Overview of Transaction

• On August 10, 2022, Moniepoint (formerly TeamApt) announced a financing round and brought on board one of the world’s largest FinTech specialists, QED Investors, joined by existing backers from Lightrock, BII and Novastar
• Moniepoint operates Nigeria’s largest business payments and banking platform, with more than 400,000 businesses onboarded and processing $100 billion annualized run-rate transaction value
• The Company’s all-in-one business platform, Moniepoint, aims to digitize Africa's economy by providing SMBs with business banking solutions including digital payments acceptance channels, access to insurance, working capital and business expansion loans, and business management tools such as expense management (business payments cards), accounting, book-keeping solutions to manage their operations
• Moniepoint has grown by more than 300% annually since launching a few years ago and has ambitious plans to grow its business in Nigeria and beyond

Significance of Transaction

• The investment will help Moniepoint further grow its customer base and expand its product portfolio in particular with various credit offerings; QED’s global expertise in building in-house credit solutions will boost Moniepoint’s robust credit function
• This transaction represents the first African investment by QED, a top tier FinTech focused investor, and showcases the attractiveness of the African FinTech market and its fundamental growth trends

FT Partners' Role

• FT Partners served as exclusive financial and strategic advisor to Moniepoint on this financing round
• The transaction highlights FT Partners’ track record in the payments space across emerging markets including Africa