Moniepoint Inc ., Africa's all-in-one financial platform for businesses and their customers, announces it has raised over US200 million in equity financing in a recently closed Series C funding round. The investment reflects Moniepoint's rapid growth, sustained profitability and proven impact, and will fuel its ongoing mission to power the financial dreams of millions of businesses and their customers across Africa and the global diaspora.
The round was led by Development Partners International's African Development ADP III fund, with the final close anchored by LeapFrog Investments, a leading impact investor. Other investors in the round include Lightrock , Alder Tree Investments, Google's Africa Investment Fund, Visa , the International Finance Corporation IFC , Proparco, Swedfund, and Verod Capital Management.
Moniepoint is one of the few fintechs globally, and the first in Africa, to achieve profitability at unicorn scale while driving financial inclusion. As Nigeria's leading payments and digital banking platform, its customer base exceeds 10 million active businesses and personal banking customers, and it processes over US250 billion in digital payments transaction value annually.
