5 key strategies Moniepoint adopted en route to becoming a $1 billion fintech
- Moniepoint became Africa's latest unicorn with a $110 million funding.
- The company is now the largest merchant acquirer and in-person payments platform in Nigeria.
- Moniepoint processed over $150 billion in transactions in 2023.
Moniepoint's journey from a software provider to a fintech unicorn exemplifies the potential of innovative solutions in addressing market needs. Their strategic decisions, such as bootstrapping and focusing on B2B solutions, have proven effective in building a sustainable business model. As they continue to grow, it will be crucial for them to maintain their customer-centric approach while navigating the competitive fintech landscape in Africa.
