{
  "id": 1488299,
  "title": "Oui Capital’s Olu Oyinsan on why African VC remains in an existential crisis",
  "url": "https://urgent.news/2026/08/17/oui-capitals-olu-oyinsan-on-why-african-vc-remains-in-an-existential",
  "topic": "business",
  "section": "Business",
  "published": "2026-08-17T13:02:38.000Z",
  "source": {
    "name": "TechCabal",
    "slug": "techcabal",
    "url": "https://techcabal.com/2026/08/17/oui-capital-fund-ii/"
  },
  "original_language": "en",
  "account": "In January 2025, Africa-focused venture capital firm Oui Capital returned its $4 million debut fund in full, placing it among the few fund managers to have returned capital to investors during the current cycle. The firm achieved this success largely through a $150,000 investment in Nigerian fintech Moniepoint in 2019, which generated a 53x return on its stake as Moniepoint's valuation rose to $1 billion five years later. However, Oli Oyinsan, Oui Capital's general partner, attributes the fund's success not to Moniepoint alone but to their unique approach to venture capital. Oyinsan and co-founder Francesco Andreoli studied the market before developing the firm's investment thesis and looking for companies that fit it. Their strategy involved being entrepreneurs themselves, rather than approaching fund management as a financial institution. They identified potential successful businesses by understanding the market and then finding entrepreneurs who could solve those problems. This strategy allowed Oui Capital to identify Moniepoint before most of the market and apply their approach across various industries and sectors. Fund II, launched in 2022, expands on these learnings by increasing cheque sizes and ownership targets, aiming to shrink the portfolio size and set the terms of rounds. The firm believes that African venture capital is facing an existential crisis and must address this issue to maintain investor interest.",
  "summary": "Oui Capital would have returned twice the size of its first fund even without Moniepoint, but its general partner still thinks African VC needs a fix.",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}