African fintech Moniepoint has received a strategic investment from Visa, aimed at enhancing financial inclusion and supporting SMEs across Africa. The fintech, which recently raised over $110 million, has now surpassed $120 million in its Series C funding. Moniepoint processes over 1 billion transactions monthly, with a total payment volume of $22 billion. The partnership will focus on launching contactless payment solutions, responding to Nigeria's push for cashless transactions. Visa aims to increase its presence in Nigeria’s SME market, leveraging Moniepoint's infrastructure for growth.