Nigerian fintech firm Moniepoint these days launched that it has reached “unicorn” region after securing $110 million in funding from a crew of eminent merchants, including Google and the London-based entirely deepest fairness firm, Development Partners International (DPI).
This funding brings Moniepoint’s valuation to over $1 billion for the first time, marking a essential milestone for the nine-year-outmoded startup.
In the startup world, “unicorn” region is a prestigious fulfillment reserved for deepest firms valued at extra than $1 billion. For Moniepoint, this funding spherical is never any longer upright a monetary boost; it’s a pivotal moment that can maybe per chance aid the firm solidify its region as a leading monetary providers provider in Africa.
In line with Moniepoint’s observation, the capital raised will tempo up its growth across the continent. With this fresh funding, Moniepoint targets to expand its all-in-one, integrated platform tailored for African agencies of all sizes.
This platform will present a fluctuate of necessary industry instruments, including digital funds, banking, foreign alternate, credit, and management alternatives.
Moniepoint’s success aligns with the growing interest in the African fintech scene, where firms are building progressive alternatives to meet the region’s irregular monetary desires. By attaining unicorn region, Moniepoint demonstrates its ability to scale posthaste and influence a sturdy, user-pleasant platform that helps African agencies streamline their operations.
