Moniepoint hits unicorn status with $110M boost from Google and DPI

 

Moniepoint, a Nigerian financial technology company, achieved unicorn status by reaching a valuation of over $1 billion. 

This milestone was made possible after it raised $110 million in a funding round that included significant investors like Google and Development Partners International (DPI). 

As a unicorn, Moniepoint now joins the exclusive group of African tech companies with billion-dollar valuations, which is a major achievement for the continent's tech ecosystem.

The funding will ultimately help Moniepoint expand its operations, improve its product offerings, and increase financial inclusion in Nigeria and other parts of Africa.

 Moniepoint has been focusing on providing digital financial services to businesses and individuals, which includes offering digital banking, payments, and financial management solutions. 

The investment highlights increasing interest from global tech giants in the African market, as well as the continent’s potential for digital and financial innovation

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