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.
Lead the Conversation on China
Subscribe Today to Get Full Access to The China-Global South Project
The China-Global South Daily Brief delivered to your inbox at 6AM Washington time
Full access to exclusive news and analysis from editors based in the Global South
Transcripts of CGSP’s twice-weekly podcasts