Visa Invests in Moniepoint

This is a Moniepoint news story, published by TechCrunch, that relates primarily to TechCrunch news.

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African fintech Moniepoint

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Africa Investment Fund

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World

African fintech Moniepoint gets Visa backing, plans to work on contactless payments | TechCrunch

Summary

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85% Informative

Moniepoint confirmed to TechCrunch that it received a “strategic investment” from Visa .

The fintech processes over 1 billion transactions monthly , with total payment volumes reaching $22 billion .

Both companies look to drive financial inclusion and support the growth of small and medium-sized enterprises.

Other prominent backers in the fintech include Development Partners International , Google’s Africa Investment Fund , QED Investors , and British International Investment ( BII ), among others. Last week , we also reported that an early backer, Oui Capital , recently returned its first fund after investing in the African unicorn six years ago ..