Visa's recent strategic investment in Moniepoint highlights a commitment to advancing financial inclusion in Africa, particularly for SMEs. Moniepoint, which focuses on banking and payments, saw its Series C funding surpass $120 million, including a recent $10 million from Visa. The fintech processes over 1 billion transactions monthly, reflecting a significant 25% increase in just three months. Despite its growth, it only captures a small portion of Nigeria's wider $400 billion digital payment market, with opportunities for further market penetration and additional funding anticipated.
Visa's investment in Moniepoint aims to accelerate financial inclusion in Africa, partnering to enhance SME growth through robust digital payment solutions.
Moniepoint has transformed the financial landscape in Nigeria, processing over 1 billion transactions monthly, showcasing strong growth and substantial market interest.
Collection
[
|
...
]