The Nigeria-based fintech Moniepoint has gained “unicorn” status after raising $110mn from investors including Google, a rare bright spot in an otherwise gloomy funding market for African technology companies.
The funding round for the nine-year-old company, which was led by the London-based private equity firm Development Partners International and supported by Google’s Africa Investment Fund, gave it a valuation of at least $1bn for the first time, according to people familiar with the transaction.
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