🏆 Deal of the Week · KW 43/2025
Moniepoint raised USD 90 million in a Series C round; the valuation remains undisclosed. Development Partners International, through the African Development Partners III Fund, led the raise. LeapFrog Investments co-led alongside a broad syndicate of institutional and strategic investors.
Moniepoint — key deal facts
| Company | Moniepoint |
| Founded | 2015 |
| Headquarters | Lagos, Nigeria |
| Amount raised | USD 90m |
| Valuation | Valuation Remains Undisclosed |
| Round | Series C |
| Investors | LeapFrog Investments, The initial raise was led by Development Partners International, through the African Development Partners III Fund. Lightrock, Alder Tree Investments, Visa, Proparco, Swedfund, Verod Capital Management, the International Finance Corporation, and Google, through its Africa Investment Fund, also participated in the Series C raise. |
| Sectors | FinTech |
Who invested in Moniepoint?
The Series C drew participation from LeapFrog Investments, Lightrock, Alder Tree Investments, Visa, Proparco, Swedfund, Verod Capital Management, the International Finance Corporation, and Google through its Africa Investment Fund. The investor mix is notable for combining development-finance institutions — IFC, Proparco, and Swedfund — with strategic corporate backers such as Visa and Google, alongside growth-equity and impact funds. This breadth of capital signals both commercial confidence in Moniepoint's model and a development-finance mandate to expand financial inclusion across Africa.
What does Moniepoint do?
Moniepoint is a Lagos-based FinTech founded in 2015 by Tosin Eniolorunda and Felix Ike, originally operating under the name TeamApt before rebranding. The company provides digital financial services to businesses and individuals, including a widely deployed agency-banking and POS platform, business and personal banking accounts, and credit products for small businesses. Its MonieWorld product addresses international remittances, extending its reach beyond domestic payments. Moniepoint targets underserved populations and small enterprises across Africa that lack reliable access to traditional banking infrastructure.
Moniepoint valuation & multiples
Explore the benchmarks: Series C.
Frequently asked questions
How much did Moniepoint raise in its Series C?
Moniepoint raised USD 90 million in its Series C round; the specific close date has not been publicly confirmed beyond 2025.
What is Moniepoint's valuation?
Moniepoint's valuation remains undisclosed in connection with this Series C raise.
Who invested in Moniepoint?
The round was led by Development Partners International via the African Development Partners III Fund, with co-lead LeapFrog Investments and participation from Lightrock, Alder Tree Investments, Visa, Proparco, Swedfund, Verod Capital Management, the International Finance Corporation, and Google's Africa Investment Fund.
When was Moniepoint founded and where is it based?
Moniepoint was founded in 2015 and is headquartered in Lagos, Nigeria.
Source: original announcement — read the full report.