Following the final close of its landmark funding round, Moniepoint Inc. is moving beyond its roots as a payments and banking platform to explore a new frontier in artificial intelligence. The company is now building tools that aim to make sense of Nigeria's vast informal economy, a sector often described as the country's true heartbeat but one that has long remained misunderstood.
Earlier this month, the fintech firm announced the final close of its Series C funding, raising an additional USD 90 M in equity in an extension round led by Development Partners International DPI and participation from other existing investors, which brought the total Series C haul to over USD 200 M. The raise confirmed Moniepoint's position as one of Africa's leading fintechs, having first crossed the USD 1 B valuation mark in 2024.
Now, Moniepoint is channeling that momentum into artificial intelligence. At a high-level event in Abuja, the company announced the launch of "M," an AI-powered chatbot built to turn its decade of transaction and merchant data into accessible, real-time insights. The event, which also featured the presentation of Moniepoint's second Informal Economy Report, drew senior government officials and private-sector leaders
