Tag: opay
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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 ...
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OPay Seeks to Raise $400 Million For Expansion Signaling Chinese VCs May Be Ready to Return to Africa
The Chinese-backed African fintech platform OPay is reportedly in talks with investors to raise as much as $400 million at a valuation of more than $1.5 billion, according to a report in The Information. That valuation, by the way, is three times higher than the ...
The China-Funded Mobile Browser That’s Zeroing in on the African Market
Four years ago, Opera was most famous for Opera Mini, a simple data compression browser, gaining traction in African countries with high data costs. Today, Opera’s software holdings have developed into an interconnected nexus spanning file sharing, news, digital payments, ride hailing, food delivery and news.
Chinese Tech in Africa: What Happened to OPay & What Will Happen to Huawei?
Chinese-owned Nigerian tech company OPay started 2020 with $170 million of cash bursting from its pockets but even that much money wasn't enough to save the company from the dramatic economic downturn brought on by the COVID-19 ...
“Blitzscaling” in African Markets: Opera’s Opay Optimizes Its Operations
Recently, OPay, the Chinese-backed super app operating in Nigeria made an announcement that garnered plenty of attention. Best known for its lime-green ‘Uber for motorcycle taxis’ service, the company, which is backed by Softbank and Meituan Dianping (China’s other super ...
Wang Yi, China's Foreign Minister and S. Jaishankar, Minister of External Affairs of India
In the space of 24 hours, between Sunday and Monday, the foreign ministers from both China and India laid out their respective governments’ positions on the escalating war in the Middle East. In Beijing, China’s top diplomat, Wang Yi, was unsparing in his criticism of ...
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 ...
OPay Seeks to Raise $400 Million For Expansion Signaling Chinese VCs May Be Ready to Return to Africa
The Chinese-backed African fintech platform OPay is reportedly in talks with investors to raise as much as $400 million at a valuation of more than $1.5 billion, according to a report in The Information. That valuation, by the way, is three times higher than the ...
The China-Funded Mobile Browser That’s Zeroing in on the African Market
Four years ago, Opera was most famous for Opera Mini, a simple data compression browser, gaining traction in African countries with high data costs. Today, Opera’s software holdings have developed into an interconnected nexus spanning file sharing, news, digital payments, ride hailing, food delivery and news.
Chinese Tech in Africa: What Happened to OPay & What Will Happen to Huawei?
Chinese-owned Nigerian tech company OPay started 2020 with $170 million of cash bursting from its pockets but even that much money wasn't enough to save the company from the dramatic economic downturn brought on by the COVID-19 ...
“Blitzscaling” in African Markets: Opera’s Opay Optimizes Its Operations
Recently, OPay, the Chinese-backed super app operating in Nigeria made an announcement that garnered plenty of attention. Best known for its lime-green ‘Uber for motorcycle taxis’ service, the company, which is backed by Softbank and Meituan Dianping (China’s other super ...
OPay’s Failure Prompts Reflection in Nigeria’s Tech Community
Last week's announcement by the Chinese-owned Nigerian-based e-commerce and payments company OPay to suspend four of its services (ORide, OTrade, OCar, OFood) caught a lot of people by surprise. After raising an impressive $170 million in a Series B funding round last fall from some ...
How China’s Technology Startups Are Scaling Across Africa
Computer Village in Lagos, Nigeria is a curious combination of old and new. Dirt roads are lined by hundreds of kiosks featuring the latest mobile phones and computers. Hawkers and criers call out deals at the entrance to both bric-a-brac sheet ...
Latest $120 Million Series B Round for Opay Proves Chinese Investors Have Made an “Unmistakable Pivot to African Tech”
The pace of Chinese investment in Africa's tech sector appears to be heating up anew with a $120 million second funding round, also known as a Series B, for the Nigeria-based fintech company OPay. What's interesting here is that some of China's largest tech players, including the ...