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Moniepoint Inc. accelerates growth with US$110M equity raise

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Moniepoint Inc accelerates growth with US110M equity raise

Moniepoint Inc has successfully raised US$110 million in equity financing, to power the dreams of millions of businesses and their customers across Africa and the diaspora.

Moniepoint Inc. raises US$110 million in equity financingSeries C investment led by Development Partners International’s African Development Partners (ADP) III fundNew investors include Google’s Africa Investment Fund and Verod Capital

Founded in 2015 by Tosin Eniolorunda and Felix Ike, Moniepoint (formerly known as TeamApt) which initially focused on providing infrastructure and payment solutions for banks and financial institutions, has grown into Nigeria’s leading business banking provider, trusted by millions of businesses.

The Series C investment was led by Development Partners International’s African Development Partners (ADP) III fund – a premier fund focused on Africa.

Other new investors include Google’s Africa Investment Fund and Verod Capital – a leading African private equity firm. Global impact firm, Lightrock, an existing investor, also participated in the funding round.

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READ ALSO: Women-owned businesses in Nigeria repay loans faster than men, according to new report

The capital raised will be used to accelerate Moniepoint’s growth across Africa, building an all-in-one, seamlessly integrated platform for African businesses of all sizes. This platform will include services such as digital payments, banking, foreign exchange (FX), credit, and business management tools, making it a one-stop shop for business solutions.

Moniepoint’s exceptional contributions to Nigeria’s financial services sector has been widely acknowledged alongside an enviable track record of serving customers across Africa.

Each month, Moniepoint processes over 800 million transactions, with a monthly total value exceeding US$17 billion—all while operating profitably.

Tosin Eniolorunda, Founder and Group CEO of Moniepoint Inc., said: “Our mission is to help our customers solve their challenges by making our platform more innovative, transparent, and secure. The proceeds from this raise will speed up our efforts to drive financial inclusion and support Africa’s entrepreneurial potential. I want to sincerely thank the entire Moniepoint team for making this achievement possible. We’ve been encouraged by the diversity and huge swathe of those who have found value in our platform and the services we provide in helping to create financial happiness. But, we’re just getting started, as it is just day one from here.”

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In this latest capital raise – DPI, Google’s Africa Investment Fund, and Verod join existing blue-chip investors in Moniepoint such as QED Investors, Novastar Ventures, Lightrock, British International Investment, Global Ventures, Endeavour Catalyst, and New Voices Fund.
#Moniepoint #accelerates #growth #US110M #equity #raise


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NNPC acquires 15% stake in a $7m CNG plant in Delta

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The Nigerian National Petroleum Company (NNPC) Limited through its subsidiary NNPC Gas Marketing Limited (NGML), has acquired a 15 percent

read more NNPC acquires 15% stake in a $7m CNG plant in Delta


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Best Cryptos To Buy Now: Why These Top 5 Coins Could Explode Amidst Meme Coin and Altcoin Super Cycles

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Some market observers anticipate that meme coin and altcoin super cycles could be on the horizon, prompting crypto enthusiasts and buyers to search for the best cryptos to buy now. Among the cryptocurrencies gaining traction ahead of these potential phenomena are Toncoin, Polkadot, MANTRA, B3 (Base), and the new altcoin JetBolt (JBOLT). 

While still in presale, the zero-gas altcoin JetBolt is receiving an overwhelming response from blockchain whales and crypto aficionados. It has sold more than 320 million tokens, a huge feat for this young crypto.

Can JetBolt and the rest of the featured coins sustain their current momentum? Let’s discover why these top 5 coins could explode amidst meme coin and altcoin super cycles. 

The Ultimate List of the Best Cryptos to Buy Now: 

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  1. JetBolt (JBOLT): Young altcoin with zero-gas tech and rapidly expanding presale.

  2. Toncoin (TON): Native token of “The Open Network.”

  3. Polkadot (DOT): Blockchain project that connects blockchains.

  4. MANTRA (OM): DeFi services ecosystem offering RWA tokenization. 

  5. B3 (Base) (B3): A Layer-3 solution on the Base chain. 

Best Cryptos To Buy Now: An Extensive Overview

1) JetBolt (JBOLT)

At its core, JetBolt is a young altcoin offering groundbreaking features. Its zero-gas technology enables crypto users to transact without paying for gas fees. JetBolt also boasts an intuitive crypto-staking platform that allows stakers to earn rewards when they simultaneously stake their tokens and interact with friends. 

Additionally, JetBolt offers an AI-powered crypto insights tool that showcases crypto news and stories arranged according to bearish or bullish market sentiment. 

With the JetBolt presale underway, early buyers can get exclusive perks, such as extra tokens when they purchase Alpha Boxes or JBOLT tokens in batches. JetBolt has already sold over 320 million tokens since its launch.

2) Toncoin (TON)

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Toncoin is the native token of “The Open Network” (TON), a decentralized blockchain platform. It is utilized for transaction fee payments, powers the network’s operations, and serves as a governance token. 

3) Polkadot (DOT)

Polkadot is a blockchain project that connects blockchains, enabling data to be sent seamlessly across various blockchain networks. DOT is the network’s native token, used for staking and governance. 

Chart of Polkadot’s price movement over the past 24 hours shows DOT trading at $5.15 based on CoinMarketCap data

4) MANTRA (OM)

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MANTRA is a decentralized finance (DeFi) services ecosystem built on the Rio Chain. MANTRA offers financial services such as real-world asset (RWA) tokenization that adhere to regulatory compliance. Holders use OM tokens to partake in decision-making processes inside the ecosystem. 

5) B3 (Base) (B3)

B3 is a Layer-3 solution on the Base chain created for seamless blockchain gaming for developers and players. According to Logan Hitchcock’s article on Decrypt, B3 has more than 80 games and has attracted 6 million players since 2024. 

Best Cryptos to Buy Now: Key Takeaways

In this extensive overview, we discovered why Toncoin, Polkadot, JetBolt, MANTRA, and B3 (Base) are seen as strong contenders for the best cryptos to buy now. JetBolt is a captivating altcoin to explore, thanks to its suite of cutting-edge features and its ongoing presale. 

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While each cryptocurrency is innovative in its own way, it’s impossible to predict whether any of these coins could explode in the potential meme coin and altcoin super cycles because of market volatility. 

For more details about JetBolt’s features and ongoing presale, visit the official JetBolt website today.

FAQs: 

What are the top 5 crypto coins?

Here are the top 5 coins that are gaining popularity amidst the potential meme coin and altcoin supercycles: 

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  • Toncoin 

  • Polkadot

  • JetBolt 

  • MANTRA 

  • B3 (Base)

What crypto is best to buy now?

Based on emerging crypto industry trends and other market developments, Toncoin, Polkadot, JetBolt, MANTRA, and B3 (Base) are some of the best cryptos to buy now. Each demonstrates qualities that make them appealing to crypto buyers. 

This written piece does not offer any financial advice. All cryptocurrencies carry significant risks and are subject to the crypto market’s volatility. Thus, due diligence and extensive research are essential before acquiring a crypto asset.

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NNPC dismisses viral claim that its fuel burns faster

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Public dissatisfaction grows over NNPC fuel pricing and transparency concerns — Survey

The Nigerian National Petroleum Company (NNPC) Limited has dismissed allegations circulating in a viral video that its fuel burns faster

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