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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