TechCabal

TechCabal

2/17/2025, 2:57:50 PM

"The deal was undervalued. This was during the 2019–2020 boom when valuations were high. At the time, $12.5 million was a reasonable valuation given Moniepoint’s traction and growth rate." "The company was already doing between $700k and $1 million in revenue. The two things that worked in our favour were that the company was relatively new to VC funding and we would have been able to set it on the path to multiple funding rounds. Also, the founders were very pragmatic and valued getting quality investors over valuation numbers." In a recent interview with TechCabal, Olu Oyinsan, managing partner at venture capital firm, Oui Capital, recalls how a $150,000 investment in Moniepoint in 2021—now a unicorn—returned $8 million for the VC. Read the full story here 👉 https://techcabal.com/2025/02/17/oui-capital-moniepoint/

TechCabal

2/17/2025, 12:27:36 PM

Nigerian banking stocks have surged by 12.24% since January 7 after several major lenders secured over $662 million from the stock market to meet new capital requirements. The rally in banking stocks comes amid a broader wave of renewed investor confidence in Nigeria’s economy. Read more 👉 https://techcabal.com/2025/02/17/nigerian-banking-stocks-surge/

TechCabal

2/18/2025, 7:43:04 AM

This early-stage African VC made a modest $150,000 bet on Moniepoint (initially called TeamApt)—a fintech startup that, at the time, was just another hopeful in a crowded market. Fast-forward a few years: Moniepoint reaches unicorn status with a valuation north of $1 billion and raises a cool $110 million in its Series C round. Oui Capital sold some shares in a secondary transaction, turning their initial seed into roughly $8 million—a jaw-dropping 53x return that returned their debut fund 2x and left investors blushing. 👨🏿‍🚀In today's headlines: 1️⃣ What kind of exit should make a headline? Oui Capital’s 53x win on Moniepoint 2️⃣ Kenyan banks expect defaults on personal loans in Q1 2025 3️⃣ Investor confidence drives Nigerian banking rally 4️⃣ Airtel Nigeria raises voice and data tariffs by 50% Read TC Daily 👉 https://techcabal.com/2025/02/18/%f0%9f%91%a8%f0%9f%8f%bf%f0%9f%9a%80techcabal-daily-more-monie-more-returns/

TechCabal

2/17/2025, 3:30:06 PM

One week after MTN Nigeria, the largest telecoms operator in the country raised its internet prices by 50%, Airtel Nigeria, the second-largest operator, has also raised its prices. This follows the approval from the Nigerian Communications Commission (NCC) for telecoms to raise their prices by 50%. In addition, Airtel Nigeria implemented a 25 kobo flat rate per second of calls. Read more 👉 https://techcabal.com/2025/02/17/airtel-nigeria-joins-mtn/

TechCabal

2/14/2025, 2:44:42 PM

Buying a used car in Lagos, Nigeria has always been a game of luck—Carbin Africa is changing that. The startup connects car dealers and middlemen in Lagos, making it easier to find and sell used cars. With over 250 dealerships and a growing inventory of vehicles, Carbin Africa wants to increase sales and expand its reach to other used car market spots in Nigeria. Read our feature story 👉 https://techcabal.com/2025/02/14/carbin-africa-takes-on-the-messy-middle-lagos-car-market/

TechCabal

2/17/2025, 5:45:19 PM

NCBA Loop, a Kenyan fintech that popularised neobanking in the country, has shifted its business model towards embedded finance. This evolution aligns with a global shift toward embedded finance, where banking services integrate into everyday commercial activities rather than as separate processes. With the popularity of APIs and improved internet access, CEO Eric Muriuki, believes embedded finance has a chance to truly shine in Kenya's young, but evolving market. We caught up with Muriuki and covered his thoughts on the state of Kenya's fintech in this article 👉 https://techcabal.com/2025/02/17/ncba-loop-bets-on-embedded-finance/

TechCabal

2/18/2025, 1:02:14 PM

Decades ago, satellite dishes and television antennas dotted rooftops across Nigeria. Today, rows of solar panels are becoming the new sight as Nigerians turn to alternative energy solutions as electricity tariffs increase. In addition to the hike in electricity prices, fuel prices also quadrupled, putting further strain on households. With reliable grid electricity costing more than before and prices expected to rise even further as the federal government cuts electricity subsidies, solar is a sustainable alternative. There’s just one problem: the upfront costs. Solar systems can range from ₦400,000 for a basic setup to ₦20 million for a fully off-grid solution. Read the full article 👉 https://techcabal.com/2025/02/18/the-cost-of-going-off-grid/

TechCabal

2/18/2025, 12:59:06 PM

Nigeria’s inflation rate decelerated in January 2025 after the National Bureau of Statistics (NBS) implemented a rebased Consumer Price Index (CPI) that altered the weighting of key components in the inflation basket. Headline inflation eased to 24.48% in January, down from 34.8% in December 2024, reflecting the impact of the NBS’s new methodology, which reduced food’s weight in the inflation calculation from 51.8% to 40.1%. Read more 👉 https://techcabal.com/2025/02/18/nigeria-inflation-slows-in-january-after-cpi-rebasing/

TechCabal

2/17/2025, 12:24:47 PM

On February 14, the Central Bank of Kenya (CBK) gave us a masterclass on power play. After months of resisting the CBK’s four consecutive cuts to the benchmark interest rate, commercial banks are now hastily adjusting their lending rates following the apex bank’s threat of imposing daily fines for non-compliance. 👨🏿‍🚀In today's headlines: 1️⃣ Analysts reluctant to predict January inflation 2️⃣ Kenyan commercial banks to lower lending rate as Central Bank threatens fines 3️⃣ Airtel Money is making a play to win the Kenyan fintech and telecoms market Read TC Daily 👉 https://techcabal.com/2025/02/17/techcabal-daily-race-to-the-bottom/

TechCabal

2/14/2025, 2:34:06 PM

In 2024, female African CEOs raised just $48 million—four times less than the previous year. In contrast, their male counterparts raised $2.2 billion. TechCabal spoke with Norrsken22’s Lexi Novitske and Precious John-Adeyemi about bridging the funding gap. Read more 👉 https://techcabal.com/2025/02/14/norrsken22-female-founders/