A Nigerian financial technology company, Moniepoint, has reached the prestigious “unicorn” status by securing $110 million in funding from various investors, including Google and a London-based private equity firm.
Moniepoint, established nine years ago, revealed this significant achievement in a recent statement.
This funding has catapulted Moniepoint’s valuation to over $1 billion, marking its entry into the unicorn club of companies valued at more than $1 billion and not publicly traded.
The raised capital will fuel Moniepoint’s expansion across Africa, aiming to create a fully integrated platform catering to businesses of all sizes in the region.
This platform will offer a comprehensive range of services, including digital payments, banking, foreign exchange, credit facilities, and business management tools, consolidating it as a one-stop solution for business needs.
More details to follow…