Founded in 2015, Moniepoint (formerly TeamApt) offers a comprehensive financial platform that spans digital payments, business and personal banking, credit, cross-border payments, and business management software for micro, small, and medium-sized enterprises. Originally focused on building payment infrastructure for traditional banks, the company has broadened its suite to serve both merchants and individual consumers. Moniepoint supports more than 10 million active business and personal banking customers and processes over US$250 billion in annual digital payment transaction value. Recent product launches include MonieWorld, a remittance service for the African diaspora in the UK, and an integrated payment and bookkeeping tool aimed at simplifying MSME operations. The company generates revenue primarily from transaction fees, banking services, and credit products, though exact figures were not disclosed. With fresh capital in hand, Moniepoint plans to accelerate expansion across additional African markets and into select international geographies while continuing to roll out new financial solutions. The firm has already attracted a diverse base of global investors that include leading development finance institutions and fintech-focused VCs.

Total raised

$329M

Funding rounds

5

Latest round

Series C

Latest activity

Oct 2025