Lagos, Nigeria (Naija247news) — Africa’s fast-evolving financial technology industry has hit a new milestone as Nigerian-born fintech giant Moniepoint Inc. secured $200 million in total funding, propelling its valuation beyond $1 billion and confirming its place among the continent’s elite fintech unicorns.
The latest $90 million round, led by an international investor syndicate that includes Visa Inc., Development Partners International (DPI), Leapfrog Investments, and Alphabet’s Google Africa Investment Fund, marks one of the strongest signals yet of renewed global confidence in Africa’s digital economy.
Global Investors Double Down on Africa’s Digital Finance Revolution
According to Bloomberg, Ross Strike, Moniepoint’s Senior Vice President, said the firm’s growth trajectory reflects “the maturity of Africa’s fintech sector and the willingness of global capital to support inclusive innovation.”
The latest financing comes amid a wave of investor enthusiasm for Africa’s mobile-first economy. International players are increasingly betting on African startups that can scale financial inclusion, enhance cross-border payments, and power small business growth.
Moniepoint, which now processes over $250 billion in annual transactions, plans to use the fresh capital to expand its Nigerian operations and establish new footholds in Kenya and the United Kingdom.
This expansion strategy not only reinforces Moniepoint’s continental ambitions but also strengthens Nigeria’s reputation as the nucleus of Africa’s fintech innovation.
From Local Startup to Continental Powerhouse
Founded in 2015 by Tosin Eniolorunda, Moniepoint began as a humble payments processor helping merchants accept digital transactions. Over the years, it has evolved into a full-service digital bank, offering payment gateways, credit services, business banking, and remittance solutions.
The company has built deep roots among Nigeria’s small and medium enterprises (SMEs) — the backbone of Africa’s largest economy. Millions of these businesses rely on Moniepoint for secure, real-time financial transactions that sustain commerce across the country.
Eniolorunda’s vision of a “banking system that works for everyone” has positioned Moniepoint at the center of Africa’s digital transformation story.
Africa’s Fintech Momentum Redefines Capital Flows
Africa’s fintech ecosystem has moved from promise to performance. According to Africa: The Big Deal, startups across the continent have already raised over $2.2 billion in 2025, outpacing totals from both 2023 and 2024.
This momentum reflects growing investor belief in Africa’s potential to leapfrog traditional banking models through mobile technology, digital wallets, and open banking systems.
Nigeria, Kenya, and South Africa remain the region’s top fintech hubs, producing billion-dollar innovators such as Flutterwave, Interswitch, Opay, and Moove — the Uber Technologies-backed vehicle financing startup reportedly targeting a $2 billion valuation in its next raise.
The sector’s expansion has also driven record levels of mergers, acquisitions, and strategic partnerships, signaling maturity and consolidation within Africa’s startup ecosystem.
Moniepoint’s Billion-Dollar Milestone and What It Means for Africa
With its new funding and global partnerships, Moniepoint joins the ranks of Africa’s fintech heavyweights transforming the continent’s financial landscape.
Backed by Visa and Google, the company is poised to deepen its market footprint, drive product innovation, and scale access to affordable financial services for millions of underbanked Africans.
More importantly, Moniepoint’s unicorn status reinforces a broader structural shift — where Africa is no longer a passive recipient of technology but an active producer of financial innovation shaping global narratives around inclusion, scalability, and impact.
As global capital continues to chase African opportunity, Moniepoint’s rise is more than a success story — it’s a statement that the future of finance is being coded in Lagos, Nairobi, and Johannesburg.
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Reporting by Peter Anene, Business Editor in Lagos, Nigeria.
