Moniepoint Raises $90 Million at a $1 Billion Valuation

Moniepoint is a financial technology company focused on providing digital financial services and tools. Its primary mission is to support business growth and expand financial inclusion. Moniepoint concentrates on delivering a suite of payment, banking, and operational solutions to its core market in Nigeria, while actively pursuing expansion into newer markets such as the UK and Kenya.

Moniepoint has raised an additional $90 million, completing a Series C round that now totals over $200 million and values the fintech company at more than $1 billion. This latest round was led by Visa, Development Partners International LLP, Leapfrog, and Alphabet Inc.’s Google Africa Investment Fund.

Moniepoint, headquartered in London, England, United Kingdom, was founded in 2015 by Tosin Eniolorunda and Felix Ike. In 2024, the company joined the unicorn club. “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,” said Tosin Eniolorunda, the CEO of Moniepoint.