Moniepoint Inc., a Nigerian fintech agency, has secured a further $90 million in funding, bringing its Sequence C spherical to a complete of $200 million because it accelerates enlargement throughout Africa and into worldwide markets.
The contemporary capital — backed by Visa Inc., LeapFrog Investments, Improvement Companions Worldwide (DPI), and Alphabet Inc.’s Google Africa Funding Fund — will likely be used to bolster Moniepoint’s operations in Nigeria, Kenya and the UK, and its different pan-African efforts.
Based in 2015 in Lagos, Moniepoint offers banking, funds, and remittance companies to small companies and people. The agency processes greater than $250 billion in annual transactions and plans to increase its footprint to at the least 5 African international locations over the medium time period.
“The proceeds from our landmark Sequence C will likely be deployed judiciously to generate much more momentum as we enter the following chapter of Moniepoint’s story — with monetary happiness for Africans in every single place remaining our final purpose,” stated Tosin Eniolorunda, founder and chief government officer.
Whereas Moniepoint declined to reveal its present valuation, the corporate surpassed $1 billion following the preliminary $110 million raised in 2024. That spherical was led by DPI’s African Improvement Companions III fund, with participation from Google, Verod Capital, and influence investor Lightrock.
Moniepoint joins a rising cohort of Nigerian fintech unicorns — together with Flutterwave, Interswitch, and Opay — which have attracted substantial world funding as Africa’s digital financial system continues to scale.
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