Google-Backed Moniepoint Raises $110 Million for Expansion

(Bloomberg) — Moniepoint, a Nigerian cash-transfer startup, raised $110 million in an equity sale to expand in home market and across Africa, the chief executive said.

The Series C funding round, backed by an Africa investment fund owned by Google and Development Partners International LLP, will enable the firm start cross-border remittances and extend banking services into francophone African countries, Tosin Eniolorunda, founder and chief executive said.