Africa Fintech startup, Opay has raised a $120 million Series B round backed by Chinese investors. Established in Lagos and founded by consumer internet company Opera, OPay intends to use the money to scale in Nigeria and expand its payments product to Kenya, Ghana, and South Africa, according to Opera’s CFO, Frode Jacobsen.
Opera CEO and OPay Chairman Yahui Zhou also said, “OPay will facilitate the people in Nigeria, Ghana, South Africa, Kenya and other African countries with the best fintech ecosystem. We see ourselves as a key contributor to…helping local businesses…thrive from…digital business models.”

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