Oct 29, 09:00 AM

Moniepoint Achieves Unicorn Status with $110 Million Series C Funding for Expansion, Valued Over $1 Billion

Nigerian fintech company Moniepoint has achieved unicorn status following a successful $110 million Series C funding round that values the firm at over $1 billion. The investment was led by Development Partners International (DPI) and included participation from Google, among other investors. Moniepoint, which provides a range of financial services including bank accounts, loans, and point-of-sale terminals, plans to utilize the new capital for expansion and is reportedly in talks for potential acquisitions. This funding comes amid a broader slowdown in fundraising for African startups, highlighting Moniepoint's significant growth and market presence.

#Moniepoint #Development Partners International #DPI #Google #African

Written with ChatGPT (GPT-4o mini).

Sources

Oliver Stuenkel 🇧🇷@OliverStuenkel
2 years ago
Financial tech startup Moniepoint from Nigeria became Africa’s latest “unicorn,” a privately held firm valued at more than $1 billion https://t.co/kkqwGAqSSn
Rest of World@restofworld
2 years ago
With its new $110M investment round, Moniepoint just became Africa's latest unicorn. Here's how the fintech company's blue machine became ubiquitous across Nigeria https://t.co/P0Uz4L9h7N
Reuters Tech News@ReutersTech
2 years ago
Google among investors putting $110 million into Nigeria's Moniepoint https://t.co/qgAH3zR2ro https://t.co/xCMk7I4BvQ

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Moniepoint Achieves Unicorn Status with $110 Million Series C Funding for Expansion, Valued Over $1 Billion

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