On October 21, 2025, Nigerian fintech giant Moniepoint Inc. announced a blockbuster $200 million-plus Series C funding round, led by Development Partners International (DPI).
The cash injection, one of Africa’s biggest fintech equity hauls this year, will fuel Moniepoint’s mission to expand digital financial services across the continent and beyond.
Investors like LeapFrog Investments, Visa, Google’s Africa Investment Fund, and the International Finance Corporation joined the round, signaling strong confidence in the company’s vision.
Moniepoint, once called TeamApt, plans to use the funds to enter new markets and boost tools for small and medium-sized businesses, the heart of Africa’s informal economy. This milestone marks a bold step toward transforming financial access for millions.
Empowering African Entrepreneurs
“This is a game-changer for us,” said Tosin Eniolorunda, Moniepoint’s co-founder and CEO.
“We started this company to make finance inclusive and empower African entrepreneurs. This funding will speed up that dream.”
His passion reflects Moniepoint’s decade-long journey from a 2015 startup to Nigeria’s top business banking platform, serving over 10 million users and handling $250 billion in transactions yearly.
Unlike many global fintechs, Moniepoint has stayed profitable while scaling, a rare feat that underscores its robust model. The company’s focus on small businesses has made it a lifeline for Africa’s economic backbone.
New Tools, New Markets
The funding follows a wave of product rollouts. MonieWorld, a remittance platform for Africans in the UK, and a bookkeeping tool for small businesses are among recent launches. These innovations aim to simplify financial tasks for users, from sending money abroad to managing daily operations.
DPI, which led an earlier funding close in 2024, praised Moniepoint’s blend of growth and impact. “Their innovation and profitability set them apart,” said DPI partner Adefolarin Ogunsanya.
“We’re thrilled to back their next chapter.” LeapFrog’s Karima Ola echoed this, noting the investment aligns with building inclusive financial systems across Africa.
A Crowded Investor Table
The round drew heavyweights like Lightrock, Alder Tree Investments, Proparco, Swedfund, and Verod Capital Management, with Financial Technology Partners advising Moniepoint. This diverse backing highlights the fintech’s appeal as a driver of economic growth in a region where digital banking is still emerging.
Moniepoint’s growth comes as Africa’s fintech sector heats up, with startups racing to serve underbanked populations. The company’s ability to combine profitability with scale positions it as a leader in this space, challenging global players.
Economic Impact and Beyond
Moniepoint’s work is vital for Africa’s informal economy, where small businesses often lack access to reliable banking. By offering digital tools, the company helps entrepreneurs thrive, creating jobs and stability. Its expansion plans could bring these benefits to new countries, amplifying its impact.
The funding news has sparked buzz online, as Nigerians celebrate the fintech’s rise. Its success signals a brighter future for African innovation, putting pressure on competitors to keep up.
What’s Next?
With this cash infusion, Moniepoint is set to reshape African finance. New markets, enhanced tools, and a focus on inclusion will drive its growth.
As the fintech scales, it could redefine banking for millions, challenging traditional systems and boosting economies. The world is watching as Moniepoint turns its vision into reality.
