Moniepoint Bags $200 M Series C to Expand Financial Inclusion

Source: Fintech Global

Moniepoint, Africa’s all-in-one financial platform for businesses and their customers, has raised over $200m in equity financing through a Series C funding round. The investment round was led by Development Partners International’s African Development (ADP) III fund, with significant participation from LeapFrog Investments.

Other investors included Lightrock, Alder Tree Investments, Google’s Africa Investment Fund, Visa, the International Finance Corporation (IFC), Proparco, Swedfund, and Verod Capital Management.