Moniepoint Inc

Moniepoint Inc, (formerly TeamApt Inc)[1][2] is a fintech company founded by Tosin Eniolorunda in 2015 which is focused on providing financial solutions for businesses.

Moniepoint Inc.
Native name
Moniepoint
Industry
  • Business Banking
  • Financial Technology
FoundedJune 2015 (2015-06) in Lagos, Nigeria
FounderTosin Eniolorunda
Key people
Products
Websitehttps://moniepoint.com/

Awards

Moniepoint has been named one of the most promising fintech startups of 2022 by CB Insights.[3][4] Moniepoint also won the Financial Inclusion Award[5] from the Central Bank Of Nigeria at the International Financial Inclusion Conference 2022 edition.

Fundraising

In February 2019, Moniepoint announced funding of $5.5 million[6] in a Series A fundraising from Quantum Capital Partners.

In July 2021, Moniepoint announced it raised an undisclosed capital in a Series B Funding round led by Novastar Ventures. The latest funding was $50 million in pre-series C[7] funding led by QED investors,[8] a US-based venture capital firm.

Subsidiaries
  • Moniepoint Microfinance Bank, Nigeria
  • Monnify
  • AptPay

References
  1. Muktar, Oladunmade (13 January 2023). "TeamApt sheds its name, rebrands as Moniepoint". TechCabal. TechCabal. Retrieved 13 January 2023.
  2. Oladunmade, Muktar (2023-01-21). "Moniepoint: Rebranding a Fintech Giant". TechCabal. Retrieved 2023-03-17.
  3. Investors, King (5 October 2022). "FINTECHOPay, Paga, Others Makes CB Insights List of Promising Fintech Startups 2022". Investors King. Investors King. Retrieved 5 October 2022.
  4. Oluwole, Victor (2022-10-05). "6 most promising African fintech startups as per CB Insights 2022 list". Business Insider Africa. Retrieved 2023-02-09.
  5. Olayinka, Ajayi. "CBN award institutions, individuals advancing financial inclusion in Nigeria". Retrieved 25 November 2022.
  6. Kene, Okafor (12 January 2021). "Why Nigerian fintech startup, TeamApt is changing business model and expanding across West and North Africa". Techpoint. Retrieved 12 January 2021.
  7. Samson, Akintaro. "DEAL: Nigerian fintech startup, TeamApt raises over $50 million to expand into new markets". Nairametrics. Retrieved 1 August 2021.
  8. Kene-Okafor, Tage (2022-08-10). "QED makes its first African investment, backs Nigeria's TeamApt". TechCrunch. Retrieved 2023-03-17.
This article is issued from Wikipedia. The text is licensed under Creative Commons - Attribution - Sharealike. Additional terms may apply for the media files.