Oui Capital Returned Its First $4 Million Fund With Moniepoint’s Unicorn Exit

Techcrunch reported that Oui Capital had returned its $4 million debut fund after the sale of some shares in Moniepoint. Last year, the Nigeria-based fintech company successfully raised $110 million in a Series C funding round. That raise gave the company a valuation of at least $1 billion for the first time, according to the Financial Times.

When Moniepoint first launched its fund, Oui Capital invested $150,000 in the company, but it has now accumulated an $8 million return, which is enough to pay back the fund. After it secured $110 million, Oui Capital sold some of its shares into the deal; now that the fund has been repaid, any subsequent returns will be 100% profit for its investors.

Funding to Fuel Regional Growth and Financial Inclusion Efforts

Moniepoint’s latest funding round is expected to support its expansion across more African countries. 

The company noted that proceeds would go toward building additional digital financial services, including FX and credit options, to offer comprehensive financial tools tailored to Africa’s diverse markets. 

The company’s approach aligns with broader financial inclusion efforts, as many African countries seek to integrate more businesses and individuals into formal financial systems.

“Our mission is to help our customers solve their challenges by making our platform more innovative, transparent, and secure,” Eniolorunda mentioned in the news release shared with AfroTech.

“The proceeds from this raise will speed up our efforts to drive financial inclusion and support Africa’s entrepreneurial potential. I want to sincerely thank the entire Moniepoint team for making this achievement possible.”