OPay Raises USD50 Million from Private Capital and Corporate Investors

Source: Opera

Nigeria-based mobile payments company OPay has raised USD50 million from China-based e-commerce company Meituan-Dianping; Norway-based, US-listed internet browser company Opera; and venture capital fund managers IDG Capital, Sequoia Capital, Source Code Capital, and GSR Ventures. OPay plans to use the new funding to strengthen its presence in Nigeria, expand to other African markets, and explore new business verticals, including motorcycle ridesharing and food delivery. OPay was previously incubated by Opera.