Visa’s makes key investment in Moniepoint for African SMEs financial inclusion

Moniepoint has secured an investment from Visa (V), a global leader in digital payments. The investment marks an important milestone in Visa’s commitment to advancing financial inclusion and shaping the future of digital payments while fostering SME growth across Africa. “Visa’s investment in Moniepoint is the latest example of our long-standing commitment to advancing digital economies in Africa. We will enable even the smallest businesses to thrive through innovative payment and software solutions that allow SMEs to scale and open new revenue opportunities, while streamlining their operations.” Founded in 2015 by Tosin Eniolorunda and Felix Ike, Moniepoint has established itself as the leading financial platform for Nigeria’s vast network of small and medium-sized businesses or SMEs, offering an integrated suite of services, including digital payments, bank accounts, credit, and management tools. The platform processes over 1 billion transactions monthly, with total payments volume exceeding $22B, enabling businesses to digitize their operations and thrive in Africa’s rapidly evolving economy With this investment, Visa supports Moniepoint’s mission to empower African businesses, further accelerating its growth and expansion across the continent. Moniepoint’s profitable and scalable business model, alongside its strong operational and financial track record, has positioned it as a transformative force in the African fintech ecosystem.