Moniepoint Achieves Unicorn Status with Over $200M Series C Funding
October 22, 2025, 3:36 am
Location: United Kingdom, England, London
Employees: 11-50
Founded date: 2007
Moniepoint, an African fintech powerhouse, has achieved a major milestone. The company closed its Series C funding round, securing over $200 million in equity financing. This substantial capital infusion propels Moniepoint's valuation past $1 billion. It officially joins the coveted unicorn club. This landmark achievement underscores significant investor confidence in its transformative vision. Moniepoint focuses on financial inclusion and empowering businesses across Africa.
The Series C round saw a diverse consortium of investors participate. Development Partners International's African Development (ADP) III fund led the financing. LeapFrog Investments anchored the final close. Other key backers include Visa, Alphabet Inc.'s Google Africa Investment Fund, Lightrock, Alder Tree Investments, the International Finance Corporation (IFC), Proparco, Swedfund, and Verod Capital Management. These strategic partnerships provide more than just capital. They offer valuable market expertise and global reach. Previous investors like QED Investors and Novastar Ventures also remain integral.
Moniepoint operates as a pivotal financial platform. It serves businesses and their customers across Africa. Its primary mission centers on supporting business growth. It also expands financial inclusion. The company's core market is Nigeria. However, its ambitions stretch much further. Moniepoint actively pursues expansion into new territories. This includes the United Kingdom and Kenya. This expansion strategy aims to capture the African diaspora market and deepen its continental footprint.
The company's service portfolio is comprehensive. It delivers a suite of payment, banking, and operational solutions. These are critical for Micro, Small, and Medium-sized Enterprises (MSMEs). Offerings include digital payments, business banking, personal banking, credit facilities, and cross-border payment solutions. Moniepoint also provides essential business management tools. These tools simplify complex operations for countless entrepreneurs. They foster efficiency and stability.
Moniepoint boasts impressive operational scale. Its customer base exceeds 10 million active businesses and personal banking clients. Annually, it processes over $250 billion in digital payment transaction value. This immense volume reflects its deep market penetration. It also highlights the critical role it plays in Nigeria's digital economy. Its robust infrastructure supports high-volume, secure transactions daily.
Recent product launches exemplify Moniepoint's innovation. MonieWorld provides a remittance solution. It specifically targets the African diaspora in the United Kingdom. This addresses a vital need for seamless international money transfers. Another key innovation is its integrated payment and bookkeeping solution. This tool simplifies business operations for MSMEs. It streamlines financial management, reducing administrative burdens.
Founded in 2015, Moniepoint was initially known as TeamApt Inc. Founders Tosin Eniolorunda and Felix Ike envisioned a powerful financial engine. They started by building robust payment infrastructure for banks. Over time, the company evolved. It directly served businesses with its comprehensive platform. Its London headquarters reflects its global aspirations. Yet, its roots and impact remain firmly in Africa.
The investment reflects a global recognition of Africa's digital economy potential. Fintech remains a rapidly growing sector on the continent. Moniepoint stands at the forefront of this growth. Its focus on MSMEs is strategic. These businesses are the backbone of African economies. Providing them with accessible, efficient financial tools drives widespread economic development. Investors see this long-term value. They view Moniepoint as a critical enabler.
Moniepoint's success signals a broader trend. African tech companies are attracting significant international capital. This validates their innovative models. It also acknowledges the continent's vibrant entrepreneurial spirit. This funding round empowers Moniepoint to accelerate its ambitious plans. It will further invest in technology. It will expand its teams. It will acquire new customers. The goal remains consistent: deliver financial happiness for Africans everywhere. The journey continues with strong momentum. This unicorn is set to redefine financial services. Its impact will resonate across continents."
The Series C round saw a diverse consortium of investors participate. Development Partners International's African Development (ADP) III fund led the financing. LeapFrog Investments anchored the final close. Other key backers include Visa, Alphabet Inc.'s Google Africa Investment Fund, Lightrock, Alder Tree Investments, the International Finance Corporation (IFC), Proparco, Swedfund, and Verod Capital Management. These strategic partnerships provide more than just capital. They offer valuable market expertise and global reach. Previous investors like QED Investors and Novastar Ventures also remain integral.
Moniepoint operates as a pivotal financial platform. It serves businesses and their customers across Africa. Its primary mission centers on supporting business growth. It also expands financial inclusion. The company's core market is Nigeria. However, its ambitions stretch much further. Moniepoint actively pursues expansion into new territories. This includes the United Kingdom and Kenya. This expansion strategy aims to capture the African diaspora market and deepen its continental footprint.
The company's service portfolio is comprehensive. It delivers a suite of payment, banking, and operational solutions. These are critical for Micro, Small, and Medium-sized Enterprises (MSMEs). Offerings include digital payments, business banking, personal banking, credit facilities, and cross-border payment solutions. Moniepoint also provides essential business management tools. These tools simplify complex operations for countless entrepreneurs. They foster efficiency and stability.
Moniepoint boasts impressive operational scale. Its customer base exceeds 10 million active businesses and personal banking clients. Annually, it processes over $250 billion in digital payment transaction value. This immense volume reflects its deep market penetration. It also highlights the critical role it plays in Nigeria's digital economy. Its robust infrastructure supports high-volume, secure transactions daily.
Recent product launches exemplify Moniepoint's innovation. MonieWorld provides a remittance solution. It specifically targets the African diaspora in the United Kingdom. This addresses a vital need for seamless international money transfers. Another key innovation is its integrated payment and bookkeeping solution. This tool simplifies business operations for MSMEs. It streamlines financial management, reducing administrative burdens.
Founded in 2015, Moniepoint was initially known as TeamApt Inc. Founders Tosin Eniolorunda and Felix Ike envisioned a powerful financial engine. They started by building robust payment infrastructure for banks. Over time, the company evolved. It directly served businesses with its comprehensive platform. Its London headquarters reflects its global aspirations. Yet, its roots and impact remain firmly in Africa.
The investment reflects a global recognition of Africa's digital economy potential. Fintech remains a rapidly growing sector on the continent. Moniepoint stands at the forefront of this growth. Its focus on MSMEs is strategic. These businesses are the backbone of African economies. Providing them with accessible, efficient financial tools drives widespread economic development. Investors see this long-term value. They view Moniepoint as a critical enabler.
Moniepoint's success signals a broader trend. African tech companies are attracting significant international capital. This validates their innovative models. It also acknowledges the continent's vibrant entrepreneurial spirit. This funding round empowers Moniepoint to accelerate its ambitious plans. It will further invest in technology. It will expand its teams. It will acquire new customers. The goal remains consistent: deliver financial happiness for Africans everywhere. The journey continues with strong momentum. This unicorn is set to redefine financial services. Its impact will resonate across continents."