As per the announcement, this funding round, led by UK-based private equity group Development Partners International and backed by Google’s Africa Investment Fund, valued Moniepoint at over USD 1 billion. Moniepoint previously raised USD 55 million and operates in Nigeria's expanding fintech market, where digital financial services are in high demand among those without access to traditional banking.
Officials from the company shared that while Moniepoint will continue to prioritise Nigeria, it also intends to expand into other African markets with the new funding. The company is currently assessing which tools in its portfolio would be best suited to launch in different countries.
The Paypers is the Netherlands-based leading independent source of news and intelligence for professional in the global payment community.
The Paypers provides a wide range of news and analysis products aimed at keeping the ecommerce, fintech, and payment professionals informed about the latest developments in the industry.
Current themes
No part of this site can be reproduced without explicit permission of The Paypers (v2.7).
Privacy Policy / Cookie Statement
Copyright