OPay raises USD 400 mln in funding round led by SoftBank

Tuesday 24 August 2021 12:48 CET | News

Opay, a Nigeria-based digital payments company, has concluded a USD 400 mln funding round led by UK-based venture capital company SoftBank Vision Fund.

OPay, an Africa-focused digital payment startup founded by a Chinese entrepreneur, reports it has secured USD 400 million in its latest funding round led by SoftBank Vision Fund 2, valuing it at USD 2 billion. 

OPay, which has acquired 160 million active users in Africa since its launch in 2018, said it will use the capital to invest in African markets including Nigeria and Egypt, as well as Middle Eastern markets. 

Other investors in the funding round include Sequoia Capital China, Source Code Capital, Meituan-backed fund Long-Z, Redpoint China and 3W Capital, OPay relates.

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Keywords: online payments, funding, Venture Capital
Categories: Payments & Commerce
Countries: Nigeria
This article is part of category

Payments & Commerce