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 provides capital to expand digital financial services across Africa and to Nigerian and African diaspora communities abroad.
Development Partners International led the additional $90 million in funding that completed the round. DPI, which focuses on growth-stage investments across Africa, also led the first close of the Series C in October 2024; LeapFrog Investments anchored the final close, with participation from investors including the IFC, Visa and Google's Africa Investment Fund.
SCALE OF OPERATIONS
Moniepoint had, at the time of the close, processed over $250 billion in annual transactions and served more than 10 million personal and business banking customers. 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.
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, including its pending entry into Kenya through Sumac Microfinance Bank. The round also supports plans to build tailored products and services for African diaspora communities.