Page 171 - UUBO PE Summit 2020 - Materials

Private Market in Nigeria

Capital raised by FinTechs in Nigeria 2019 Most attractive private financing option 2019 Reasons Companies find private markets
attractive

• No regulatory burden
Interswitch $200mn Private Equity 55%
• Low volatility levels in private market
Venture Capital 47%
Opay $160mn
Private Wealth 34% • Low cost of being private
Aggregated… $50mn
Crowdfunding 33%
Total: • Higher Private Valuation
Flutterwave 19.2 ~$500mn Direct Placement 29%

• Less Stringent Corporate Governance
Paystack $8mn Sustainable Financing 29%

Palm Pay $0.11mn Crypto-currencie 24% • Private market is more receptive to complex
ownership than public markets
Social Impact bonds 18%
0 100 200 300

04
Source: PwC Survey, 2019
Source: Vanguard News