Moniepoint Inc., Africa’s all-in-one financial platform for businesses and their customers, has announced the successful close of its Series C funding round, securing more than US$200 million in equity financing.
The investment underscores Moniepoint’s rapid growth, sustained profitability, and meaningful impact, and will enable the Company to advance its mission of powering the financial dreams of millions of businesses and individuals across Africa and the global diaspora.
The round was led by Development Partners International’s African Development (ADP) III fund, with the final close anchored by leading impact investor LeapFrog Investments. Other participating investors include Lightrock, Alder Tree Investments, Google’s Africa Investment Fund, Visa, the International Finance Corporation (IFC), Proparco, Swedfund, and Verod Capital Management.
Moniepoint stands among a rare group of global fintechs — and the first in Africa — to achieve profitability at unicorn scale while driving measurable financial inclusion. As Nigeria’s leading payments and digital banking platform, the Company serves over 10 million active business and personal banking customers and processes more than US$250 billion in annual digital transaction value.
Proceeds from the round will be used to fund Moniepoint’s next phase of growth, expanding its capacity to help African enterprises and individuals achieve financial empowerment, while supporting its continued expansion across the continent and into international markets.
The close of this round follows a milestone year for Moniepoint, marked by several significant product launches. These include MonieWorld, a remittance solution connecting the African diaspora in the United Kingdom to their families back home, and the launch of an integrated payments and bookkeeping solution designed to simplify operations for micro, small and medium-sized enterprises (MSMEs). The Company was recently recognised by the Financial Times as one of Africa’s fastest-growing companies for the third consecutive year, and by CNBC among the world’s top fintechs for 2025.
Founded in 2015 by Tosin Eniolorunda and Felix Ike, Moniepoint Inc. (formerly TeamApt Inc.) began by developing payment infrastructure for banks. Today, it is Nigeria’s foremost business banking provider, offering digital payments, business and personal banking, credit, cross-border transactions, and comprehensive business management tools tailored for MSMEs.
Tosin Eniolorunda, Founder and Group CEO of Moniepoint Inc., said:
“This is a proud day for Moniepoint, and I extend my sincere gratitude to our entire team for their relentless effort in making this possible. We founded the Company with a genuine passion to widen financial inclusion and help African entrepreneurs realise their potential. That same passion drives us today, and it’s deeply rewarding to have the support of such respected global partners.
“We will not rest on our laurels. The proceeds from our landmark Series C will be used judiciously to create even greater momentum as we enter the next chapter of Moniepoint’s story – with financial happiness for Africans everywhere remaining our ultimate goal.”
Adefolarin Ogunsanya, Partner at Development Partners International, commented:
“Since leading the first close of this landmark Series C, we’ve seen Moniepoint reach new heights — combining innovation with sustained growth and profitability. DPI is proud to have anchored this round, reaffirming our confidence in the Company’s leadership. We continue to be impressed by Moniepoint’s unique blend of commercial success and social impact, and we look forward to supporting Tosin and his team as they scale across Africa and beyond.”
Karima Ola, Partner at LeapFrog Investments, added:
“MSMEs are the heartbeat of African economies — driving job creation and innovation. Yet many still lack access to digital banking and credit. Moniepoint has become an essential partner to these businesses, providing them with the digital tools and trust they need to grow. Our investment reflects our commitment to shaping an inclusive financial ecosystem where cross-border payments are seamless, and SMEs have access to the full range of financial services needed to thrive.”
Farid Fezoua, Global Director for Disruptive Technologies, Services, and Funds at IFC, said:
IFC is committed to supporting technology-driven startups that expand access to finance in emerging markets. Moniepoint’s platform enables MSMEs to process digital payments, access credit, and manage their operations efficiently, helping them grow their businesses and create jobs in one of Africa’s most vital sectors.”
This latest round expands Moniepoint’s distinguished investor base, which already includes QED Investors, Novastar Ventures, Lightrock, FMO, British International Investment, Global Ventures, Endeavour Catalyst, and New Voices Fund.
Financial Technology Partners acted as Moniepoint’s exclusive financial and strategic advisor in the transaction.
The first close of Moniepoint’s Series C was announced in October 2024.
