Visa has invested over $10 million in African fintech Moniepoint, joining its Series C funding round, which now exceeds $120 million. Moniepoint provides banking, credit, and payment services to businesses and individuals in Africa. The investment aims to drive financial inclusion and support SME growth across the continent. Moniepoint processes over 1 billion transactions monthly, with total payment volumes reaching $22 billion. The partnership will focus on expanding the payment ecosystem, introducing contactless payments, and improving accessibility for micro-transactions. Visa’s investment highlights the fintech’s position and potential in Nigeria’s card value chain as both a major issuer and acquirer.
Nigerian Fintech Moniepoint Secures Over $10m Investment From Visa, Eyes Expansion in Africa
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