      Business Outlook

      Pros

      Great work culture, employee benefits

      Cons

      Not so great operational infrastructure

      1

      Okay to work

      Site reliability engineer
      Current employee
      Recommend
      CEO approval
      Business Outlook

      Pros

      Excellent Remote Flexibility: The company's remote-first approach is fantastic. It provides a great deal of flexibility. Fair Compensation: The salary and benefits package, particularly the HMO, are competitive and fair for the work we do. Supportive Team: My team is collaborative and full of talented people. I always feel like I have support when I need it.

      Cons

      High Work Pressure: The workload can be very demanding, and the pressure is often high. This can make it difficult to maintain a healthy work-life balance.

      join only if it's your last option, not recommended at all, no growth, no WLB

      Engineering manager
      Current employee
      Bengaluru
      Recommend
      CEO approval
      Business Outlook

      Pros

      Pros non-existent/ very few. - Some HRs are good and empathetic. - Remote First culture is appreciated. - Compensation is average. It's decent for someone transitioning from low compensation company, service companies. Good compensation for executives roles. - The company’s product offering has potential and is actually quite good. However, due to the internal issues and poor culture, this value gets overshadowed, and the product’s strengths are often hidden or underappreciated.

      Cons

      TL;DR: please refrain from joining this company as an engineer. If you have great skills, great engineering accumen, i would advise to join some better company/startup. There are not great benefits, you will loose your engineering accumen here. They won't increase your salary but keep on adding responsibilities to your role every 2 month or so. And at last the poor culture and toxicity which is present in team due to incompetent managers (these are damagers not managers). - Poor Culture: The overall company culture is quite poor, especially when compared to leading product and tech companies. The tech culture feels worse than some service-based companies. - Excessive Hierarchy: There's an overwhelming hierarchical structure, similar of a bank or government office. This creates a depressing environment, particularly for engineering teams. For example: Engineer manager reporting to Product Manager which is very odd and counterproductive. - Top-Down Leadership: The tech teams suffer from a top-down management style where engineers have little to no autonomy. Every technical decision is dictated by a senior leader, making it a hostile environment for engineers. - High Attrition: The company struggles with high employee attrition, which indicates deeper systemic issues. Tech employees leaving every month shows high attrition among teams. - Unclear Roles & Career Paths: There's a lack of clarity regarding engineer levels and roles. Broad, undefined positions have replaced specific ones like Architect and Staff Engineer, and the career progression is limited, forcing people into roles like Product Manager or Engineering Manager. People who are not competent enoung for EMs roles are forced to become EMs. For example: Since architect role was dissolved , architects were forced into EM roles. which is unhealthy for a team. - Outdated Tech Stack: Many teams are stuck with outdated technologies and show little interest in adopting modern innovations. There's a reluctance to experiment or explore the potential of emerging tech trends, especially in AI, to boost productivity. - Ineffective Practices: Non-standard tech practices are widespread, and engineering managers (EMs) seem uninterested in addressing these issues, focusing only on meeting OKRs to preserve their quarterly ratings. - Unfair Promotions & Growth: Promotions, salary increments, and growth opportunities seem biased, with discrepancies based on region. Some regions face poor growth prospects and unfair treatment. - Inefficient Meetings: Long and unproductive meetings are a regular occurrence, often lasting for 5-6 hours which is very unproductive. During these, engineers are excluded from meaningful participation, and decisions are typically imposed by senior leaders, showing a lack of respect and trust in the team. - Incompetent Managers: There are several ineffective Engineering and Product Managers who survive due to high salaries, and management seems uninterested in addressing this during performance reviews. - Toxic "Boss" Culture: A "boss" mentality is prevalent, where managers react defensively to feedback and often play the blame game. There’s a distinct lack of commitment to the team’s well-being and progress. - Burnout & Leave Issues: Taking time off, including bereavement leave, is extremely difficult. Management’s lack of empathy and entitlement over employees’ time is leading to burnout and inefficiency. - Disrespect & Micromanagement: There’s a pervasive attitude of disrespect, with passive-aggressive behavior from upper management. Healthy dialogue and mutual respect are absent, and micromanagement is widespread, despite multiple HR complaints. - Stagnant Salaries & Bonuses: No salary increments for over a year, with vague excuses like "we pay well in the market" despite evidence to the contrary. Promised performance bonuses rarely exceed 15%, with limited transparency and explanations for why. - No ESOPs: There's no equity offered to employees, which is a significant drawback compared to other tech companies. - Probation Period Issues: The probation period is unusually long (6+ months) and there’s no leave during this time, which isn’t disclosed upfront. - Time Zone Disregard: There's a lack of consideration for employees’ time zones, especially for those working with teams in the UK or Nigeria. Late-night meetings have become the norm, and regional managers often prioritize their own convenience. - Downgraded Benefits: After the Indian entity setup, promised benefits were reduced or eliminated. No salary increases, no onboarding kits, and the notice period was increased from 30 to 60 days. Management offers vague explanations for these changes. - Internal Politics: Unhealthy and unfair political dynamics are rampant, contributing to a toxic workplace culture. - Job Insecurity & Low Satisfaction: The company follows a "hire and fire" culture with no job security. Some employees were let go even after completing 6 months.

      15
      avatar
      Moniepoint Response
      now
      We appreciate your candid feedback. While we’re proud of our remote-first culture and product potential, we take these concerns seriously. Here’s what we’re addressing: Immediate Actions: ✓ Enhancing manager training & 360-degree feedback ✓ Auditing promotion/salary processes for fairness ✓ Modernizing tech stack & engineering practices ✓ Re-evaluating benefits & work-life policies Long-Term Focus: • Reducing hierarchy in tech teams • Improving autonomy & decision-making • Building transparent career paths We’re committed to fostering a better environment. Please share specific examples via your HRBP to help us improve.

      Fast paced

      Product manager
      Former employee
      Lagos
      Recommend
      CEO approval
      Business Outlook

      Pros

      Great perks and great benefits

      Cons

      It’s too fast paced and things change too quickly

      Africa's Fastest Growing Fintech Company 2024 (according to Financial Times ranking).

      Customer support officer
      Current employee
      Recommend
      CEO approval
      Business Outlook

      Pros

      Moniepoint has Great people, Exceptional Workplace Culture, Growth Opportunity, Benefits and Compensations, and Fosters Diversity and Inclusion.

      Cons

      At Moniepoint, grit isn't just a buzzword; it's a way of life. From swift product development cycles, fostered by a culture that encourages experimentation and out-of-the-box thinking to experience management prioritizing the needs of customers or end users. Every aspect of the company is geared towards agility and adaptability.

      avatar
      Moniepoint Response
      now
      Thanks for your review!

      Toxic culture and unclear leadership hinder employee growth

      Sr. software engineer
      Current employee
      Recommend
      CEO approval
      Business Outlook

      Pros

      Earlier, compensation was one of the stronger aspects of the company. However, in the current scenario, there are no standout positives as many of the previous benefits, including salary advantages, are being gradually consolidated.

      Cons

      The work culture has become increasingly toxic, with a lack of clear direction from leadership. Town halls often feel more discouraging than motivating, with communication sometimes coming across as threatening or demeaning. There is an overreliance on AI as a ‘magic solution’ without enough practical or strategic clarity behind its implementation. A strong ‘yes-boss’ culture exists, where questioning decisions or applying logical counterpoints is not always encouraged. Hiring and firing patterns create uncertainty among employees, and there is limited visibility into career growth, role expectations, or a well-defined competency matrix. Leadership also tends to favor excessive control over empowerment, which impacts ownership and innovation across teams.”

      4

      My review after 3 years at Moniepoint

      Assistant team lead
      Current employee
      Ado-Ekiti
      Recommend
      CEO approval
      Business Outlook

      Pros

      1. Moniepoint gives you flexible work and your time for other things isn’t affected 2. The pay is very handsome 3. You get benefits like bonuses and gift packages on your birthday 4. The work culture is awesome. All kinds of people can enjoy it. 5. The gadget provided to work are top notch and makes working very easy 6. Our CEO loves to make employees happy.

      Cons

      No cons at all. Moniepoint is great!

      avatar
      Moniepoint Response
      now
      Thank you for this fantastic 3-year review! We're thrilled you appreciate our: ✨ Flexible work culture ✨ Competitive compensation ✨ Inclusive environment ✨ Top-tier work tools ✨ Thoughtful employee benefits We especially appreciate your note about our CEO - making our team happy is always the priority! Regarding openings, we're expanding our hiring reach in 2025 to welcome even more talented professionals like yourself.