Moniepoint Inc., Africa’s all-in-one financial platform for businesses and individuals, has secured an extra $90 million, bringing its total Series C raise — together with the $110 million raised in October 2024 — to over $200 million. The funding will power the company’s next phase of growth and deepen financial inclusion across the continent..
The investment underscores Moniepoint’s rapid growth, sustained profitability, and proven impact in driving digital financial services at scale. It will support the company’s continued expansion into new markets, product innovation, and mission to empower millions of small businesses and consumers across Africa and the global diaspora.
According to Ross Strike, Moniepoint’s senior vice president said in an interview, this round was backed by private equity and strategic investors including Visa, Development Partners International LLP, Leapfrog, and Alphabet Inc.’s Google Africa Investment Fund.
Moniepoint remains one of the few fintechs globally — and the first in Africa — to achieve profitability at unicorn scale while expanding access to financial services. The company currently serves over 10 million active business and personal banking customers, processing more than US$250 billion in digital transactions annually.
According to Moniepoint, the new funding will enhance its capacity to support African entrepreneurs and accelerate its growth across the continent and international markets.
“This is a proud day for Moniepoint,” said Tosin Eniolorunda, Founder and Group CEO of Moniepoint Inc. “We founded the company out of a genuine passion to widen financial inclusion and help African entrepreneurs realise their potential. The proceeds from our landmark Series C will be deployed judiciously to generate even more momentum as we enter the next chapter of Moniepoint’s story — with financial happiness for Africans everywhere remaining our ultimate goal.”
The funding milestone follows a period of significant product and operational expansion for Moniepoint, including the launch of MonieWorld, a remittance solution for Africans in the United Kingdom, and an integrated payment and bookkeeping platform built to simplify operations for micro, small, and medium-sized enterprises (MSMEs).
Moniepoint was also named one of Africa’s fastest-growing companies by the Financial Times for the third consecutive year and featured among CNBC’s Top Global Fintech Companies 2025.
Founded in 2015 by Tosin Eniolorunda and Felix Ike (formerly as TeamApt Inc.), Moniepoint has evolved from building payment infrastructure for banks to becoming Nigeria’s leading business banking provider. Its offerings now span digital payments, business and personal banking, credit, cross-border payments, and enterprise management tools.
Karima Ola, Partner at LeapFrog Investments, added:
“MSMEs are the heartbeat of African economies — creating the majority of jobs and driving innovation. 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 IFC, noted:
“Moniepoint provides competitively priced point-of-service devices and modern platforms that help MSMEs access loans, bookkeeping, and other financial tools. This enables merchants to grow their businesses and create jobs in sectors that remain cash-dependent.”
With this latest capital raise, Moniepoint expands its roster of global blue-chip investors, which already includes QED Investors, Novastar Ventures, Lightrock, FMO, British International Investment, Global Ventures, Endeavor Catalyst, and New Voices Fund.
