Visa-backed fintech firm Moniepoint raises additional $90m
- By IndiaStartupBuzz | October 31, 2025
Visa-Backed Fintech Firm Moniepoint Raises Additional $90M to Expand Digital Financial Services
Moniepoint, a leading fintech company backed by global payments giant Visa, has announced it has raised an additional $90 million in funding to scale its digital financial services platform across Africa. This fresh capital infusion will accelerate Moniepoint’s mission to drive financial inclusion by expanding access to digital payments, banking, and lending products to underserved populations.
Founded in 2015, Moniepoint provides a wide array of financial technology solutions including digital wallet services, agent banking, and merchant payments. Its technology empowers small businesses and individuals across Nigeria and other African nations to participate actively in the formal financial system, tackling challenges such as financial exclusion and cash dependency.
Visa’s continued backing underscores Moniepoint’s strategic importance as a partner in expanding digital payments infrastructure in emerging markets. The $90 million investment advisory round attracted participation from new investors, as well as existing stakeholders committed to Moniepoint’s vision of transforming financial access through technology.
With this capital, Moniepoint plans to deepen its product offerings, enhance technology infrastructure, and grow its network of agents and merchants. The company aims to serve millions more customers, enabling secure, convenient, and affordable financial services that promote economic empowerment.
Moniepoint’s CEO highlighted the opportunity presented by Africa’s rapidly growing mobile phone penetration and digital economy, emphasizing that innovation and partnerships are critical for overcoming barriers to banking access. The company’s agent network model, which leverages local businesses as banking agents, has been pivotal in reaching rural and underbanked communities.
The funding will also support investments in AI-powered credit scoring, fraud detection systems, and API integrations to foster seamless interoperability with banks and third-party financial service providers. These enhancements are designed to improve customer experiences while managing operational risks.
Industry analysts see Moniepoint’s latest raise as part of a broader surge in fintech funding across Africa, driven by growing investor interest in high-growth digital financial service providers tapping vast unbanked populations. Visa’s involvement bolsters confidence in Moniepoint’s governance, compliance, and technology standards.
By expanding digital payments capabilities and financial inclusion, Moniepoint plays a crucial role in Africa’s economic development, enabling businesses to thrive and consumers to access a wider range of services such as credit, insurance, and savings.
In summary, Moniepoint’s $90 million funding round backed by Visa reflects strong market validation and positions the fintech firm for accelerated growth, innovation, and deeper impact on Africa’s digital financial ecosystem.
