Nigerian Fintech Moniepoint Raises $110 Million, Nears Unicorn Status

• Funding round led by African Development Partners boosts Moniepoint’s valuation close to $1 billion
• Fintech aims to expand its digital payment and banking services across Africa

Abuja, Nigeria – Nigerian fintech Moniepoint has raised $110 million in a new Series C funding round, bringing its valuation closer to the $1 billion mark, or unicorn status. The round, led by African Development Partners, also included Google’s Africa Investment Fund, Verod Capital, global impact firm Lightrock, and a previous investor, according to the company’s statement.