How much equity should you give investors in your startup?
Equity represents ownership in your startup, typically allocated as shares. Typical equity ranges for seed investors are 10% to 20%, while Series A investors may ask for between 20% and 25%.
Moniepoint taps Stanbic IBTC CFO as MFB leader, possibly signalling commercial bank ambitions
Moniepoint hires ex-Stanbic IBTC CFO Bayo Olujobi as CFO of its microfinance bank. Moniepoint recently attained unicorn status with a valuation of over $1 billion.
Moniepoint taps Stanbic IBTC CFO for its microfinance bank after $110 million raise
Moniepoint raised $110 million at a billion-dollar valuation. Bayo Olujobi appointed as CFO of Moniepoint MFB.
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.
Nigerian fintechs ramp up compliance hiring months after customer onboarding ban
Kuda Bank, Moniepoint, OPay, and Palmpay expand compliance teams after central bank's April ban. Moniepoint hired five new transaction monitoring team members, including former OPay and Flutterwave employees.
