Visa invests in Moniepoint Archives | Tech | Business | Economy https://techeconomy.ng/tag/visa-invests-in-moniepoint/ Tech | Business | Economy Tue, 28 Jan 2025 11:11:42 +0000 en-GB hourly 1 https://wordpress.org/?v=7.0 https://techeconomy.ng/wp-content/uploads/2025/06/cropped-256Px-32x32.png Visa invests in Moniepoint Archives | Tech | Business | Economy https://techeconomy.ng/tag/visa-invests-in-moniepoint/ 32 32 APPLY: Moniepoint Opens Entries to DreamDevs Initiative https://techeconomy.ng/apply-moniepoint-opens-entries-to-dreamdevs-initiative/ https://techeconomy.ng/apply-moniepoint-opens-entries-to-dreamdevs-initiative/#respond Tue, 28 Jan 2025 11:11:42 +0000 https://techeconomy.ng/?p=152037 In a bid to unleash Africa’s tech potential and foster a thriving tech ecosystem that drives innovation and sustainable growth, Moniepoint Inc, Africa’s leading digital financial services provider, has rolled out a transformative initiative, DreamDevs with its call for entries. This ambitious program seeks to nurture the continent’s brightest minds, equipping them with practical tech […]

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In a bid to unleash Africa’s tech potential and foster a thriving tech ecosystem that drives innovation and sustainable growth, Moniepoint Inc, Africa’s leading digital financial services provider, has rolled out a transformative initiative, DreamDevs with its call for entries.

This ambitious program seeks to nurture the continent’s brightest minds, equipping them with practical tech skills and invaluable real-world experience that will mitigate current challenges around tech talent sourcing in Africa.

DreamDevs by Moniepoint targets very recent graduates with a background in technology, computer science, engineering, or related fields who possess fundamental programming knowledge that include  HTML, CSS and foundational JavaScript.

Over a rigorous nine-week boot camp, these young tech enthusiasts will receive hands-on training and exposure to cutting-edge industry technology.

“We believe in investing in Africa’s future,” says Felix Ike, co-founder/chief technology officer, Moniepoint Inc, “and that starts with empowering young people as we join hands to grow Africa’s best talent through technology. DreamDevs is about more than just training; it’s about creating a pathway for ambitious graduates to become the driving force of technological advancement in Africa.”

He continues,

“We have always envisioned a transformative approach to technology, using it to power the dreams of millions and engineering financial happiness across the land. The DreamDevs initiative perfectly aligns with this vision. By providing participants with practical experience, upskilling opportunities, startup incubation, and product development support, DreamDev equips them to become invaluable assets to the tech industry. We are thrilled to be part of an initiative that supports the government’s efforts to build a thriving digital economy for Nigeria.”

At the end of the boot camp, standout participants will earn internship opportunities, providing a gateway to further professional development, and all participants have the potential to secure full-time positions with Moniepoint.

As Africa’s tech revolution continues to transform the continent’s socio-economic landscape from fintech to AI, Moniepoint has consistently demonstrated its fidelity to improving the tech talent pipeline with initiatives like Moniepoint HatchDev, which is carried out in collaboration with NITHub Unilag, and organized as a nine-month specialized training programme that produces 300 junior software engineers, 100 intelligent systems developers, and 100 IoT/embedded systems engineers annually.

With the call for entry, universities and other collaborating partners are primed to play a pivotal role in nurturing the next wave of tech dreamers and innovators.

How to apply

To apply or learn more about the DreamDevs programme, visit the link HERE.

Moniepoint DreamDevs
Moniepoint DreamDevs

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Visa Invests in Moniepoint to Bolster SME Growth Across Africa https://techeconomy.ng/visa-invests-in-moniepoint-to-bolster-sme-growth-across-africa/ https://techeconomy.ng/visa-invests-in-moniepoint-to-bolster-sme-growth-across-africa/#respond Thu, 23 Jan 2025 15:30:47 +0000 https://techeconomy.ng/?p=151767 The partnership will leverage Moniepoint’s local expertise and Visa’s global resources to enhance digital payment infrastructure, expand access to financial services, and promote innovation for SMEs across Africa

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Digital payments giant, Visa, has invested in Moniepoint Inc., one of Nigeria’s leading fintech platforms serving small and medium-sized enterprises (SMEs). 

Driving financial inclusion and economic growth across Africa, Moniepoint was founded in 2015 by Tosin Eniolorunda and Felix Ike. The fintech, formerly known as TeamApt Inc., offers SMEs an integrated suite of services, including digital payments, bank accounts, credit facilities, and business management tools. 

Moniepoint processes over 1 billion transactions monthly, with a total payment volume of over $22 billion.

With this new investment, Visa aims to strengthen Moniepoint’s vision to digitise business operations and drive SME growth in Africa. Speaking on the partnership, Andrew Torre, regional president for Central and Eastern Europe, the Middle East, and Africa at Visa, said:

“Moniepoint has built an impressive platform that directly addresses the needs of Africa’s SMEs, a critical segment in enabling economic development. By making financial services and digital payments more accessible and efficient, Moniepoint is helping transform how businesses operate in Nigeria and beyond. We are excited to support their next phase of growth and innovation.”

Moniepoint’s Group CEO, Tosin Eniolorunda, stated:

“We are thrilled to announce Visa’s investment in Moniepoint. Visa’s backing is a strong endorsement of our vision to digitise and support African businesses at scale. Together, we aim to deepen financial inclusion, enabling SMEs to access the tools and resources they need to thrive in an increasingly digital economy.”

Moniepoint has grown commendably, with revenues increasing by over 150% annually in recent years. Its initiative to bridge the financial inclusion gap aligns with Visa’s mission of enabling businesses to thrive in a digital economy. 

The partnership will leverage Moniepoint’s local expertise and Visa’s global resources to enhance digital payment infrastructure, expand access to financial services, and promote innovation for SMEs across Africa.

Visa joins a group of investors, including Google’s Africa Investment Fund, Development Partners International, and British International Investment, all supporting Moniepoint’s mission of creating a financially inclusive society.

The combination of their strengths will enable Moniepoint and Visa to boost African fintech, ensuring SMEs across the continent can scale without limitations and contribute to long-term economic prosperity.

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