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Maroc Maroc - WN.COM - Africa - 23/Oct 23:57

Moniepoint Secures Over $200 Million To Power Pan-African Growth

LAGOS – Fintech company Moniepoint Inc. announced yesterday that it has raised more than US $200 million in a Series C equity financing round aimed at accelerating its expansion across Africa and into diaspora markets. The round was led by British private equity firm Development Partners International through its African Development Partners III fund, with participation from impact-investor LeapFrog Investments, Google Africa Investment Fund, global payments giant Visa Inc., the International Finance Corporation and other international backers. Founded in Lagos in 2015 by co-founders Tosin...

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