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Visa Makes Strategic Investment in Moniepoint to Accelerate Financial Inclusion for African SMEs

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Visa (NYSE: V) has made a strategic investment in Moniepoint, Nigeria's largest SME-focused fintech platform. Moniepoint processes over 1 billion transactions monthly with total payments volume exceeding $22 billion, serving as the leading financial platform for Nigeria's SME network.

The company offers integrated services including digital payments, bank accounts, credit, and management tools. Since its founding in 2015, Moniepoint has shown impressive growth with revenues increasing by over 150% CAGR in recent years. The platform currently serves 10 million businesses and individuals, powering most of Nigeria's Point of Sale (POS) transactions.

This investment aligns with Visa's commitment to advancing financial inclusion in Africa, particularly given that 83% of employment across Africa is in the informal economy. The partnership aims to combine Moniepoint's local expertise with Visa's global resources to accelerate digital transformation of African SMEs.

Visa (NYSE: V) ha effettuato un investimento strategico in Moniepoint, la più grande piattaforma fintech in Nigeria focalizzata sulle PMI. Moniepoint gestisce oltre 1 miliardo di transazioni mensili, con un volume totale di pagamenti che supera i 22 miliardi di dollari, fungendo da piattaforma finanziaria leader per la rete delle PMI nigeriane.

L'azienda offre servizi integrati che includono pagamenti digitali, conti bancari, credito e strumenti di gestione. Dalla sua fondazione nel 2015, Moniepoint ha mostrato una crescita impressionante, con ricavi in aumento di oltre il 150% CAGR negli ultimi anni. Attualmente, la piattaforma serve 10 milioni di aziende e individui, alimentando la maggior parte delle transazioni Point of Sale (POS) in Nigeria.

Questo investimento è in linea con l'impegno di Visa a promuovere l'inclusione finanziaria in Africa, considerando che l'83% dell'occupazione in Africa si trova nell'economia informale. La partnership mira a combinare l'expertise locale di Moniepoint con le risorse globali di Visa per accelerare la trasformazione digitale delle PMI africane.

Visa (NYSE: V) ha realizado una inversión estratégica en Moniepoint, la plataforma fintech más grande de Nigeria enfocada en las PYMEs. Moniepoint procesa más de 1 mil millones de transacciones mensuales, con un volumen total de pagos que supera los 22 mil millones de dólares, sirviendo como la plataforma financiera líder para la red de PYMEs de Nigeria.

La empresa ofrece servicios integrados que incluyen pagos digitales, cuentas bancarias, crédito y herramientas de gestión. Desde su fundación en 2015, Moniepoint ha mostrado un crecimiento impresionante, con ingresos que han aumentado más del 150% CAGR en los últimos años. Actualmente, la plataforma atiende a 10 millones de empresas e individuos, impulsando la mayoría de las transacciones de Punto de Venta (POS) en Nigeria.

Esta inversión está alineada con el compromiso de Visa de avanzar en la inclusión financiera en África, particularmente dado que el 83% del empleo en África se encuentra en la economía informal. La asociación tiene como objetivo combinar la experiencia local de Moniepoint con los recursos globales de Visa para acelerar la transformación digital de las PYMEs africanas.

Visa (NYSE: V)는 나이지리아의 중소기업 중심 핀테크 플랫폼인 Moniepoint에 전략적 투자를 했습니다. Moniepoint는 매월 10억 건 이상의 거래를 처리하며, 총 결제 금액이 220억 달러를 초과하여 나이지리아 중소기업 네트워크의 주요 금융 플랫폼 역할을 하고 있습니다.

이 회사는 디지털 결제, 은행 계좌, 신용 및 관리 도구를 포함한 통합 서비스를 제공합니다. 2015년에 설립된 이후 Moniepoint는 지난 몇 년 동안 150% 이상의 연평균 성장률(CAGR)로 인상적인 성장을 보여주었습니다. 현재 이 플랫폼은 1,000만 개의 기업과 개인에게 서비스를 제공하며, 나이지리아의 대부분의 포인트 오브 세일(POS) 거래를 지원하고 있습니다.

이 투자는 나이지리아에서 83%의 고용이 비공식 경제에 해당하는 것을 고려할 때, 아프리카에서 금융 포용성을 촉진하려는 Visa의 약속과 일치합니다. 이 파트너십의 목표는 Moniepoint의 지역 전문성과 Visa의 글로벌 자원을 결합하여 아프리카 중소기업의 디지털 혁신을 가속화하는 것입니다.

Visa (NYSE: V) a réalisé un investissement stratégique dans Moniepoint, la plus grande plateforme fintech de Nigeria axée sur les PME. Moniepoint traite plus de 1 milliard de transactions par mois, avec un volume total de paiements dépassant 22 milliards de dollars, servant de plateforme financière leader pour le réseau des PME nigérianes.

L'entreprise propose des services intégrés comprenant des paiements numériques, des comptes bancaires, des crédits et des outils de gestion. Depuis sa création en 2015, Moniepoint a montré une croissance impressionnante, avec des revenus augmentant de plus de 150 % CAGR ces dernières années. La plateforme sert actuellement 10 millions d'entreprises et d'individus, alimentant la plupart des transactions de Point de Vente (POS) au Nigeria.

Cet investissement s'aligne sur l'engagement de Visa à promouvoir l'inclusion financière en Afrique, en particulier étant donné que 83 % de l'emploi en Afrique se trouve dans l'économie informelle. Le partenariat vise à allier l'expertise locale de Moniepoint aux ressources mondiales de Visa pour accélérer la transformation numérique des PME africaines.

Visa (NYSE: V) hat eine strategische Investition in Moniepoint, die größte auf KMU fokussierte Fintech-Plattform in Nigeria, getätigt. Moniepoint verarbeitet monatlich über 1 Milliarde Transaktionen mit einem Gesamtzahlungsvolumen von über 22 Milliarden Dollar und fungiert als führende Finanzplattform für das KMU-Netzwerk Nigerias.

Das Unternehmen bietet integrierte Dienstleistungen an, zu denen digitale Zahlungen, Bankkonten, Kredite und Management-Tools gehören. Seit der Gründung im Jahr 2015 hat Moniepoint ein beeindruckendes Wachstum gezeigt, mit einem Umsatzanstieg von über 150 % CAGR in den letzten Jahren. Die Plattform bedient derzeit 10 Millionen Unternehmen und Einzelpersonen und treibt die meisten der Point-of-Sale (POS)-Transaktionen in Nigeria an.

Diese Investition steht im Einklang mit dem Engagement von Visa zur Förderung der finanziellen Inklusion in Afrika, insbesondere angesichts der Tatsache, dass 83 % der Beschäftigung in Afrika in der informellen Wirtschaft stattfindet. Die Partnerschaft zielt darauf ab, die lokale Expertise von Moniepoint mit den globalen Ressourcen von Visa zu kombinieren, um die digitale Transformation der afrikanischen KMU voranzutreiben.

Positive
  • Processes over 1 billion monthly transactions with $22 billion in payment volume
  • Revenue growth of over 150% CAGR in recent years
  • Serves 10 million businesses and individuals
  • Backing from major investors including Google's Africa Investment Fund and Visa
Negative
  • None.

Insights

Visa's strategic investment in Moniepoint marks a calculated entry into Africa's rapidly evolving fintech landscape, particularly significant given the continent's $180 billion digital payment market potential by 2025. Moniepoint's $22 billion monthly transaction volume and impressive 150% CAGR revenue growth demonstrate extraordinary market penetration in Nigeria, where approximately 40 million SMEs operate.

The investment's strategic value extends beyond mere financial returns. For Visa, this represents a sophisticated play to embed itself deeper into Africa's informal economy, which accounts for 83% of employment. By leveraging Moniepoint's established infrastructure and local market expertise, Visa gains immediate access to a vast merchant network without the typical challenges of direct market entry.

The partnership's timing is particularly astute, coinciding with Nigeria's rapid digital transformation and regulatory push toward cashless transactions. Moniepoint's integrated suite of services - combining payments, banking and credit - creates a comprehensive ecosystem that addresses the full spectrum of SME financial needs, a model that has proven highly successful in other emerging markets.

Three key factors make this investment particularly compelling:

  • Moniepoint's profitable operations in a market where many fintechs struggle with unit economics
  • The platform's established position as Nigeria's largest merchant acquirer, providing a solid foundation for Visa's expansion
  • The potential for technology transfer and product innovation, particularly in areas like cross-border payments and digital banking

The investment also positions both companies to capitalize on the African Continental Free Trade Area (AfCFTA) agreement, which is expected to boost intra-African trade significantly. This could drive substantial growth in cross-border payment volumes, a key strength of Visa's global network.

Investment from global payments leader accelerates Moniepoint’s momentum as Nigeria’s Largest SME-Focused Fintech

LONDON--(BUSINESS WIRE)-- Moniepoint Inc. (“Moniepoint”), one of Nigeria’s leading business payments and banking services platform, has secured an investment from Visa, 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 Makes Strategic Investment in Moniepoint to Accelerate Financial Inclusion for African SMEs (Graphic: Business Wire)

Visa Makes Strategic Investment in Moniepoint to Accelerate Financial Inclusion for African SMEs (Graphic: Business Wire)

Founded in 2015 by Tosin Eniolorunda and Felix Ike, Moniepoint Inc (formerly known as TeamApt Inc) has established itself as the leading financial platform for Nigeria’s vast network of small and medium-sized businesses (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 $22 billion, 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.

As Africa’s Fintech landscape continues to evolve rapidly driven by a dynamic ecosystem and a focus on bridging the financial inclusion gap, Visa has been at the forefront of this transformation, putting its expertise and resources to work in support of the growth of African Fintech startups.

Tosin Eniolorunda, Founder and Group CEO of Moniepoint Inc., said:

“We are thrilled to announce Visa’s investment in Moniepoint. Visa’s backing is a strong endorsement of our vision to digitize and support African businesses at scale. Together, we aim to deepen financial inclusion, enabling SMEs to access the tools and resources they need to thrive in an increasingly digital economy. Given that about 83% of employment across Africa is in the informal economy, we are very keen to widen access and participation in the formal financial system and drive economic growth across Africa.

“Visa’s expertise in global payments and Moniepoint’s proven ability to serve African businesses make this partnership an exciting opportunity in shaping the continent’s economic future even as we pave the way for a more inclusive and dynamic financial ecosystem. We are delighted in joining forces with Visa to enhance the digital payment infrastructure, expanding financial services, and fostering innovation in Africa.”

Andrew Torre, Regional President, Central and Eastern Europe, Middle East and Africa at Visa, added:

“Moniepoint has built an impressive platform that directly addresses the needs of Africa’s SMEs, a critical segment in enabling economic development. By making financial services and digital payments more accessible and efficient, Moniepoint is helping transform how businesses operate in Nigeria and beyond. We are excited to support their next phase of growth and innovation.”

“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.”

Moniepoint has experienced exponential growth since its founding in 2015, with revenues increasing by over 150% CAGR in recent years. The company’s efforts to expand access to financial services align closely with Visa’s mission of enabling individuals and businesses to thrive in the global economy.

This partnership combines Moniepoint’s local expertise and innovative business model with Visa’s global resources and capabilities. Together, Moniepoint and Visa aim to accelerate the digital transformation of African SMEs, driving financial inclusion and long-term economic prosperity.

Visa joins other notable investors including Development Partners International, Google’s Africa Investment Fund, Verod Capital, Lightrock, QED Investors, Novastar Ventures, British International Investment (BII), FMO (the Dutch entrepreneurial development bank), Global Ventures and Endeavor Catalyst in advancing Moniepoint's mission to create a society where everyone experiences financial happiness.

Notes to Editors

About Moniepoint

Moniepoint Inc. is Africa’s all-in-one financial ecosystem, helping 10 million businesses and individuals access seamless payments, banking, credit, and business management tools since 2019. As Nigeria’s largest merchant acquirer, it powers most of the country’s Point of Sale (POS) transactions. Through its subsidiaries, Moniepoint Inc. processes $22 billion monthly for its customers while operating profitably. For more information, please visit https://moniepoint.com/

About Visa

Visa (NYSE: V) is a world leader in digital payments, facilitating transactions between consumers, merchants, financial institutions and government entities across more than 200 countries and territories. Our mission is to connect the world through the most innovative, convenient, reliable and secure payments network, enabling individuals, businesses and economies to thrive. We believe that economies that include everyone everywhere, uplift everyone everywhere and see access as foundational to the future of money movement. Learn more at Visa.com.

Moniepoint

Ben Rothschild

moniepoint@thoburns.com

+44 (0) 7564 584 439

Visa

Lesego Charlie

lcharlie@visa.com

Source: Moniepoint Inc.

FAQ

What is the monthly transaction volume for Moniepoint after Visa's (V) investment?

Moniepoint processes over 1 billion transactions monthly, with total payments volume exceeding $22 billion.

What is Moniepoint's revenue growth rate since partnering with Visa (V)?

Moniepoint has experienced revenue growth of over 150% CAGR in recent years.

How many businesses does Moniepoint serve following Visa's (V) investment?

Moniepoint serves 10 million businesses and individuals, powering most of Nigeria's Point of Sale (POS) transactions.

What services does Moniepoint offer after the Visa (V) strategic investment?

Moniepoint offers an integrated suite of services including digital payments, bank accounts, credit, and management tools for SMEs.

What percentage of African employment will Visa (V) and Moniepoint's partnership target?

The partnership targets the informal economy, which represents 83% of employment across Africa.

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