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Now That Chinese-Owned OPay Has Become Africa’s Third Tech Unicorn, the Magnitude of What Happened Last Week is Starting to Settle In

by Eric Olander

When the Chinese-owned African mobile money app OPay wrapped up a massive $400 million investment round led by Japan’s Softbank and a who’s who of Chinese venture capital firms, the magnitude of what happened hadn’t really registered.

Those investors now value the company at $2 billion, making OPay only the third African unicorn (a company valued at more than $1 billion) along with two other Nigerian fintech companies, Interswitch and Flutterwave. 

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