At a recent investor meeting, early-stage African investor Oui Capital informed limited partners that it had returned its $4 million debut fund following the sale of some shares in the business banking platform Moniepoint. The African fintech unicorn has so far proven to be a standout investment for five-year-old Oui Capital. When it launched its […] © 2024 TechCrunch. All rights reserved. For personal use only.
Oui Capital, an early-stage African investment firm, has successfully returned its first fund of $4 million by selling shares in Moniepoint, a Nigerian fintech unicorn.
The main conceptual idea is the rarity of early-stage VC funds returning their capital in Africa's still-developing tech landscape.
This achievement highlights Oui Capital's early and successful investment in Moniepoint, which generated an $8 million return, enough to fully repay the fund. It underscores the growing potential of African tech unicorns as a profitable exit strategy for early-stage VC firms, compared to the more established markets with stronger M&A and IPO options.
Oui Capital, an early-stage African investment firm, has successfully returned its first fund of $4 million by selling shares in Moniepoint, a Nigerian fintech unicorn. The main conceptual idea is the rarity of early-stage VC funds returning their capital in Africa's still-developing tech landscape. This achievement highlights Oui Capital's early and successful investment in Moniepoint, which generated an $8 million return, enough to fully repay the fund. It underscores the growing potential of African tech unicorns as a profitable exit strategy for early-stage VC firms, compared to the more established markets with stronger M&A and IPO options.
