Visa-Backed Moniepoint Raises $90M to Fuel African Expansion
Hey Digital Banking Fanatic,
Nigerian FinTech leader Moniepoint has secured an additional $90 million in funding, bringing its total raise to $200 million.
The round included participation from Visa, Leapfrog, DPI, and Google’s Africa Investment Fund. According to SVP Ross Strike, Moniepoint is now valued at over $1 billion.
The company plans to invest in its home market of Nigeria while expanding into high-potential regions like the UK and Kenya.
Moniepoint provides essential payments, banking, and remittance services to millions. It now processes over $250 billion in annual transactions, mainly driven by demand in Nigeria. The startup aims to operate in at least five African countries in the near future.
This funding round places Moniepoint among a new wave of African FinTechs achieving unicorn status, alongside Flutterwave, Opay, and Interswitch. In 2025 alone, startups across the continent have raised over $2.2 billion, driven by global investor interest and a tech-savvy, fast-growing, young population that is turning to digital solutions for banking, payments, and entertainment.
As Strike put it, investors who understand emerging markets are now “willing to underwrite the African growth story.”
Moniepoint’s latest raise confirms it: the future of digital banking in Africa is igniting.
Now, let’s get into today’s top stories shaping the future of digital banking 👇
Cheers,
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NEWS
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