Nexora Capital — Regional Expansion Strategy

The regional expansion strategy across additional African markets underpinning Nexora.

Nexora Capital Business PlanSection 30 › Regional Expansion Strategy

Section 30 · Business Plan

Regional Expansion Strategy

The regional expansion strategy across additional African markets underpinning Nexora.

Phase Markets Timing Entry model Gate
1 South Africa M12–M36 Direct; own licences Financial close
2 Botswana, Namibia, Zambia M36–M48 Partnership-led; local sponsor banks; SA platform tenancy Series B; Phase-1 economics
3 Kenya, Tanzania, Mozambique M48–M60 Partnership or acquisition; local first-loss partners Phase-2 unit economics

The regional thesis is infrastructure amortisation: the platform,
credit engine and compliance tooling are built once and deployed per
market at a fraction of greenfield cost, while local partnerships carry
licensing, deposit rails and first-loss capital. Common Monetary Area
membership makes Namibia (and Botswana’s stable pula regime) low-FX-risk
first steps. Kenya offers the deepest East African SME fintech market
but the most intense competition; entry is deliberately last and gated.
Regional revenue is held to under 12% of FY2031 totals in the base case,
so the SA plan stands alone even if expansion slips entirely.

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.