Nigeria TV Info — Moniepoint Secures Additional $90 Million, Boosting Series C Funding to $200 Million

Lagos, Nigeria — October 23, 2025

African fintech powerhouse Moniepoint has announced an additional $90 million raise as part of its Series C funding round, bringing the total to $200 million after an initial $110 million secured in 2024.

The latest round was led by Development Partners International (DPI), with participation from the International Finance Corporation (IFC), Leapfrog Investments, Google’s Africa Investment Fund, and Visa. This development underscores growing investor confidence in both Moniepoint’s long-term growth strategy and the vast potential of Africa’s digital finance ecosystem.

> “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,” said Tosin Eniolorunda, Moniepoint’s Co-founder and CEO.

Visa’s participation marks a deepening commitment to Africa’s fintech scene. The global payments company has previously invested in Interswitch, Paystack, and Flutterwave, while also launching a fintech accelerator programme to nurture emerging innovators across the continent.

Although Moniepoint did not disclose its current valuation, the firm confirmed it remains well above the $1 billion mark, which it first crossed in 2024.

Founded as a software provider for Nigerian banks, Moniepoint has transformed into one of Africa’s leading financial technology companies, with a massive agency banking network that has driven financial inclusion to millions of underserved Nigerians. The company now serves over 10 million personal and business customers and processes more than $250 billion in annual transactions, all while maintaining profitability.

Moniepoint has also embarked on international expansion, starting with the United Kingdom, where it aims to provide digital banking services to Africans in the diaspora. The company, however, reported a $1.2 million loss linked to upfront investments in its UK operations.

Despite that, industry analysts believe the new capital injection — coupled with backing from top global investors — will help Moniepoint consolidate its dominance across Africa and accelerate its global ambitions.