Moniepoint Achieves $1 Billion Valuation Following New $90 Million Funding Round

Funding Achievement: Moniepoint Inc. has raised an additional $90 million in its Series C funding round, bringing the total to over $200 million and elevating its valuation to over $1 billion, marking it as a unicorn in Africa's fintech sector.

Investor Support: The funding round was led by Development Partners International, with significant contributions from LeapFrog Investments and other notable investors, aimed at enhancing Moniepoint's services for African businesses and expanding into new markets.

Company Growth: Founded in 2015, Moniepoint has evolved from a payment infrastructure provider to a comprehensive digital finance platform, serving over 10 million customers and processing more than $250 billion in digital payments annually.

Focus on Financial Inclusion: Moniepoint aims to empower micro, small, and medium-sized enterprises (MSMEs) in Africa by providing essential digital tools and financial services, thereby driving economic growth and innovation across the continent.