Nigerian fintech giant Moniepoint has raised $90 million in a Series C funding round, marking one of Africa’s largest fintech investments of 2025. The round attracted major participation from Visa,Goggle’s investmentment arm, and other global investors, highlighting renewed confidence in Africa’s rapidly evolving digital finance landscape.
Moniepoint, which started as TeamApt in 2015, has grown into one of Nigeria’s most valuable fintech companies, serving over a million businesses and processing billions in monthly transactions. The new funding aims to fuel its pan__African expansion, deepen its credit and payment infrastructure, and strengthen its merchant banking services.
According to Moniepoint CEO Tosin Eniolorunda, the capital injection will accelerate efforts to “build financial happiness” across the continent by helping small and medium-sized enterprises (SMEs) access seamless financial services. “Our mission has always been to power business growth and financial inclusion. This round enables us to expand our reach and develop new solutions for Africa’s underbanked markets,” Eniolorunda said in a statement.
The investment by Visa and Google underscores the growing interest of global tech giants in Africa’s fintech ecosystem. Both companies have made significant strategic moves in the region, from Visa’s partnership with local payment startups to Google’s $1 billion Africa digital transformation pledge. By backing Moniepoint, they are betting on the continent’s booming cashless economy and its youthful, tech-savvy population.
Industry analysts say the deal reaffirms investor confidence in Africa’s fintech resilience, even amid global venture capital slowdowns. With digital payments adoption surging—especially in Nigeria, Kenya, and Ghana—Moniepoint’s end-to-end infrastructure offers a scalable model for growth across new markets.
The company plans to use part of the funds to enhance its digital lending, cross-boarder payment capabilities, and regulatory compliance system. It also aims to expand its workforce and reinforce its technology backbone to maintain uptime and transaction reliability as it scales.
As Africa’s fintech race heats up, Moniepoint’s Series C milestone not only strengthens its competitive position but also signals a new phase in the continent’s digital finance evolution—one increasingly powered by local innovation and global capital.
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