, a leading African financial services platform, has secured a , bringing its to over . This latest funding round cements Moniepoint’s , with the company now valued at more than .

We have redefined payments in Nigeria with flexible options – Moniepoint’s Ndugbu

Visa joins a distinguished group of investors, including , further solidifying Moniepoint’s position as a dominant force in the African fintech space.

Moniepoint has witnessed remarkable growth, processing over and achieving a . This represents a in less than three months. Growth highlights its role as a critical driver of financial inclusion and digital payments across the continent.

The collaboration with Visa is a strategic move aimed at expanding Moniepoint’s digital payment ecosystem across Africa, with a focus on:

, CEO of Moniepoint, emphasized the importance of the partnership:

“This collaboration with Visa is not just about expanding our footprint but about reshaping the payment ecosystem across Africa. By empowering SMEs and introducing advanced payment solutions, we are laying the foundation for a truly cashless and inclusive economy.”

Africa’s fintech sector has emerged as a hotbed of innovation, driven by a and . The continent’s digital payment market is projected to grow to $40 billion by 2025, making it an attractive frontier for global payment giants like Visa.

Moniepoint’s local expertise combined with Visa’s global infrastructure positions the partnership to tap into this vast potential. By digitizing transactions for millions of underserved businesses, the collaboration aims to boost economic growth and foster financial inclusion.

The COVID-19 pandemic accelerated the adoption of touchless payment technologies worldwide, and Africa is no exception. Central banks across the continent are actively promoting cashless policies to enhance transparency, reduce transaction costs, and curb financial fraud.

Moniepoint’s introduction of contactless solutions is timely, offering businesses and consumers a safer, faster, and more convenient way to transact. This aligns with the CBN’s guidelines and broader efforts to digitize Africa’s economies.

SMEs form the backbone of African economies, yet they often face significant barriers to accessing credit and efficient payment systems. Moniepoint and Visa’s partnership seeks to:

• Unlock new opportunities for growth by integrating African SMEs into the global digital economy.

The Moniepoint-Visa partnership reflects a broader trend of global payment giants collaborating with African fintech innovators. Investors are drawn to the continent’s untapped potential and rapid technological adoption, with African fintech companies raising record amounts of funding in recent years.

Visa’s investment in Moniepoint is particularly significant, as it highlights the strategic importance of fostering local partnerships to penetrate the fragmented but high-growth African market.

Moniepoint’s rise to unicorn status and its strategic partnership with Visa mark a turning point for Africa’s fintech ecosystem. By empowering SMEs, introducing advanced payment solutions, and fostering financial inclusion, the collaboration is set to reshape Africa’s financial landscape.

With digital payment adoption on the rise and a booming fintech sector, Moniepoint and Visa are poised to drive transformative change, unlocking immense economic opportunities for millions across the continent.