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Moniepoint Raises $110M to Expand Digital Banking Across Africa 🌍💸
Moniepoint Raises $110M to Expand Digital Banking Across Africa 🌍💸
Moniepoint Raises $110M to Expand Digital Banking Across Africa 🌍💸

Moniepoint Raises $110M to Expand Digital Banking Across Africa 🌍💸

#banking
#banking
#startup
#funding
#Business Growth
Nigerian fintech leader Moniepoint has secured $110 million in Series C funding to supercharge its digital banking platform for businesses across Africa. With a track record of innovation and impact, Moniepoint is poised to transform financial access on the continent, bringing seamless banking, payments, and credit services to millions.

Moniepoint, founded in 2015 as TeamApt, is Nigeria's top merchant acquirer, processing $17 billion monthly and supporting over 10 million businesses and individuals. Recently, the company secured $110 million in Series C funding, led by Development Partners International, alongside new investors such as Google’s Africa Investment Fund and Verod Capital. With this new capital, Moniepoint plans to scale its all-in-one financial ecosystem across Africa, offering services like digital payments, banking, FX, credit, and business management tools.


Highlights:

  • Key Investors: Development Partners International, Google’s Africa Investment Fund, Verod Capital, and Lightrock (existing investor).
  • Platform Vision: A comprehensive suite for African businesses with seamless banking, payment solutions, and support tools.
  • Financial Impact: Moniepoint’s rapid growth supports financial inclusion across underserved communities and enables businesses to grow with reliable banking solutions.


CEO Tosin Eniolorunda emphasized Moniepoint’s mission to innovate and drive financial inclusion across Africa, delivering solutions that make a difference for the continent’s entrepreneurial potential.



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