22.2K
AF$750K → $40 million in 6 years.
This week, Mono exited to Flutterwave for $30M.
Same investor behind both: Ibrahim Sagna.
He managed a large portfolio at Afreximbank. Left to build Silverbacks Holdings. 10 exits since 2019. Flutterwave at 24x. Lemfi at 29x. Moov at 5.1x.
His take on Africa?
“Africa is not potential. It’s been making money for centuries. That’s why we were colonized — there was value to extract.”
With Moove, he invested $750K when they had 7 cars. Today? 40,000 cars across 5 continents. Deploying Waymo’s driverless fleet in Miami, Phoenix, and London.
But the insight that hit hardest wasn’t about returns.
Ibrahim almost died of COVID in Dubai. One lung at 20%. The other at 60%.
He quoted Buddha: “Every human has only two lives. The second one starts when you realize you only have one.”
His advice? “Stay alive long enough to be lucky.”
Full episode on YouTube. Link in bio.
#AfropolitanPodcast #Silverbacks #Moove #Flutterwave #Mono AfricanStartups
@afropolitanpodcast
