Fintech startup OPay secures US$400m funding round led by SoftBank Vision Fund 2

NIGERIA – OPay, an Africa-focused digital payment startup, has announced in a statement that it has secured US$400 million in its latest funding round led by SoftBank Vision Fund 2, valuing it at US$2 billion. Other investors in the funding round include Sequoia Capital China, Source Code Capital, Meituan-backed fund Long-Z, Redpoint China and 3W Capital. OPay, which has notched up 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…

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