It’s hard for startups in Africa to get early funding, and even harder to see a return. Still, Olu Oyinsan and Francesco Andreoli went ahead and launched Oui Capital. Their VC firm backs African founders from the beginning and stays by their side.
One of their early investments paid off in a big way. Oui Capital invested $150,000 in Moniepoint, a Nigerian fintech startup valued at just $12.5 million at the time. Moniepoint later became a unicorn, worth over $1 billion after raising $110 million in 2024. That small investment grew to about $8 million, enough for Oui Capital to return their entire first $4 million fund.
Founded in 2019, Oui Capital invests in startups across fintech, logistics, mobility, and edtech. They believe support after funding is crucial, so they offer mentorship and guidance to founders.
Today, Oui Capital manages about $20 million invested in 24 companies across nine African countries. Oyinsan says Moniepoint’s success came from believing early and supporting founders before others did, not from luck.
Since there are few exits in Africa, Oui Capital’s story shows that early belief, courage, and patience can turn small investments into big wins for African tech.
