Go big or stay home: Moniepoint's Series C funding presents expansion dilemma
- Moniepoint announced its Series C funding led by DPI.
- The fintech has grown significantly, initially building software for Nigeria's largest banks.
- In 2023, Moniepoint entered the digital banking arena with over ten million users.
Moniepoint's ambitious expansion plans reflect a growing trend among African fintechs to seek opportunities beyond their home markets. However, careful consideration must be given to the potential risks of losing focus on their core market in Nigeria, where they have already established a strong foothold. Balancing growth with market stability will be crucial for their long-term success.
