RenCap strengthens Africa research, fintech teams
Renaissance Capital, an emerging and frontier markets investment bank, announced on Wednesday that it had strengthened its Africa tech/fintech and banks research and venture investing teams.
RenCap said in a statement that Yusuf Ibrahim joined the firm as an analyst on the Africa private markets tech/fintech research and venture investing team.
It said earlier in August, Douye Mac-Yoroki joined as an analyst on the listed frontier/SSA banks and fintech research team.
According to the statement, Mac-Yoroki will assist Oluwatoyosi Oni, frontier/SSA banks and fintech research analyst, on listed banks and fintech research coverage in frontier/SSA markets.
It said the two new analysts would be based in Lagos and would report to the Director, Frontier/SSA Banks & Fintech Equity Research at Renaissance Capital, Adesoji Solanke, who also drives the firm’s Africa tech/fintech research and venture investing efforts.
Solanke said, “We are happy to welcome Douye and Yusuf and add fresh young talent to our team. Fintech is the fastest-growing sector in the Africa tech space today, attracting significant funding and creating tremendous economic value.
“Renaissance Capital already boasts established expertise with a dedicated and award-winning Africa financials/fintech team, covering 20+ listed and pre-IPO companies.”
He said the firm had decided to double down on the Africa tech and fintech space, active in advisory, research and venture investing.
“We will lead with knowledge and transparency to help reduce the friction with sourcing equity or debt capital for tech companies, and drive exits, mergers and acquisitions by connecting entrepreneurs with financiers and strategic investors around the world,” Solanke added.
