Nigerian entrepreneur Tosin Eniolorunda’s Moniepoint raises $90 million for expansion
Moniepoint, founded by Nigerian entrepreneur Tosin Eniolorunda, has raised $90 million to drive its African expansion and strengthen global fintech operations.
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Moniepoint, founded by Nigerian entrepreneur Tosin Eniolorunda, has raised $90 million to drive its African expansion and strengthen global fintech operations.
Moniepoint, led by Tosin Eniolorunda, posted a $1.2 million loss in the UK while preparing for a full 2025 launch.
With 13 million adults in Europe still unbanked, he believes African fintechs can help bridge the gap.
This investment signals the beginning of a partnership between Visa and Moniepoint, a collaboration that could reshape Africa’s digital payments landscape.
This funding will elevate the company’s digital payment and banking capabilities, reinforcing its commitment to revolutionizing financial services across Africa.
Moniepoint Inc., originally founded as Apt Inc. by Eniolorunda in 2015, has rapidly evolved into a powerhouse within the fintech realm.
In 2015, Eniolorunda founded Moniepoint Inc. with a vision to create a society where everyone experiences financial happiness.
Moniepoint Inc. is an innovative financial software company.
Moniepoint Inc. is a financial software company.