Close Menu
fintechbits
  • News
  • AI
  • Acquisitions
  • Trends
  • Insights
  • Rumors
  • Startups
  • finjobsly

Subscribe to Updates

Get the latest news from Fintechbits.

Trending Now

ABA President urges regulatory changes to align Azerbaijan’s fintech industry with international standards.

October 9, 2025

New Features Introduced by Fintech Startups at GFF 2025

October 9, 2025

Revamping the Customer Challenge Title

October 9, 2025

Niro, a fintech startup supported by Elevar Equity and GMO Venture Partners, shuts down after attaining $100 million in assets under management, citing regulatory challenges and restricted funding.

October 9, 2025
Facebook X (Twitter) Instagram
Trending
  • ABA President urges regulatory changes to align Azerbaijan’s fintech industry with international standards.
  • New Features Introduced by Fintech Startups at GFF 2025
  • Revamping the Customer Challenge Title
  • Niro, a fintech startup supported by Elevar Equity and GMO Venture Partners, shuts down after attaining $100 million in assets under management, citing regulatory challenges and restricted funding.
  • Advancements in AI Technology for Financial Services | SAP Connect
  • Artem Borodatyuk invests $1 million in a fintech startup.
  • The gradual yet permanent impact of AI on the finance sector
  • Vietnam Fintech Market Overview: Trends, Growth Potential, and Future Directions
Facebook X (Twitter) Instagram Pinterest Vimeo
fintechbits
  • News

    What $9.6T Daily FX Trading Means for Fintech Startups

    October 1, 2025

    How Finjobsly is Helping Candidates Connect With Fintech Firms

    September 29, 2025

    AI-powered fintech job platform Finjobsly.com Launches

    September 16, 2025

    FCCPC recoups 10 billion naira for harmed customers after grievances against banks and fintech companies

    September 11, 2025

    Hyderabad Fintech Viyona secures NPCI approval to function as a third-party application provider.

    September 11, 2025
  • AI

    Revamping the Customer Challenge Title

    October 9, 2025

    Advancements in AI Technology for Financial Services | SAP Connect

    October 9, 2025

    The gradual yet permanent impact of AI on the finance sector

    October 8, 2025

    Majority of UK finance experts believe AI will shape the future of cross-border banking.

    October 8, 2025

    Global Finance announces inaugural AI in Finance awards and names regional and global winners for 2025 in collaboration with CGI.

    October 8, 2025
  • Acquisitions

    Amazon concludes its acquisition of the Indian lender Axio, expanding its fintech efforts.

    September 11, 2025

    The incident involving the Kaustubh Kulkarni movement in Moomoo

    September 3, 2025

    Overview of Acquisitions for US Fintech Companies from the Clifford Chance Guide

    September 2, 2025

    Dentons guides PEAC Solutions in acquiring Fintech Topi

    August 29, 2025

    Truckstop.com purchases the denim division of the transport finish company

    August 24, 2025
  • Trends

    Vietnam Fintech Market Overview: Trends, Growth Potential, and Future Directions

    October 8, 2025

    Industry size projected to reach 550.9 billion USD

    October 3, 2025

    Germany’s Fintech Market Expected to Reach 29.25 Billion USD by 2030

    October 3, 2025

    Expansion of the Blockchain and Fintech Sectors in Tokenization

    September 30, 2025

    Expansion and Investment Prospects in the GCC Fintech Sector

    September 25, 2025
  • Insights

    Finance Minister Sitharaman inaugurates foreign currency settlement system in Gift City.

    October 7, 2025

    What $9.6T Daily FX Trading Means for Fintech Startups

    October 1, 2025

    Exploring the Boundaries of Technology: Advantages of the Fintech Sector

    September 30, 2025

    Examining the recent evaluation of Up Fintech following new analyst coverage that emphasizes its growth prospects.

    September 24, 2025

    Riyadh Establishes a New Benchmark with Record 20/20 Middle East Funds, Enhancing Saudi Arabia’s Influence

    September 21, 2025
  • Rumors

    American regulators dismiss rumors of a dry CFTC merger, aiming to eliminate fear, uncertainty, and doubt in the cryptocurrency space.

    October 5, 2025

    Insights on OKX Communication Strategies for the Future of BTC Futures

    October 3, 2025

    Has the Texas Senate authorized the XRP reserve bill for purchasing $100 million in XRP annually?

    October 1, 2025

    Bitcoin and Ethereum dominate the market surge

    September 23, 2025

    Dogecoin price aims for $0.30 as the launch of Doje ETF boosts market optimism.

    September 18, 2025
  • Startups

    New Features Introduced by Fintech Startups at GFF 2025

    October 9, 2025

    Niro, a fintech startup supported by Elevar Equity and GMO Venture Partners, shuts down after attaining $100 million in assets under management, citing regulatory challenges and restricted funding.

    October 9, 2025

    Artem Borodatyuk invests $1 million in a fintech startup.

    October 8, 2025

    Seven startups that showcase the European fintech disruption with Kinled – TFN.

    October 8, 2025

    Fintech startup Niro shuts down operations

    October 8, 2025
  • finjobsly
fintechbits
Home » Nigerian Fintech Moniepoint secures $110 million for expansion
Jobs Market News

Nigerian Fintech Moniepoint secures $110 million for expansion

2 Mins Read
Facebook Twitter Pinterest Telegram LinkedIn Tumblr Email Reddit
Moniepoint.jpg
Share
Facebook Twitter LinkedIn Pinterest Email Copy Link

Moniepointa Nigeria-based fintech company, successfully raised $110 million in a Series C funding round.

The financing was led by International development partners African Development Partners Fund III (ADP III), with the participation of investors such as Google Africa Investment FundVerod Capital and Lightrock.

Strategic Focus on Business Banking and Financial Access

Founded in 2015 by Tosin Eniolorunda And Felix IkeMoniepoint was initially launched under the name TeamApt.

The company has since grown from banking infrastructure support to one of Nigeria’s largest business banking providers, serving millions of African businesses.

According to Moniepoint, it currently processes more than 800 million transactions each month, totaling more than $17 billion.

Moniepoint’s platform offers a range of services beyond standard banking, including business loans, expense management tools, bookkeeping solutions, and more.

In 2023, the company also entered the personal banking market with an app and debit card, positioning itself as a one-stop financial solution for businesses and individuals.

Financing to fuel regional growth and financial inclusion efforts

Moniepoint’s latest funding round is expected to support its expansion into more African countries.

The company said profits would be dedicated to creating additional digital financial services, including foreign exchange and credit options, to offer comprehensive financial tools tailored to various African markets.

The company’s approach aligns with broader financial inclusion efforts, as many African countries seek to integrate more businesses and individuals into formal financial systems.

“Our mission is to help our customers solve their challenges by making our platform more innovative, transparent and secure,” Eniolorunda mentioned in the press release. shared with AfroTech.

“Proceeds from this increase will accelerate our efforts to drive financial inclusion and support Africa’s entrepreneurial potential. I would like to sincerely thank the entire Moniepoint team for making this achievement possible.

Significant growth and market potential

Moniepoint has experienced rapid growth, with its personal finance user base increasing 2,000% over the past year and revenue growing at an annual rate of 150%, according to the company.

This growth comes as Moniepoint seeks to expand its operations to serve Africa’s large informal sector, which employs approximately 83% of the continent’s workforce.

With the support of new and existing investors, Moniepoint plans to use this capital injection to continue its commitment to financial access and strengthen its position in the competitive fintech space in Africa.


Featured image credit: Moniepoint

Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

How Finjobsly is Helping Candidates Connect With Fintech Firms

September 29, 2025

Harsh Goenka reveals the fastest-growing job roles globally: from fintech engineers to megadata specialists; see the complete list.

September 18, 2025

AI-powered fintech job platform Finjobsly.com Launches

September 16, 2025
Leave A Reply Cancel Reply

Latest news

ABA President urges regulatory changes to align Azerbaijan’s fintech industry with international standards.

October 9, 2025

New Features Introduced by Fintech Startups at GFF 2025

October 9, 2025

Revamping the Customer Challenge Title

October 9, 2025
News
  • AI in Finance (1,705)
  • Breaking News (171)
  • Corporate Acquisitions (71)
  • Industry Trends (207)
  • Jobs Market News (309)
  • Market Insights (216)
  • Market Rumors (279)
  • Regulatory Updates (174)
  • Startup News (1,110)
  • Technology Innovations (179)
  • X Feed (1)
About US
About US

FintechBits is a blog delivering the latest news and insights in fintech, finance, and technology. We cover breaking news, market trends, innovations, and expert opinions to keep you informed about the future of finance

Facebook X (Twitter) Instagram Pinterest Reddit TikTok
News
  • AI in Finance (1,705)
  • Breaking News (171)
  • Corporate Acquisitions (71)
  • Industry Trends (207)
  • Jobs Market News (309)
  • Market Insights (216)
  • Market Rumors (279)
  • Regulatory Updates (174)
  • Startup News (1,110)
  • Technology Innovations (179)
  • X Feed (1)
Happening Now

November 28, 2024

“ Intentionally collaborative ”: how the Rotman school of U of T leads Innovation Fintech

February 6, 2025

‘1957 Ventures’ to Drive FinTech Innovation in Saudi Arabia

September 10, 2024
  • About FintechBits
  • Advertise With us
  • Contact us
  • Disclaimer
  • Privacy Policy
  • Terms and services
  • BUY OUR EBOOK GUIDE
© 2025 Designed by Fintechbits

Type above and press Enter to search. Press Esc to cancel.