Nigerian fintech startup Moniepoint has expanded its digital services and entered the food-service market following a series of major funding rounds [1].

The company's growth signals a broader trend of digital financial infrastructure scaling across Africa to capture untapped commercial sectors. By diversifying beyond basic payments, Moniepoint is positioning itself as a central operating system for small and medium enterprises.

Founded in 2015 [1], Moniepoint has evolved into a unicorn through strategic capital injections and partnerships. The company secured an investment from Visa in 2024 [2] and closed a Series C funding round of $90 million [3]. This round resulted in a valuation of $200 million [3].

Growth continued into the following year. In October 2025, Moniepoint raised an additional $200 million to further expand its digital services [4]. This capital influx has allowed the company to scale its operations from its headquarters in Lagos to other regions across Africa [4].

A key component of this expansion is the acquisition of Orda Africa, a startup specializing in restaurant management [5]. This move allows Moniepoint to penetrate Africa’s food-service market, which is estimated at $50 billion [5].

Despite its success, the company has faced scrutiny regarding its corporate structure. Some reports have questioned whether Moniepoint is a purely Nigerian unicorn or a foreign-owned entity [3]. However, the company continues to be presented as a Nigerian-founded leader in the fintech space [1].

Felix Ike, the co-founder and CTO of Moniepoint, said the company's trajectory and infrastructure goals in a recent interview with Bloomberg Television [1].

“Moniepoint raised an additional $200 million to further expand its digital services.”

Moniepoint's transition from a payment processor to a diversified business services provider reflects a shift in the African fintech landscape. By acquiring Orda Africa, the company is moving toward 'vertical integration,' where it provides both the financial tools and the industry-specific software needed to run a business. This strategy reduces churn and increases the value of the data the company collects, making it more resilient to fluctuations in a single market segment.