How Moniepoint $110 Million Funding Round Changed the Game for Fintech Unicorns

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The Nigerian fintech company Moniepoint has become a ‘unicorn’ after raising $110 million from investors, including Google and Development Partners International, a private equity group located in London.

The firm, which is nine years old, revealed this information in a statement to The VIZTADAILY News on Tuesday.

Moniepoint is now valued at over $1 billion for the first time thanks to the financing.

A privately held firm valued at more than $1 billion that is not publicly traded is referred to as a unicorn in the startup ecosystem.

‘The funds raised will be used to accelerate Moniepoint’s growth across Africa, building an all-in-one, seamlessly integrated platform for African businesses of all sizes.’

‘This platform will include services including credit, foreign exchange, digital payments, banking, and business management capabilities, making it a single point of contact for business solutions,’ the startup claimed.

Details will be provided later.

Moniepoint
Abasiama Peter
Abasiama Peterhttps://viztadaily.com
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