Moniepoint, a Visa-backed Nigerian fintech, secured an additional $90 million—bringing its latest funding round to $200 million and valuing the firm at over $1 billion. The round included investors such as Visa, Development Partners International, LeapFrog Investments, and Google’s Africa Investment Fund, and will fuel expansion from its core Nigerian market into Kenya, the UK, and other African countries. Founded in 2015, Moniepoint provides payments, banking, and remittance services, processing over $250 billion annually, positioning it among Africa’s leading fintechs driving financial inclusion and digital growth.
Visa-Backed Fintech Moniepoint Raises Additional $90 Million
