Moniepoint mirrors Jack-Dorsey’s Square with new POS
Moniepoint is testing an all-in-one POS terminal. The new POS combines payment processing, inventory management, and transaction reconciliation.
Moniepoint, OPay, PalmPay responded to 2024 ban with better data collection and compliance
Nigerian fintechs faced fines and a six-week ban on onboarding new users due to compliance issues. The Central Bank of Nigeria (CBN) retired 18 directors, leading to a shift in regulatory stance.
Nigerian fintech startup Accrue raises $1.58 million seed round
Lattice Fund leads a $1.58 million seed round in Accrue. Accrue pivots from crypto investing to cross-border payment solutions.
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.
Nigerian Fintech Moniepoint Receives Strategic Investment from Visa
Visa invests over $10 million in Moniepoint, raising Series C funding to exceed $120 million. Moniepoint processes over 1 billion transactions monthly with payment volumes reaching $22 billion.
