From Fintech Liquidity to Sports Assets: Silverbacks Holdings Bets on Africa’s Sports Economy

Investment and Capital
Written By Business of Sports Africa

Image Courtesy of Silverbacks Holdings & Magazine De La Afrique

Silverbacks Holdings which is led by Ibrahim Sagna philosophy is increasingly taking shape. Following its 10th exit driven by the acquisition of Mono by Flutterwave, the milestone highlights the firm’s ability to generate liquidity in fintech and redeploy capital into sports and entertainment assets across Africa.

Silverbacks’ sports portfolio spans across combat sports, basketball, and sports technology, with assets including:

  • African Warriors Fighting Championship (AWFC)

  • Cape Town Tigers

  • Nergii

    Financially, the firm has delivered:

  • 13.7x overall cash-on-cash returns across fintech investments over five years

  • 29x return on LemFi following a $53m Series B

  • 5x cash-out from OmniRetail Africa

    Silverbacks’ capital rotation from fintech into sports and entertainment reflects a broader thesis that Africa’s next wave of value creation will increasingly sit at the intersection of technology, culture, media, and fandom.

    Silverbacks has secured fresh capital and strategic backing for its sports platforms, led by actor-director Boris Kodjoe and South African producer Pepsi Pokane.

Source: TechCabal

Business of Sports Africa
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