Moniepoint Inc., Africa’s all-in-one financial platform for businesses and their customers, has completed the final close of its Series C funding round, bringing total equity raised to more than $200 million.
A Milestone Round Backed by Global Investors
The cumulative raise includes an earlier $110 million tranche completed in 2024, led by Development Partners International’s African Development Partners III (ADP III) fund, with participation from Google’s Africa Investment Fund, Lightrock, Alder Tree Investments, and Verod Capital Management. The new capital, announced this month, added LeapFrog Investments, Visa, International Finance Corporation (IFC), Proparco, and Swedfund to Moniepoint’s investor base.
The investment will fuel Moniepoint’s mission to power the financial dreams of millions of businesses and customers across Africa and the global diaspora.
Moniepoint serves more than 10 million active business and personal banking customers and processes more than $250 billion in annual digital transaction value.
CEO’s Perspective
Tosin Eniolorunda, founder and group CEO of Moniepoint Inc., said, “This is a proud day for Moniepoint, and I extend my sincere gratitude to the entire team for their tireless work to make this possible. We founded the company out of a genuine passion to widen financial inclusion and to help African entrepreneurs realise their potential. That same passion drives the work we do today, and it is heartening to know it is shared by leading, global institutions.”
He added, “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.”
Expanding Across Africa and Beyond
The new capital will power Moniepoint’s next phase of growth, enhance its business banking and consumer finance capabilities, and accelerate its expansion across Africa and key international markets.
Recent product launches include MonieWorld, a remittance solution targeting the African diaspora in the United Kingdom, and an integrated payment and bookkeeping platform designed to simplify operations for micro, small, and medium-sized enterprises.
A Leading African Fintech
Moniepoint Inc. (formerly TeamApt Inc.) was founded in 2015 by Tosin Eniolorunda and Felix Ike. The company has been ranked among Africa’s Fastest-Growing Companies by the Financial Times for three consecutive years and was featured on CNBC’s World’s Top Fintech Companies 2025 list.
