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Moniepoint acquires controlling stake in Kenyan microfinance bank
Ziggy Ojiegbe Nigerian digital payments firm Moniepoint has acquired a 78% stake in Sumac, a Kenyan microfinance bank, as part of its rapid expansion across Africa’s financial services sector. Over the past five years, Moniepoint has evolved from a technology…
Moniepoint raises $90m, targets UK-Nigeria remittance market
Nigerian fintech firm Moniepoint has raised $90 million in new funding as it expands into the UK remittance market, completing a $200 million Series C round that values the company at about $1 billion. The new capital will help the…
