Nexora Capital — Exit Strategy
The exit routes - JSE listing, strategic acquisition and secondary - available to equity investors over the investment horizon.
Section 31 · Business Plan
Exit Strategy
The exit routes – JSE listing, strategic acquisition and secondary – available to equity investors over the investment horizon.
- JSE listing: IPO-readiness workstreams complete
by M60; a listed SA fintech lender with 350k customers and rated funding
would be a scarce asset on the exchange. - Strategic acquisition, global fintech:
international processors and platforms (Stripe, Block, Adyen) acquiring
African SME distribution and licensing; precedent exists in
payments. - Banking consolidation: acquisition by a bank or
bank-adjacent group seeking a proven SME digital franchise, Tyme Group’s
acquisition of Retail Capital is the direct precedent. - Private equity buyout: secondary sale to growth
or buyout capital once cash generation is established
(FY2031+).
The credible-acquirer set is broadest if the non-lending revenue mix
delivers, since platform acquirers pay platform multiples, reinforcing
the valuation section’s conclusion that the diversification strategy is
also the exit strategy.
Confidential — this business plan is provided to prospective investors and lenders for evaluation purposes only and may not be reproduced or distributed without the written consent of Nexora Capital (Pty) Ltd.