Follow CGSP on Social Media

Listen to the CGSP Podcast

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

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.

  • Get a daily email packed with the latest China-Africa news and analysis.
  • Read exclusive insights on the key trends shaping China-Africa relations.
  • Full access to the News Feed that provides daily updates on Chinese engagement in Africa and throughout the Global South.

China, Africa and the Global South... find out what’s happening.

Subscribe today for unlimited access.

What is The China-Global South Project?

Independent

The China-Global South Project is passionately independent, non-partisan and does not advocate for any country, company or culture.

News

A carefully curated selection of the day’s most important China-Global South stories. Updated 24 hours a day by human editors. No bots, no algorithms.

Analysis

Diverse, often unconventional insights from scholars, analysts, journalists and a variety of stakeholders in the China-Global South discourse.

Networking

A unique professional network of China-Africa scholars, analysts, journalists and other practioners from around the world.