Nigerian financial technology leader Moniepoint has announced a $200 million funding round, marking one of Africa’s largest fintech investments of the year. The capital injection is set to drive Moniepoint’s mission of expanding financial inclusion and digital payment infrastructure across the continent.

According to company executives, the funding will support the rollout of new banking solutions for small and medium-sized enterprises (SMEs), enhance payment processing technology, and deepen Moniepoint’s footprint in key African markets.

“This investment validates Africa’s fintech potential,” said Tosin Eniolorunda, CEO of Moniepoint. “Our goal is to empower millions of entrepreneurs and make digital finance accessible, affordable, and secure.”

Analysts say Moniepoint’s growth reflects a broader surge in Africa’s digital economy, as startups leverage technology to bridge financial gaps left by traditional banks. With its robust agent network and digital platforms, the company has already processed billions in transactions monthly, earning a reputation as a key player in the continent’s cashless transition.

The new funding — led by global venture capital firms — also positions Moniepoint to explore AI-driven financial tools and cross-border payment innovations, further integrating Africa into the global digital economy.

As fintech continues to redefine commerce and inclusion across the region, Moniepoint’s rise symbolizes Africa’s growing role as a hub for financial innovation.