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Moniepoint gets $1 billion valuation in new funding round led by DPI

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Moniepoint, a Nigerian fintech startup that processed 5.2 billion transactions in 2023, has raised $110 million in a funding round led by Development Partners International (DPI), according to two people with direct knowledge of the deal.

The new financing round will almost triple the company’s valuation, which was around $400 million in a 2022 funding round in which it raised $50…

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