Fast growth, big capital, and how Moniepoint is building a fintech unicorn in Africa | E2036
This Week in Startups
Intro
This chapter explores the evolution of a fintech startup from its early days as TeamAct to its current status as MoneyPoint, emphasizing its recent funding success and growth in the African market. The narrative also includes sponsorship promotions that support the podcast's efforts.
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Todays show:
Moniepoint made waves this week by raising a massive $110 million Series C. For a startup in a category (fintech) that has seen its venture fortunes falter and a company building for the African market (which has seen its venture inflows slow), Moniepoint is an outlier – twice. Three times if you consider how quickly the company has grown in recent years. How did its round come together? How was it priced? And why aren’t more investors putting capital to work in Africa? Tune in, we have answers.
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Timestamps: (0:00) Alex Wilhelm kicks off the show
(1:21) Moniepoint's origin story and pivot to the current model
(10:30) OpenPhone - Get 20% off your first six months at https://www.openphone.com/twist
(10:13) Balancing profitability and venture capital
(16:48) Digitalization's impact on Moniepoint's growth
(25:11) Lemon.io - Get 15% off your first 4 weeks of developer time at https://Lemon.io/twist
(26:43) Moniepoint's office and IPO strategies
(28:18) Launch of consumer banking services
(31:07) Linear - Streamline issues, projects, and product roadmaps in a tool your team will actually enjoy using. Get 25% off at https://www.linear.app/twist
(32:07) The recent fundraising round and valuation insights
(38:32) Moniepoint's expansion plans in Africa
(42:17) Fostering the early-stage startup ecosystem
(44:18) Tosin's journey in angel investing
(46:38) Spotlight on African startups in the global market
(49:37) Angel University - Apply now at https://www.angel.univeristy
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Check out Moniepoint: https://moniepoint.com
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LinkedIn: https://www.linkedin.com/in/alexwilhelm
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Thank you to our partners:
(10:30) OpenPhone - Get 20% off your first six months at https://www.openphone.com/twist
(25:11) Lemon.io - Get 15% off your first 4 weeks of developer time at https://Lemon.io/twist
(31:07) Linear - Streamline issues, projects, and product roadmaps in a tool your team will actually enjoy using. Get 25% off at https://www.linear.app/twist
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