Blue Earth Capital backs Moniepoint in secondary deal
Transaction facilitates exit for early backers and offers employee liquidity.
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Blue Earth Capital, a global impact investor, has completed a private equity secondary investment in Moniepoint, a Nigerian fintech company.
The investment was structured as a single-asset, GP-led secondary transaction in partnership with Lightrock, a global investment platform. Blue Earth acquired a minority stake in Moniepoint from willing sellers, including British International Investment, and participants in Moniepoint’s employee share option plan.
The transaction returned capital to existing African limited partners, while also giving Moniepoint employees access to liquidity.
David Moore, director for private equity partnerships at Blue Earth Capital, said: “We are delighted to partner with Lightrock and invest in Moniepoint through this innovative secondary transaction. Deepening secondary market activity in Africa is a key priority for Blue Earth Capital as we seek to mobilise new investor capital to the continent through enabling access to high-impact, category leading businesses. We are excited to back Moniepoint’s innovative, tech-enabled, democratised business model that drives broad-based, affordable financial services access to MSMEs and consumers in the region.”
Tosin Eniolorunda, CEO of Moniepoint, commented: “This is a significant milestone, providing exit options for some of our early backers and, most importantly, offering life-changing liquidity to our dedicated employees. In BlueEarth, we have gained a partner perfectly aligned with our mission to drive financial happiness, ensuring that we can continue building the financial backbone for Africa’s businesses with a team that directly benefits from our growth.”
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