African FinTech OPay has been valued at $2bn following a $400mn funding round.
In Brief:
The new funding round was led by SoftBank Vision Fund 2.
This is the fund’s first investment in an African startup.
It was joined by Sequoia Capital China, Redpoint China and more.
What does this mean?
OPay has gone from providing customers digital services including ecommerce and FinTech, but now the company’s mobile money and payment arm in the main part of its business – now, it hopes to expand its offering to adjacent markets.
