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How African VC firm Oui Capital returned its first fund with Moniepoint’s unicorn exit
In 2019, African VC firm Oui Capital invested $150,000 in Nigerian fintech Moniepoint, an early bet that has paid back its first fund.
Oui Capital, founded by Olu Oyinsan and Francesco Andreoli, was among its earliest investors and also one of the few to support the outfit’s pivot to Moniepoint, a business banking and payments platform that has since become Nigeria’s largest merchant acquirer. “Olu [managing partner at Oui Capital] has been helpful in advisory; we talk through strategy, governance, and key matters that affect the company. Unlike developed markets with robust M&A and IPO options, Africa’s tech ecosystem is still growing, leaving fewer startups in an exit-ready position.
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