Moniepoint Group Secures $120 Million in Series C Funding to Expand Financial Ecosystem for Businesses Globally

Moniepoint Inc., Africa's leading all-in-one financial ecosystem, is excited to announce a significant funding milestone, successfully raising $120 million in its latest round of financing. Since its inception in 2019, Moniepoint has revolutionized the landscape for 10 million businesses and individuals across Africa by providing seamless access to payments, banking, credit, and comprehensive business management tools. As Nigeria's largest merchant acquirer, Moniepoint plays a pivotal role in facilitating a substantial portion of the nation's Point of Sale (POS) transactions, underpinning an impressive $17 billion processed monthly for its valued customers. This latest capital infusion will serve as a catalyst for Moniepoint's ambitious expansion plans, allowing the company to enhance its product offerings, invest in cutting-edge technologies, and broaden its reach across the African continent. Embracing a fully remote workforce and boasting a diverse team from all corners of the globe, Moniepoint is headquartered in London, with dynamic offices in the US, Nairobi, and Lagos. The company is committed to being a #DreamMaker, empowering businesses everywhere to realize their full potential and contributing to economic growth in the region. With this new funding, Moniepoint is well-positioned to further streamline financial processes for its customers and solidify its status as a prominent player in the evolving financial technology ecosystem. Stay tuned as Moniepoint continues to grow and develop innovative solutions that transform the way Africa and beyond handle their finances!