Google, DPI backs African fintech Moniepoint in $110M round
- Google's Africa Investment Fund invests in Moniepoint.
- Moniepoint closed $110 million in Series C financing.
- Moniepoint becomes a unicorn with a valuation over $1 billion.
The significant investment in Moniepoint highlights the growing confidence in African fintech and its potential to drive economic growth. As Moniepoint continues to expand its services and customer base, it could serve as a model for other fintech companies in the region. However, the challenges posed by currency devaluation and market volatility must be addressed to sustain this growth trajectory.
