Three years prior to Oui Capital investing $150,000 for a 1.2% stake in Moniepoint, the managing partner Olu Oyinsan was impressed by the CEO, Tosin Eniolorunda’s understanding of banking technology and payment infrastructure. Recognizing Moniepoint’s potential, Oui Capital, along with other investors, participated in Moniepoint’s 2021 seed round.
The decision to invest early was influenced by Moniepoint’s strong engineering team, which was believed to address high transaction failure rates. Eventually, Moniepoint achieved unicorn status, and Oui Capital partially exited its investment, returning $8 million.
Oyinsan highlighted the importance of good portfolio construction, genuine support for founders, and having a hungry and ambitious team as core investment principles. The success with Moniepoint demonstrated the effectiveness of these principles.
The decision to sell some shares during the Series C round was aimed at realizing gains while retaining ownership for future growth. Oui Capital navigated pressures from investors, particularly those unfamiliar with VC investments, to balance interests effectively.
Returning the first fund was a rare achievement, signaling success for Oui Capital. The focus now shifts to potential high-return startups in the portfolio and considering future funds. The impact of Oui Capital’s hands-on approach was measured by tangible results and founder testimonials.
Looking ahead, Oui Capital plans to continue investing in fintech while remaining open to other sectors with promising potential. As they contemplate a third fund, they prioritize supporting current investments. Oyinsan emphasized that success in venture capital does not solely rely on achieving unicorn status.
Reflecting on Oui Capital’s journey, Oyinsan expressed contentment with the outcomes, hinting at potential changes if starting anew. The narrative showcases Oui Capital’s strategic approach, hands-on involvement, and successful investment decisions leading to fund returns.