Nigerian fintech giant, Moniepoint, has secured fresh funding from global payments leader, Visa, just months after raising $110 million in a Series C funding round. This strategic investment is set to accelerate Moniepoint’s mission to revolutionize financial services and empower businesses across Africa.
The funding round, which was oversubscribed, demonstrates the confidence of investors in Moniepoint’s innovative approach to financial inclusion. With Visa on board, Moniepoint is poised to expand its suite of financial services, including digital payments, banking, and credit solutions.
“We are thrilled to partner with Visa, a global leader in payments, to drive our mission of empowering African businesses,” said Tosin Eniolorunda, Founder and Group CEO of Moniepoint. “This investment will enable us to accelerate our growth plans and expand our services to more businesses and individuals across the continent.”
Moniepoint’s impressive growth trajectory, with over 800 million transactions processed per month, has made it an attractive investment opportunity for global players like Visa. The company’s commitment to financial inclusion, coupled with its innovative approach to financial services, has resonated with investors and customers alike.
With this fresh funding, Moniepoint is set to consolidate its position as a leading fintech player in Africa, driving financial inclusion and empowering businesses to thrive in the digital economy.
