CUBanking · Share Purchase Agreement · Bahamas / UAE · direct investment · first invested Nov 2024
Capital Union Bank
ActiveInvested$250kat cost · 1 ticket
Current mark$250kworkbook · 8 Sep 2025
MOIC1.00xon paper
Ownership0.2%implied by the workbook mark
Next round—none recorded
IRR0.0%workbook, per ticket dates
Thesis vs. reality · what we underwrote at entry, measured against now
What must be trueEach claim is what the company said would be true, checked against the filed accounts and later updates. A claim with no second source stays on watch.
No entry thesis on fileNo Incubayt investment memo for Capital Union Bank is in the data room, so there is nothing to measure against. Not recorded
Latest founder update
No founder update for Capital Union Bank is in the data room.
Watch & flags
What to keep an eye on
NoteCapital Union Bank: SPA corrected from 750,000 to 75,000 shares
Our position
PositionIncubayt's tickets and marks come from the IRR workbook; the legal entity from the company's cap table or registers.
InstrumentsShare Purchase Agreement $250k (Nov 2024)
Company valuation$150.00mm · workbook
BoardNot recorded
Legal entityNot recorded