Think about backing one in all Africa’s quietest giants earlier than the gang caught on. In the present day, that small firm, Moniepoint, is now value over $1 billion.
Moniepoint started as a small funds outfit attempting to assist SMEs modernise their fee infrastructure. It’s now a multi-billion-dollar fintech that runs a lot of Nigeria’s SMEs transaction infrastructure. It lately raised an extra $90 million to finish its Sequence C spherical at $200 million, one yr after reaching unicorn standing.
After Moniepoint raised $110 million in October 2024 to turn out to be a unicorn, early traders and a few senior workers made cash from promoting shares to new traders. A minimum of two senior workers who bought a part of their shares within the spherical made $20,000 and $850,000.
Now think about you had an early seat at Moniepoint’s investor desk. TechCabal designed this software to indicate that an early wager would have grown. It illustrates how perception, timing, and self-discipline are compounded in Africa’s expertise story.
Enter an quantity to see how conviction interprets into returns.
Moniepoint exhibits what scale constructed on fundamentals appears to be like like in Africa, specializing in revenue and infrastructure, a self-discipline that has now rewarded its first backers.
Since its $110 million preliminary Sequence C spherical, the corporate has expanded its product to incorporate a remittance product, a list product, and launched contactless fee playing cards, underscoring its intent to proceed scaling. The corporate is rapidly changing into the poster baby of a maturing ecosystem, constructed with endurance.
The following Moniepoint could already be forming in Lagos, Nairobi, or Accra, led by founders who construct patiently, resolve sensible issues, and develop no matter financial realities.
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