Nigerian fintech Moniepoint has closed its Series C funding round at a total of $200 million after completing an additional $90 million tranche on 21 October 2025. The final close brings the company's largest fundraise to date to completion and provides capital to accelerate the expansion of digital financial services across Africa and to Nigerian and African diaspora communities abroad, as the company moves beyond its domestic base to pursue a continental growth strategy.
Development Partners International led the additional $90 million in funding that completed the round. DPI, which focuses specifically on growth-stage investments across Africa, joins a group of investors that backed earlier tranches of the Series C. The involvement of a dedicated African-focused growth investor signals clear confidence in Moniepoint's trajectory at a time when investor appetite for African fintech has become more selective following a period of elevated valuations and heightened scrutiny of unit economics and path-to-profitability across the broader sector.
SCALE OF OPERATIONS UNDERPINS FUNDRAISE
Moniepoint had, at the time of the close, processed over $250 billion in annual transactions and served more than 10 million active users. Those metrics place it among the largest payments and financial services platforms in Nigeria and the wider West African region. The company's core product enables small and medium-sized businesses to accept payments, access credit, and manage cash flow through a mobile-first platform, addressing gaps in the formal banking system that remain significant for millions of Nigerian entrepreneurs and traders who rely on informal credit and cash for day-to-day operations, providing a more resilient and scalable model.
The $250 billion annualised transaction volume reflects the scale at which informal and formal commerce is increasingly being intermediated through digital rails in Nigeria, where cash remains prevalent but mobile money adoption has accelerated sharply in recent years. Moniepoint's focus on the merchant banking and payments segments distinguishes it from consumer-facing neobanks, and the company has consistently argued that serving businesses creates stickier, higher-volume relationships than individual consumer accounts, producing a revenue mix that is less sensitive to changes in consumer credit appetite.
AFRICA-WIDE EXPANSION AND DIASPORA STRATEGY
The proceeds of the Series C will be directed towards geographic expansion beyond Nigeria, with the company targeting additional African markets as part of a broader continental growth strategy that management has been preparing for some time. The round also supports plans to build tailored products and services for African diaspora communities, a segment that represents a substantial and historically underserved market for remittances, savings, and cross-border payment products linking Africa with major diaspora destinations in Europe, North America, and the Gulf region.
Moniepoint's ability to complete a $200 million round in the current fundraising environment reflects both the strength of its operating performance and the compelling structural case for digital financial services growth across Africa, where large populations remain underserved by traditional banking infrastructure. The company's management has indicated that the capital will also be deployed in strengthening the underlying technology platform and building the regulatory relationships necessary to operate compliantly across multiple jurisdictions as the African expansion advances into new markets over the coming period.