Fintech Startup Opay Raises USD 400 Mn Funding Round

Africa-focused fintech company OPay raised USD 400 Mn in new financing led by SoftBank Vision Fund 2. The round also included Sequoia Capital China, Redpoint China, Source Code Capital, Softbank Ventures Asia, DragonBall Capital, and 3W Capital.

OPay is an ePayment wallet that allows users to pay for goods and services electronically using a mobile phone via the OPay App. The company’s mobile-based platform incorporates important daily functions such as payments, transport, banking, savings, and food delivery. The fintech also has operations in Egypt.