Nigerian fintech firm Moniepoint Inc. has secured $90 million in a Series C funding round, marking one of the largest African fintech deals of 2025.
The raise comes as Visa and Google continue to deepen their strategic investments across Africa’s rapidly expanding digital finance landscape.
The fresh capital—led by global growth investors alongside participation from existing backers—will accelerate Moniepoint’s expansion across Africa and strengthen its position as a dominant player in the continent’s small business banking and payments ecosystem.
Moniepoint, formerly known as TeamApt, has evolved from a payment processing startup into a full-scale digital banking platform serving over 1.5 million businesses.
The company’s model—combining digital banking, payment infrastructure, and credit access for small and medium enterprises (SMEs)—has made it a vital link in Africa’s cash-to-digital transition.
“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,” co-founder and CEO Tosin Eniolorunda said in a statement.
Industry analysts say the $90 million raise reaffirms global investors’ growing confidence in Africa’s fintech potential, particularly as digital transactions, mobile commerce, and cross-border payments accelerate.
