Nigerian fintech unicorn, Moniepoint, has secured a strategic investment from Visa, a global payment company, to drive its expansion across Africa and empower businesses with innovative payment solutions.
This investment follows the company’s highly successful $110 million series C funding round, which tripled its valuation to over $1 billion in October 2024.
The nine-year-old fintech said in a statement to The PUNCH on Thursday that the partnership combines its local expertise and innovative business model with Visa’s global resources and capabilities.
Both firms aim to accelerate the digital transformation of African SMEs, driving financial inclusion and long-term economic prosperity.
The firm cited its strong operational and financial track record as key factors in its position as a leading player in the African fintech ecosystem.
Founder and Group CEO of Moniepoint…
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