Moniepoint features unicorn standing after elevating $110m from Google, DPI

Nigerian fintech, Moniepoint has achieved “unicorn” standing after securing $110m in funding from traders, together with Google and London-based personal fairness agency Growth Companions Worldwide.

The nine-year-old startup made this disclosure in an announcement to The PidomNigeria on Tuesday.

The funding has boosted Moniepoint’s valuation to over $1bn for the primary time.

Within the startup ecosystem, a unicorn is a privately held firm valued at greater than $1bn and never publicly traded.

“The capital raised will likely be used to speed up Moniepoint’s progress throughout Africa, constructing an all-in-one, seamlessly built-in platform for African companies of all sizes.

“This platform will embody companies resembling digital funds, banking, overseas trade, credit score, and enterprise administration instruments, making it a one-stop store for enterprise options,” the startup mentioned.

Particulars later …