Visa invests over $10 million in African fintech Moniepoint to support SME growth across Africa, including introducing contactless payments.

TechCrunch

United States

African fintech Moniepoint gets Visa backing, plans to work on contactless payments

Nigerian fintech unicorn, Moniepoint, has secured a strategic investment from Visa, a global payment company, to drive its expansion across Africa and empower businesses with innovative payment solutions. This investment follows the company’s highly successful $110 million series C funding round, which tripled its valuation to over $1 billion in October 2024. The nine-year-old fintech

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Moniepoint, Visa partner to empower African businesses

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Verizon Communications

ShareOne of Nigeria’s leading business payments and banking services platforms, Moniepoint Inc., has secured an investment from Visa, a global leader in digital payments, according to a press release. The statement said that the investment marks an important milestone in Visa’s commitment to advancing financial inclusion and shaping the future of digital payments while fostering... The post Visa Invests In Moniepoint To Boost African SMEs appear…

Newtelegraph

Visa Invests In Moniepoint To Boost African SMEs - New Telegraph

Nigerian fintech, Moniepoint Inc. has secured an investment from Visa, a global leader in digital payments.   The post Moniepoint secures fresh funding from Visa 3 months after $110 million Series C  appeared first on Nairametrics.

Nairametrics

Moniepoint secures fresh funding from Visa 3 months after $110 million Series C

Visa is betting that Nigerian FinTech Moniepoint will accelerate growth for small- to medium-sized businesses (SMBs) in Africa. The global payments giant invested in the company to advance financial inclusion, shape the future of digital payments and foster SMB growth across the continent, according to a Thursday (Jan. 23) press release. Specific financial terms were not disclosed. “Visa’s investment in Moniepoint is the latest example of our lo…

PYMNTS.com

Visa Invests in Moniepoint to Unlock Africa’s Small Business Potential

by Tosin Eniolorunda Some great news. Moniepoint has secured an investment from Visa, a global leader in digital payments, to continue our mission to create financial happiness for every African everywhere. Given that about 83% of African employment is in the informal economy, our goal is to widen access and participation in the formal financial system and drive economic growth across Africa. Visa is a company that shares this goal. This investm…

Brand Spur

Moniepoint Gets Backed By Visa To Accelerate Financial Inclusion For African Businesses - Brand Spur

By Adedapo Adesanya Global financial payments giant, Visa, has made a strategic investment of $10 million in Nigerian fintech unicorn, Moniepoint, to expand its services and deepen financial inclusion on the African continent. This development comes three months after Moniepoint raised $110 million in a Series C funding round that made the company a unicorn. […]

Business Post Nigeria

Visa Invests $10m in Moniepoint to Deepen Financial Inclusion

African fintech company Moniepoint has received strategic funding from Visa. As AFROTECH previously reported, Moniepoint was reportedly the fastest-growing fintech company in 2023 and 2024. Launched by Tosin Eniolorunda (CEO) and Felix Ike (chief technology officer), the fintech company has a banking app that connects customers to a “debit card that always works,” Eniolorunda said in a YouTube video. Moniepoint’s offerings include: 
Banking acco…

AfroTech

Moniepoint, Africa’s Fastest-Growing Fintech Company, Scores Strategic Investment From Visa

Moniepoint, the Nigerian fintech unicorn, has secured a strategic investment from the global payments giant Visa. This comes three months after Moniepoint raised $110 million in a Series C funding round that tripled the company’s valuation to hit the billion-dollar mark. The investment signals increasing interest in Moniepoint which many investors consider a solid company with bright prospects. Visa’s investment will help Moniepoint expand its s…

TechCabal

Visa makes strategic investment in Nigerian unicorn Moniepoint

Nigerian fintech Moniepoint has secured a strategic investment from Visa, months after raising $110M. The partnership aims to deepen financial inclusion, scale SME tools, and drive digital payments growth.

African fintech Moniepoint gets Visa backing, plans to work on contactless payments

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