Google and DPI back African fintech Moniepoint in $110M round

Moniepoint Secures $110M Funding

African fintech Moniepoint raises $110 million in new financing, with Google's Africa Investment Fund as a new investor.

Moniepoint's Growth Trajectory

The Series C round was led by Development Partners International's African Development Partners III fund, with other investors including Verod Capital and Lightrock.

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Moniepoint's Business Offerings

Moniepoint provides business banking, payments, lending, and management tools to small and medium-sized businesses across Africa, primarily in Nigeria.

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Moniepoint's Future Plans

The fintech plans to use the new funding to accelerate its growth across Africa and expand its digital payments, banking, foreign exchange, credit, and business management offerings.

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