Moniepoint Now Valued at $1billion. Africa's Latest Unicorn
Moniepoint has just secured a $110 million dollar investment at $1billion valuation in a Series C fund round let by ADP (Development Partners International’s African Development Partners), a VC Fund focused on Africa including other notable investors in the round like Google's Africa Investment fund and Verod Capital. According to the Moniepoint leadership, the funds would be use to further rapid growth of Moniepoint and building an all-in-one integrated platform for businesses. In a statement by ADP's spokesperson, Adefolarin Ogunsanya: “Moniepoint is well positioned to continue its impressive growth trajectory while driving financial inclusion for underserved businesses and individuals across Africa. DPI has a long-track record of supporting businesses like Moniepoint to achieve their next stage of scale. “The company’s combination of innovative technology, fast growth, and positive impact on the continent underpins our conviction in its future s...
