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Moniepoint Secures $110 Million Funding Round Led by Google, Becomes Nigeria’s Latest Unicorn

by THEFUTURE.TEAM

November 5, 2024

Moniepoint, a Nigerian fintech company, has announced a successful $110 million funding round to scale its digital payment and banking services across Africa. Among the investors in this round are notable new supporters like Google’s Africa Investment Fund, as well as existing investors Development Partners International and Lightrock, a private equity firm. This investment reportedly places Moniepoint’s valuation above the $1 billion mark, officially granting it “unicorn” status, a prestigious milestone in the tech sector.

Founded in 2015, Moniepoint initially focused on building payment infrastructure for banks and financial institutions. However, it has since expanded its offerings to include personal banking services, which it introduced last year. Today, the company processes over 800 million transactions each month, with a transaction value exceeding $17 billion.

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The latest funding will enable Moniepoint to further its footprint across Africa, where digital banking and payment services remain essential for economic growth and financial inclusion. With plans to develop a comprehensive platform for businesses, Moniepoint aims to offer solutions spanning digital payments, banking, foreign exchange, credit, and business management tools.

Nigeria, Africa’s largest fintech market with over 200 million people, represents a promising landscape for financial innovation. By expanding its services, Moniepoint hopes to bridge the gap for millions who still lack access to traditional banking, positioning itself as a major player in Africa’s digital finance ecosystem.

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Cyprus Economy Outperforms EU Benchmarks With 4.5% Quarterly Growth

by THEFUTURE.TEAM

February 16, 2026

The Cypriot economy recorded an impressive 4.5% year-on-year growth in the fourth quarter of 2025, according to preliminary estimates from the Statistical Service. This performance represents a notable acceleration, with a seasonally adjusted quarterly increase of 1.4% compared to the previous period.

Quarterly Performance Surpasses Expectations

Based on Eurostat data, Cyprus has significantly outpaced its European counterparts. While the Eurozone achieved an average growth rate of 1.3% and the European Union registered 1.5%, Cyprus clearly outperformed both. Such robust quarterly performance underlines the nation’s strategic economic positioning amid global market uncertainties.

Full-Year Projections And Fiscal Discipline

For the entire year 2025, growth is forecasted at 3.75%, exceeding earlier predictions from the Ministry of Finance and several domestic and international agencies, which had estimated an increase between 2.9% and 3.5%. This optimistic projection is supported by a low inflation environment and conditions of near-full employment.

Sustainable Growth Amid Global Uncertainty

Despite increased international volatility, Cyprus continues to demonstrate a resilient economic dynamic. Experts assert that a commitment to prudent and disciplined fiscal policies will bolster the nation’s ability to maintain medium-term growth rates above 3%. This strategic approach offers a strong competitive edge, much like other success stories in high-growth markets where sound economic management has proven vital.