
TechCabal
February 18, 2025 at 07:43 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/
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