Visa-backed African unicorn Moniepoint tackles remittances. But is it late to the game?
Visa invested in Nigerian fintech Moniepoint, validating its status as a unicorn and signaling a new direction. Moniepoint launched MonieWorld, targeting the UK-Nigeria corridor for diaspora-focused financial services.
Nigerian Fintech LemFi Leads $289 Million African Startup Funding Wave
African startups secured $289 million in funding in January 2025, a 240% increase from January 2024. January 2025 is the second-strongest opening month for funding since 2019, following January 2022.
African Startup Funding Soars 240% in 2025, Hitting $289M in January
Funding into the African startup ecosystem surged by 240% year-on-year to reach $289 million in January 2025. Equity financing accounted for over 90% of the total funds raised, translating to $262 million.
40 African startups raised $289m in January 2025
40 startups raised $289 million in January 2025, a 240% increase from January 2024. Equity deals made up 90% of the total investment, amounting to $262 million.
African Remittance Startups Surge as Inflows Hit Record $56B in 2024
LemFi secured $53 million in funding and surpassed $1 billion in monthly transactions. Nala expanded operations to the Philippines and Pakistan, securing $40 million in funding.
