Few investments yield life-changing returns, but Oui Capital’s early-stage bet on Moniepoint did just that. With a $150,000 investment securing a 1.2% stake in the then-nascent fintech startup, Oui Capital made one of Africa’s most successful venture capital moves. Fast forward three years, and their partial exit netted a staggering $8 million—twice the size of their first fund.
Recognizing Potential Early On
Oui Capital’s investment in Moniepoint came at a time when the startup had a modest $12 million valuation. The firm saw beyond the numbers, identifying Moniepoint’s strong engineering team and solid business model as key indicators of long-term success.
As digital payments surged during the COVID-19 era and Nigeria’s cashless policies took effect, Moniepoint’s rapid growth validated Oui Capital’s early conviction.
A Strategic Exit and Record Returns
By 2023, Moniepoint had reached unicorn status, marking a major milestone for the African fintech industry. Recognizing the right moment to balance liquidity and long-term gains, Oui Capital strategically sold part of its stake, generating an $8 million return for its investors.
While some limited partners (LPs) pushed for an earlier exit, Oui Capital remained steadfast, ensuring maximum value extraction from their investment. This disciplined approach paid off handsomely.
The Secret to Oui Capital’s Success
Oui Capital attributes its remarkable investment success to three key factors:
Strong Portfolio Construction – Selecting and investing in high-growth startups with clear market potential.
Deep Founder Relationships – Partnering closely with founders to navigate challenges and scale efficiently.
Hands-On Investment Approach – Providing more than just capital, including strategic guidance and operational support.
What’s Next for Oui Capital?
With this massive success under its belt, Oui Capital is now preparing for its third fund. Staying true to its early-stage investment philosophy, the firm continues to back high-potential African startups, seeking the next Moniepoint.
For investors and entrepreneurs alike, Oui Capital’s journey serves as a testament to the power of strategic early-stage investing. The African startup ecosystem is booming, and with the right approach, the next big unicorn could be just around the corner.
Insightful..