Moniepoint Inc., Nigeria’s leading fintech company, has raised an additional $90 million in fresh funding to bring its total fund raised in 2025 to $200 million.
The new capital comes from a mix of private-equity and strategic investors, including Visa Inc., Development Partners International LLP, LeapFrog Investments, and Google’s Africa Investment Fund.
The raise cements Moniepoint’s position among Africa’s highest-valued financial-technology companies and signals renewed global confidence in the continent’s digital-finance market.
Strengthening Market Leadership
Founded in 2015 by Tosin Eniolorunda, Moniepoint has evolved from a local payments platform into one of Nigeria’s most significant fintech operators, providing digital-banking, payments, and remittance services to millions of merchants and individuals.
The company processes more than $250 billion in annual transactions, underscoring the scale of its network and infrastructure in Nigeria’s fast-growing digital economy.
With the new investment, Moniepoint plans to reinforce its domestic footprint while expanding operations into Kenya and the United Kingdom—two markets identified as key to its long-term diversification and international growth strategy.
The company aims to deploy the funds to enhance compliance systems, scale merchant-acquiring capabilities, and strengthen cross-border payments connectivity across Africa.
Investor Confidence in African Fintech
The participation of Visa, LeapFrog, and Google’s investment arm highlights the growing interest of global corporations in African financial-inclusion ventures.
International investors have steadily increased exposure to African technology companies in 2025 as regional markets rebound from two years of constrained venture flows.
Analysts note that Moniepoint’s ability to raise capital amid tightening global liquidity conditions demonstrates both its profitability and operational maturity.
The company’s valuation now exceeds $1 billion, reflecting investor expectations for sustained growth in Africa’s digital-payments infrastructure.
Nigeria’s Expanding Fintech Ecosystem
Nigeria remains the epicentre of Africa’s fintech revolution, hosting established players such as Flutterwave, Interswitch, and Opay. Moniepoint’s latest raise adds further momentum to a sector that continues to attract record capital inflows despite regulatory headwinds.
According to data from Africa: The Big Deal, startups across the continent have already secured over $2.2 billion in funding this year—surpassing totals recorded in both 2024 and 2023.
The surge has been driven by fintech and mobility ventures, with increased merger-and-acquisition activity as firms consolidate to gain scale and regulatory leverage.
Strategic Expansion Outlook
Moniepoint’s planned entry into the United Kingdom signals a new phase for African fintechs seeking to integrate with global payment systems.
The firm intends to leverage its Nigerian market experience—where it built one of the most extensive agent-banking networks—to serve diaspora remittance channels and cross-border merchant payments.
By targeting multiple African markets alongside the UK, Moniepoint aims to position itself as a pan-African financial-technology leader capable of bridging domestic and international payment ecosystems.
Industry Implications
The successful raise reaffirms Africa’s position as a strategic growth frontier for global payment networks and impact investors. As more consumers and small businesses embrace digital finance, established fintechs like Moniepoint are expected to drive deeper inclusion, enhance transaction transparency, and support the continent’s evolving regulatory frameworks.
For investors, the deal underscores renewed conviction in Africa’s financial-infrastructure thesis—a sector forecast to grow in double digits through 2030 as mobile adoption and digital-payment volumes accelerate.