How African VC firm Oui Capital returned its first fund with Moniepoint’s unicorn exit
- Oui Capital returned its $4 million debut fund after selling shares in Moniepoint.
- Moniepoint raised $110 million in funding at a $1 billion valuation.
- Oui Capital's initial investment in Moniepoint was $150,000.
The success of Oui Capital in returning its debut fund is a significant milestone for the African venture capital landscape, showcasing the potential of fintech investments. This achievement could encourage more investors to explore opportunities in the African market, which has historically been seen as risky due to the rarity of exits. However, the ongoing growth of the tech ecosystem in Africa suggests that the landscape may be evolving, making it an exciting time for venture capital.
