The deployment of Confluent Cloud by Moniepoint allows the company to provide scaled financial services to 2M+ Nigerian SMBs by improving database management and scalability and enabling real-time processing.

Under Moniepoint’s leadership as Nigeria's top fintech platform the company achieved success by expanding to support a user base exceeding two million small and medium-sized businesses through database management using Confluent Cloud. Through the integrated system Moniepoint enhanced its processing capacity from hundreds of thousands to millions of requests without experiencing system interruptions.

Moniepoint had experienced problems before with database systems that resulted in delayed visual customer transactions along with replication delays affecting their customers. Growing transaction volumes overwhelmed the legacy database management system so that workers needed to conduct manual adjustments.

Installing Confluent's data streaming technology at Moniepoint allowed the company to eliminate replication slowness and achieve close to real-time replication speed in read-replica updates. The new system design enabled hassle-free transaction data movement for reporting functions and brought better scalability benefits and function separation throughout payment and credit and banking financial products.

The company achieved better performance along with significant advancements in its database administration capabilities. CTO Felix Ike stated that Confluent enabled real-time monitoring and decision-making capability between departments.

Moniepoint operates today as a leading fintech company in Nigeria's marketplace by using advanced database management systems that drive business growth while maintaining dependable systems that scale for future needs. The growth of Nigeria’s economy heavily depends on SMBs as Moniepoint expands its operations across Africa by targeting additional market penetration opportunities.