Moniepoint Inc., the Nigerian financial software company founded by tech entrepreneur Tosin Eniolorunda, has secured an additional 90 million in an extension of its Series C funding round. The latest investment brings the companys total raise to 200 million, just a year after it reached a 1 billion valuation following its initial 110 million round .
Moniepoint raises fresh capital for expansion
The extension round was led by Development Partners Internationals African Development Partners III ADP III fund, with LeapFrog Investments taking part as an anchor investor. Other backers include Lightrock, Alder Tree Investments, Googles Africa Investment Fund, Visa, the International Finance Corporation IFC, Proparco, Swedfund, and Verod Capital Management.