Blue Earth Capital has made a significant private equity secondary investment in Moniepoint Inc., aiming to enhance financial inclusion for underserved consumers and MSMEs across Africa.

Information on the Target

Moniepoint Inc. is a leading fintech company based in Nigeria that specializes in providing digital financial services to Micro, Small, and Medium Enterprises (MSMEs) along with underserved consumers throughout Africa. The company designs and implements innovative digital banking and payment solutions that include accessible and affordable loans tailored to the needs of its clients. Moniepoint has successfully established an extensive offline sales network across all 36 states in Nigeria, facilitating customer onboarding and ongoing support.

With a mission to enhance financial inclusion, Moniepoint serves approximately 4 million active businesses every month, the majority of which are MSMEs. The company addresses the significant gap in financial access, as nearly half of Nigeria’s adult population faces limited options in obtaining financial services. Currently, only around 12% of Nigerian SMEs can utilize traditional financial institutions, often relying instead on informal support from family and friends to finance their businesses.

Industry Overview in Nigeria

Nigeria's financial services sector has seen substantial growth in recent years, yet it still faces significant challenges related to accessibility and inclusivity. The average concentration of bank branches in