Moniepoint, Africa’s all-in-one financial platform for businesses and consumers, has announced the successful close of its series C funding round, raising over $200 million in equity financing.
The funding round was led by Development Partners International’s African Development (ADP) III fund, with major participation from LeapFrog Investments, a globally recognized impact investor. Other participants include Lightrock, Alder Tree Investments, Google’s Africa Investment Fund, Visa, The International Finance Corporation (IFC), Proparco, Swedfund, and Verod Capital Management.
The fresh capital will fuel Moniepoint’s next phase of growth, supporting its mission to empower businesses and individuals to achieve their financial dreams while expanding across Africa and international markets.
Register for Tekedia Mini-MBA edition 19 (Feb 9 – May 2, 2026): big discounts for early bird.
Tekedia AI in Business Masterclass opens registrations.
Join Tekedia Capital Syndicate and co-invest in great global startups.
Register for Tekedia AI Lab: From Technical Design to Deployment (next edition begins Jan 24 2026).
This milestone follows a period of strong performance and innovation, including the launch of MonieWorld, a remittance service for the African diaspora in the United Kingdom, and an integrated payment and bookkeeping solution for micro, small, and medium-sized enterprises (MSMEs).
Speaking on the funds raised, Group CEO of Moniepoint, Tosin Eniolorunda said,
“This is a proud day for MoniePoint, and I extend my sincere gratitude to the entire team for their tireless work to make this possible. We founded the company out of a genuine passion to widen financial inclusion and to help African entrepreneurs realise their potential. That same person drives the work we do today, and it is heartening to know it is shared by leading, global institutions. 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”.
Also commenting, Adefolarin Ogunsanya, partner at Development Partners International, said,
“Since leading the first close of this landmark Series C, we have seen Moniepoint reach new heights, delivering innovation alongside sustained growth and profitability. DPI is proud to have anchored this round, reaffirming our conviction and support for the business and its leadership team. We continue to be impressed by Moniepoint’s powerful combination of commercial success and its impact on financial inclusion and look forward to our continued partnership with Tosin and his team as they scale further in Nigeria, across Africa, and beyond”.
Founded in 2015 by Tosin Eniolorunda and Felix Ike, Moniepoint (formerly TeamApt) has evolved from building payment infrastructure for banks into Nigeria’s leading business banking provider. The company stands out as one of the few global fintech companies and the first in Africa to achieve profitability at Unicorn scale.
As Nigeria’s top payments and digital banking platform, its offerings span digital payments, business and personal banking, credit, cross-border payments, and business management tools. The fintech currently serves over 10 million active businesses and personal banking customers, processing more than $250 billion in annual digital payment transactions.
Notably, Moniepoint’s consistent growth has earned it a place among Africa’s fastest-growing companies by the Financial Times for three consecutive years and recognition by CNBC as one of the world’s top fintech companies in 2025. This latest raise adds to Moniepoint’s impressive list of blue-chip investors, which already includes QED Investors, Novastar Ventures, Lightrock, FMO, British International Investment, Global Ventures, Endeavor Catalyst, New Voices Fund, and Verod Capital Management.