Visa makes strategic investment in Nigerian fintech Moniepoint
- $110 million Series C funding round announced by Moniepoint.
- Visa's strategic investment in Moniepoint reportedly exceeds $10 million.
- Moniepoint processes over 1 billion transactions monthly, totaling over $22 billion.
The partnership between Moniepoint and Visa is a significant step towards enhancing the digital economy in Africa, particularly for SMEs. This collaboration not only boosts Moniepoint's capabilities but also reflects Visa's strategic interest in the African fintech landscape. It would be interesting to see how this investment impacts the competitive dynamics among fintech startups in the region.
