Google, through its Africa Investment Fund, has acquired a stake in Moniepoint Incorporated, a financial technology (fintech) firm in Nigeria.
Google, through its Africa Investment Fund, has acquired a stake in Moniepoint Incorporated, a financial technology firm in Nigeria.
will include services like digital payments, banking, foreign exchange , credit, and business management tools. “In this latest capital raise – DPI, Google’s Africa Investment Fund, and Verod join existing blue-chip investors in Moniepoint such as QED Investors, Novastar Ventures, Lightrock, British International Investment, Global Ventures, Endeavour Catalyst, and New Voices Fund.”Tosin Eniolorunda, founder and group chief executive officer of Moniepoint, said the funds raised will accelerate the company’s efforts to advance financial inclusion and support Africa’s entrepreneurial potential.
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