Nigeria Fintech Moniepoint Raises $110 Million In Series C Round
- Moniepoint closed its Series C funding round raising $110 million.
- The funding round was led by Development Partners International’s ADP III fund.
- Moniepoint has raised a total of $180 million since its launch in 2015.
Moniepoint's successful funding round and its ambition to expand across Africa highlight the growing potential of fintech in the region. The focus on providing comprehensive services for SMBs positions Moniepoint well to capture a significant market share. However, the company must navigate the competitive landscape and regulatory challenges in different African markets to sustain its growth trajectory.
