The VC backed a number of startups that have become prominent players, including Zeepay, a cross-border payments company; BezoMoney, a digital bank targeting the unbanked, among others.
WeThinkCode, founded in Johannesburg in 2015, runs tuition-free, aptitude-based coding programmes designed to make digital careers accessible to underrepresented communities.
On June 10, 2025, the Bank of Ghana (BoG) issued a stern notice: “Caution on Unlicensed Digital Platforms.” It called out YellowPay — a stablecoin-powered payment offering promoted by Yellow Card Financial Inc.
The acquisition reflects a broader trend in Africa’s distributed energy sector, where early movers are now becoming targets for consolidation as newer entrants seek to de-risk market entry and achieve scale.
These consistent, strong exits with attractive IRRs demonstrate that investing in Africa is not only viable but also a smart move for generating superior returns.
