Nigeria’s fast-rising fintech firm Moniepoint has raised $90 million in new venture funding, completing its $200 million Series C round and pushing its valuation to around $1 billion — officially earning “unicorn” status.
Moniepoint, known for its ubiquitous point-of-sale (POS) devices seen in shops, kiosks, and restaurants across Nigeria, has become one of the country’s most important payment infrastructure providers. The company’s network enables millions of small businesses and individuals to deposit cash, withdraw funds, and make card payments seamlessly.
Together with its personal banking app, Moniepoint now serves more than 10 million users, processing over $250 billion in annual digital transactions. The fintech has also ventured into cross-border remittances, launching its first international service earlier this year on the UK–Nigeria corridor.
Africa’s fintech industry continues to attract significant investor interest, accounting for about one-third of the $2.2 billion in total startup funding raised across the continent so far in 2025. Moniepoint’s latest round underscores investor confidence in the sector’s long-term potential, especially in markets where digital financial inclusion is expanding rapidly.
The company plans to use the new funds to expand its services and reach, with analysts expecting further moves into new African markets and product diversification into areas like lending and insurance.
