Every public signal F4 has attached to this firm, with sources and cross-entity links.
Essay
Raba publishes Part II of its African Fintech IPOs thesis, arguing that several African fintechs with $300M+ to $1B+ annual revenue are likely to pursue IPOs within 24 months. Highlights Capitec's $33.6B market cap as evidence of deep SA capital markets, and notes Optasia's $345M JSE fintech IPO in November 2025 as a proof point.