Moniepoint, a leading Nigerian fintech company, has secured $110 million in funding from prominent investors, including Google and Development Partners International (DPI).
The nine-year-old startup disclosed this in a statement to ABN TV on Tuesday.
The investment has boosted Moniepoint’s valuation to over $1bn for the first time.
In the startup ecosystem, a unicorn is a privately held company valued at more than $1bn and not publicly traded.
“The capital raised will be used to accelerate Moniepoint’s growth across Africa, building an all-in-one, seamlessly integrated platform for African businesses of all sizes.
“This platform will include services such as digital payments, banking, foreign exchange, credit, and business management tools, making it a one-stop shop for business solutions,” the startup said.
