Nexora Capital Business Plan › Section 19 › Human Capital Plan

Headcount scales from 85 FTE in FY2027 to 820 by FY2031, with the mix
deliberately weighted toward engineering and data science early (48% of
Year-1 headcount) and rebalancing toward customer operations as the base
grows. Employment-equity and B-BBEE objectives are embedded in hiring
plans, material both for SA licensing posture and for DFI investor
mandates. An ESOP of 10% is reserved at close, vesting over four years,
to compete for scarce fintech engineering talent against global remote
employers.

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.