Business Page Writer
By Nonso Agbodi
In a bold stride toward advancing digital banking and financial inclusion across Africa, Nigerian fintech powerhouse Moniepoint Inc. has announced the successful close of a $200 million Series C funding round, signaling one of the continent’s largest equity raises of 2025.
The funding, the company revealed on Tuesday, was led by Development Partners International’s African Development (ADP) III fund, with strong participation from LeapFrog Investments, Lightrock, Google’s Africa Investment Fund, Visa, IFC, Proparco, Swedfund, Verod Capital Management, and Alder Tree Investments.
This latest round cements Moniepoint’s reputation as one of Africa’s few profitable fintechs operating at unicorn scale—proving that sustainable growth and impact-driven innovation can go hand in hand.
Driving the Next Phase of Growth
According to Moniepoint, the newly raised capital will be channeled into expanding its product suite, scaling infrastructure, and deepening access to digital financial services for millions of small and medium-sized enterprises (SMEs) across Africa and beyond.
Founder and Group CEO Tosin Eniolorunda described the milestone as both a validation of the company’s vision and a springboard for the future.
“We started Moniepoint to remove barriers to financial access and empower entrepreneurs across Africa,” Eniolorunda said. “This new investment affirms that mission. We’ll use it to accelerate financial happiness for businesses and individuals everywhere.”
He added that the company remains committed to building trusted, easy-to-use financial tools that help micro and small business owners thrive in the formal economy.
Investors Express Confidence
Adefolarin Ogunsanya, Partner at Development Partners International (DPI), said Moniepoint’s growth trajectory and disciplined execution convinced DPI to anchor the round.
“We’ve watched Moniepoint combine scale with impact, proving that commercial success can align with social good,” Ogunsanya noted. “We are proud to deepen our partnership as the company continues its pan-African expansion.”
Similarly, Karima Ola, Partner at LeapFrog Investments, highlighted the fintech’s vital role in supporting Africa’s small business ecosystem.
“Micro, small, and medium enterprises are the lifeblood of African economies,” Ola said. “Moniepoint is giving these businesses the digital tools and trust they need to transact, grow, and hire at scale. Our investment reflects our belief in that vision.”
Empowering Africa’s MSMEs
From payment processing and digital banking to credit access and bookkeeping, Moniepoint’s platform has become indispensable for MSMEs—a sector that accounts for over 80% of employment in Nigeria alone.
Farid Fezoua, Global Director for Disruptive Technologies and Funds at the International Finance Corporation (IFC), emphasized the importance of Moniepoint’s model in driving financial inclusion.
“We’re supporting Moniepoint because it is helping thousands of underserved retailers transition into the digital economy,” Fezoua said. “Their work is vital in creating jobs and building resilience in emerging markets where cash still dominates.”
A Global Signal of Confidence
With this new capital injection, Moniepoint joins the ranks of Africa’s most globally recognized fintechs, attracting blue-chip investors such as QED Investors, Novastar Ventures, FMO, British International Investment, Global Ventures, Endeavor Catalyst, and New Voices Fund.
Financial Technology Partners (FT Partners) acted as Moniepoint’s exclusive financial and strategic advisor during the transaction.
The Series C raise, which follows an initial first close announced in October 2024, marks another defining chapter in Moniepoint’s mission to build an inclusive financial ecosystem — one that transforms how businesses and individuals across Africa access, move, and grow their money.
“This is more than a funding round,” Eniolorunda said. “It’s a renewed commitment to Africa’s entrepreneurs — and to making financial inclusion not just a dream, but a daily reality.”
