Search

Nigerian Fintech Moniepoint Raises $110 Million, Nears Unicorn Status

Allen dreyfus Logo
© Allen Dreyfus
  • 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.

This article is free to read.

Sign up for free or sign in to continue
reading. Unlike our competitors, we don't force you to pay
to read the news but we do need your email address to
make your experience better.

Create your free account or sign in


Recent Business

A vibrant display of traditional dance in Botswana. Photo by Xitsundzuxo Himina @ Pexels
Why Botswana’s inflation surge signals wider risks for commodity economies
Read More »
Molten metal pouring from ladle in industrial foundry. Photo by Bence Szemerey @Pexels
Can Kipushi’s zinc boom in Congo redraw Africa’s commodity power balance?
Read More »
Bassirou Diomaye Faye, President of Senegal. Photo @ Office of President, Senegal/Facebook
Is Senegal drifting towards default as political rift deepens?
Read More »

Recent Politics

Africa’s richest man, Aliko Dangote (middle) to expand oil refinery. Photo @ Dangote Website
Should regulators step in as Dangote controls Nigeria's petrol prices?
Read More »
Planes on the tarmac of an airport. Photo by Max Chen @ Pexels
Can Togo become West Africa’s aviation hub after going visa-free?
Read More »
Policeman on the street of Addis Ababa, Ethiopia. Photo by Hailegebrel Nigussie @ Unsplash
Ethiopia’s national dialogue begins with legitimacy already on trial
Read More »

Latest Posts

Latest news insights