Visa-Backed Moniepoint Raises $90M to Fuel African Expansion
- Moniepoint secured an additional $90 million in funding to accelerate its expansion.
- The total funding raised by Moniepoint now stands at $200 million.
- The funding round included participation from Visa, DPI, LeapFrog Investments, and Google's Africa Investment Fund.
The significant funding raised by Moniepoint not only underscores the potential of fintech in Africa but also reflects a broader trend of increasing investment in the continent's tech ecosystem. This could lead to enhanced financial inclusion and innovation, but stakeholders should remain vigilant about the sustainability of such rapid growth.
