Moniepoint Inc., Africa’s leading all-in-one financial platform for businesses and individuals, has secured an additional $90 million, bringing its total Series C funding to over $200 million. The new capital will help the Nigerian fintech deepen financial inclusion across Africa and strengthen its dominance in digital banking for small and medium-sized enterprises (SMEs).
The funding round — backed by Visa, Development Partners International (DPI), LeapFrog Investments, and Google’s Africa Investment Fund — underscores global investor confidence in Moniepoint’s business model. The funds will accelerate its mission to empower small businesses, expand financial inclusion, and drive innovation across the continent.
“Today marks an important milestone for Moniepoint,” said Tosin Eniolorunda, Founder and Group CEO of Moniepoint Inc. “We remain committed to empowering African entrepreneurs, and this new funding will help us bring financial happiness to even more people across the continent.”
A Profitable African Fintech Unicorn
Moniepoint stands out as one of the few global fintechs — and the first in Africa — to achieve profitability at unicorn scale. The company currently serves over 10 million active business and personal banking customers and processes more than $250 billion in digital transactions annually.
Founded in 2015 by Tosin Eniolorunda and Felix Ike (originally as TeamApt Inc.), Moniepoint has evolved from a payments infrastructure provider for banks into Nigeria’s leading business banking platform. Its offerings now include digital payments, credit, business and personal banking, cross-border transactions, and enterprise tools tailored for micro, small, and medium-sized enterprises (MSMEs).
Driving Inclusion and Empowering MSMEs
Investors and development partners view Moniepoint as a crucial player in advancing financial inclusion in Africa.
“MSMEs are the heartbeat of African economies — creating the majority of jobs and driving innovation,” said Karima Ola, Partner at LeapFrog Investments. “Moniepoint has become an indispensable partner by empowering these businesses with the digital tools and trust they need to grow and employ others at scale.”
Farid Fezoua, Global Director for Disruptive Technologies, Services, and Funds at the International Finance Corporation (IFC), added:
“Moniepoint’s affordable point-of-sale devices and digital platforms are helping small merchants access loans, bookkeeping tools, and other financial services — enabling them to scale and create jobs in sectors that remain largely cash-based.”
Innovation and Global Expansion
Moniepoint’s recent milestones include the launch of MonieWorld, a remittance platform for Africans in the United Kingdom, and an integrated payment and bookkeeping solution for small businesses. These innovations are part of the company’s strategy to support African entrepreneurs both locally and within the global diaspora.
The fintech has also been recognized by the Financial Times as one of Africa’s fastest-growing companies for three consecutive years and was recently featured on CNBC’s Top Global Fintech Companies 2025 list.
Looking Ahead
With this new funding, Moniepoint plans to deepen its footprint across Africa, strengthen its product ecosystem, and expand into new international markets. Its growing list of blue-chip investors — including QED Investors, Novastar Ventures, Lightrock, FMO, British International Investment, Global Ventures, Endeavor Catalyst, and New Voices Fund — reflects continued faith in Moniepoint’s mission to redefine financial access across emerging economies.
About Moniepoint
Moniepoint Inc. is a Nigerian-born fintech platform providing digital banking, payments, credit, and business tools to millions of small and medium-sized enterprises. Its vision is to make financial happiness accessible to everyone in Africa and beyond.
Read more about African fintech innovation on Techspace Africa.
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