Moniepoint has raised an additional $90 million in its Series C funding round, bringing the total to $200 million. This follows an initial $110 million tranche secured in October 2024, solidifying Moniepoint’s position as a unicorn-valued fintech driving financial inclusion across the continent.
The first $110 million raise was spearheaded by Development Partners International’s African Development (ADP) III fund, with participation from Google’s Africa Investment Fund, Verod Capital Management, and Lightrock. The latest $90 million infusion, also led by Development Partners International, welcomed new investors LeapFrog Investments—a prominent impact investor with significant involvement—Alder Tree Investments, Visa, the International Finance Corporation (IFC), Proparco, and Swedfund. Returning investors Google’s Africa Investment Fund, Verod Capital Management, and Lightrockalso joined the second tranche, demonstrating sustained confidence in Moniepoint’s vision.
The new fund is expected to accelerate Moniepoint’s expansion across Africa and into international markets, while enhancing its digital payments, banking, credit, and business management solutions.
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