Nigeria-based fintech Moniepoint has raised $110 million in funding from investors, including Google, to expand digital payments and banking solutions across Africa. The investment, announced Tuesday, October 29, supports Moniepoint's goal to become a key player in Africa's financial ecosystem.

Existing investors Development Partners International and Lightrock led the round, with Google’s Africa Investment Fund and Verod Capital joining as new backers.

Moniepoint will use the capital to grow its business across Africa and build a unified platform for digital payments, banking, FX, credit, and business tools.