Moniepoint secures $200m to drive Africa’s digital finance growth

By Vriti Gothi

Moniepoint Inc. has secured $200 million Series C funding round to drive inclusive digital financial services across the continent and beyond.

The round was led by Development Partners International’s African Development (ADP) III fund, with the final close anchored by LeapFrog Investments, alongside participation from a distinguished group of global investors including Lightrock, Alder Tree Investments, Google’s Africa Investment Fund, Visa, the International Finance Corporation (IFC), Proparco, Swedfund, and Verod Capital Management.

This strategic investment underscores Moniepoint’s position as one of Africa’s most resilient FinTech innovators and one of the few globally to achieve profitability at unicorn scale. With more than 10 million active business and retail banking customers and annual transaction volumes exceeding $250 billion, Moniepoint continues to transform how African enterprises and individuals access, manage, and grow their finances.

The proceeds from the Series C round will support Moniepoint’s next phase of expansion, further strengthening its capacity to serve Africa’s vast network of micro, small, and medium-sized enterprises (MSMEs) and deepening its reach into new international markets. The investment also reinforces Moniepoint’s role as a catalyst for financial inclusion and digital transformation, enabling greater accessibility to affordable, secure, and transparent financial solutions.

The close of the round follows a series of landmark product innovations, including MonieWorld, a cross-border remittance service for the African diaspora in the United Kingdom, and an integrated payments and bookkeeping solution tailored for MSMEs. Moniepoint has also been recognised as one of Africa’s fastest-growing companies by the Financial Times for three consecutive years and was featured in CNBC’s 2025 list of the world’s top FinTech firms.

Tosin Eniolorunda, Founder and Group CEO of Moniepoint Inc., said, “This is a proud day for Moniepoint, and I extend my sincere gratitude to the entire team for their tireless work to make this possible. We founded the Company out of a genuine passion to widen financial inclusion and to help African entrepreneurs realise their potential. That same passion drives the work we do today, and it is heartening to know it is shared by leading global institutions. We will not rest on our laurels. The proceeds from our landmark Series C will be deployed judiciously to generate even more momentum as we enter the next chapter of Moniepoint’s story with financial happiness for Africans everywhere, remaining our ultimate goal.”