{"id":657,"date":"2025-05-02T23:26:31","date_gmt":"2025-05-02T22:26:31","guid":{"rendered":"https:\/\/techstream.africa\/?p=657"},"modified":"2025-05-02T23:26:31","modified_gmt":"2025-05-02T22:26:31","slug":"silverbacks-holdings-scores-29x-return-with-exit-from-lemfi-investment","status":"publish","type":"post","link":"https:\/\/techstream.africa\/?p=657","title":{"rendered":"Silverbacks Holdings Scores 29x Return with Exit from LemFi Investment"},"content":{"rendered":"\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"300\" height=\"300\" src=\"https:\/\/techstream.africa\/wp-content\/uploads\/2025\/05\/img_8003-1-300x300.png\" class=\"wp-image-656\" srcset=\"https:\/\/techstream.africa\/wp-content\/uploads\/2025\/05\/img_8003-1-300x300.png 300w, https:\/\/techstream.africa\/wp-content\/uploads\/2025\/05\/img_8003-1-150x150.png 150w, https:\/\/techstream.africa\/wp-content\/uploads\/2025\/05\/img_8003-1-768x768.png 768w, https:\/\/techstream.africa\/wp-content\/uploads\/2025\/05\/img_8003-1.png 800w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\" \/><\/figure>\n\n\n\n<p class=\"p1\">Africa-focused private equity firm Silverbacks Holdings has exited its stake in Nigerian remittance startup LemFi, earning a remarkable 29x return during LemFi\u2019s $53M Series B round. This marks Silverbacks\u2019 eighth profitable exit\u2014its sixth from a Nigerian tech company and fourth from fintech\u2014highlighting the firm\u2019s strategic approach to partially exiting high-growth investments. The move reinforces Nigeria\u2019s fintech sector as a top performer in Africa\u2019s investment landscape, even as private capital exits decline continent-wide. Silverbacks continues to back ventures across tech, sports, and culture, with recent moves into entertainment and traditional African sports like Dambe.<\/p>\n\n\n\n<p class=\"p1\">Full story on TechCabal: <a href=\"https:\/\/techcabal.com\/2025\/05\/02\/silverbacks-holdings\/\">Silverbacks Holdings cashes out of LemFi with 29x return<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Africa-focused private equity firm Silverbacks Holdings has exited its stake in Nigerian remittance startup LemFi, earning a remarkable 29x return during LemFi\u2019s $53M Series B round. This marks Silverbacks\u2019 eighth profitable exit\u2014its sixth from a Nigerian tech company and fourth from fintech\u2014highlighting the firm\u2019s strategic approach to partially exiting high-growth investments. The move reinforces Nigeria\u2019s&#8230;<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-657","post","type-post","status-publish","format-standard","hentry","category-uncategorized"],"_links":{"self":[{"href":"https:\/\/techstream.africa\/index.php?rest_route=\/wp\/v2\/posts\/657","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/techstream.africa\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/techstream.africa\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/techstream.africa\/index.php?rest_route=\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/techstream.africa\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=657"}],"version-history":[{"count":1,"href":"https:\/\/techstream.africa\/index.php?rest_route=\/wp\/v2\/posts\/657\/revisions"}],"predecessor-version":[{"id":658,"href":"https:\/\/techstream.africa\/index.php?rest_route=\/wp\/v2\/posts\/657\/revisions\/658"}],"wp:attachment":[{"href":"https:\/\/techstream.africa\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=657"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/techstream.africa\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=657"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/techstream.africa\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=657"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}