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Nigeria-Based, Chinese-Backed Mobile Money Platform OPay Raises $400 Million From Softbank-Led Round

by Eric Olander

The Nigeria-based, Chinese-owned mobile payment platform OPay closed its latest funding round with $400 million of new investment in a deal that values the company at an impressive $2 billion.

This latest fundraising round marks was led by Japanese global venture capital heavyweight Softbank, already an investor in OPay. It marks the first time that Softbank’s massive $40 billion Vision Fund 2 is placing a bet on an African company.

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