Moniepoint raised $110M in a Series C funding round led by Development Partners International to accelerate its growth across Africa.
Amount Raised
$110 Million
Round Type
Series C
Investors
Description
Moniepoint has successfully closed a $110 million Series C round, with new backing from Google’s Africa Investment Fund. This financing round was led by Development Partners International, featuring participation from Verod Capital and Lightrock, among others.
Quick answer
Moniepoint raised $110 Million in a Series C round, dated October 29, 2024. Investors: Endeavor Catalyst, Development Partners International, Google’s Africa Investment Fund, Development Partners International’s ADP III fund, Verod Capital, Lightrock, QED Investors and British International Investment.
- How much did Moniepoint raise?
- Moniepoint raised $110 Million in a Series C round on October 29, 2024.
- Who invested in Moniepoint?
- Endeavor Catalyst, Development Partners International, Google’s Africa Investment Fund, Development Partners International’s ADP III fund, Verod Capital, Lightrock, QED Investors and British International Investment are named as investors in this round.
- What does Moniepoint do?
- Moniepoint, initially known as TeamApt, is a fintech company focused on providing infrastructure and payment solutions for banks and financial institutions in Africa.
- Where is Moniepoint based and how big is it?
- Fundz records about 3,800 employees.
- Who are the decision-makers at Moniepoint?
- Fundz holds 5 contacts at Moniepoint, including the Chief Executive Officer. Names and contact details are shown to Fundz members.
Source: Fundz verified event record.
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