African FinTech Company Monie Points receive strategic funds from a visa.
As AFROTECH ™ reported earlier, Moniepoint was the fastest growing Fintech Company in 2023 and 2024. Fintech Company, released by Tosineniolorunda (CEO) and Felix IKE (Chief Technical Officer), has a bank app that connects customers to “debt”. “Always functional cards” said in YouTube video.
Moniepoint products are as follows.
Bank Account Loan Expense Card Instant Payout Accounting and Bookkeeping Solutions
Moniepoint's business model is overwhelming. In fact, according to a press release shared with AFROTECH ™, more than 1 billion transactions are processed each month, and the total payment is over $ 22 billion. The company has been strategically investing from a visa to expand that effort.
“I'm excited to be able to publish a visa investment in the monster,” said the Press Release. “VISA's support is the powerful support of digitizing and supporting large -scale African businesses. At the same time, we deepen our financial inclusion, and small and medium -sized companies (small and medium -sized enterprises) are increasingly digital. We aim to be able to access the necessary tools and resources to prosper.
He continued. “Given that about 83 % of the entire employment in Africa is in the unofficial economy, we are very enthusiastic about expanding the official financial system and promoting economic growth throughout Africa. There is a Global Payment of VISA's expertise and the proof of MONIEPOINT, which provides services to African companies. It is an exciting opportunity to form an economic future.
Andrew Tole, the regional president of the visa central and East Europe, Middle East and Africa, commented: VISA investment in the monster point is the latest example of a long -term commitment to move the digital economy in Africa. Small and medium -sized enterprises will enable SMEs to succeed through innovative payments and software solutions to enlarge and open new profits while rationalizing business. “
