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OPay raises $400m in new funding

Nigeria based mobile payments platform raised $400 million in new funding led by SoftBank Vision Fund 2.

OPay’s fundraise is the largest of the lot in terms of size and value, making it the second African fintech unicorn after Flutterwave and the third African unicorn after e-commerce giant Jumia. The three make up the five billion-dollar tech companies on the continent, which includes Interswitch and Fawry.

Tags

nigeria, emerging markets, payments