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Lagos, Nigeria based provider of mobile payment services, which was founded by the Norwegian browser company Opera, raised $50m in funding led by Sequoia China, IDG Capital, and Source Code Capital.
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OPay will use the capital (which wasn’t given a stage designation) primarily to grow its digital finance business in Nigeria—Africa’s most populous nation and largest economy. OPay will also support Opera’s growing commercial network in Nigeria, which includes a motorcycle ride-hail app ORide and OFood delivery service.
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