Welcome To McEbiscoo.com

Loading...

OPay Raises $120m To Support Expansion


Download Mc Ebisco News App.

Now Available On:

Loading...

Nigeria-based payment and consumer platform OPay has raised $120million in a Series B funding round to support its expansion strategy, according to Verdict.co.uk reports.

The funding round involved participation from SoftBank Ventures Asia, Meituan-Dianping, Sequoia Capital China, DragonBall Capital, GSR Ventures, GaoRong Capital, IDG Capital, Source Code Capital, Bertelsmann Asia Investments (BAI) and Redpoint China.

Internet company Opera incubated OPay, which launched its mobile payment solution in August last year.

Loading...

Apart from sending and receiving funds, OPay can be used to pay bills, get transportation and order food and groceries.

ALSO READ:  Nigerian Billionaire, Invictus Obi Deletes His Instagram, Facebook & Twitter After Being Arrested By FBI

The firm raised $50million in July this year to bolster its presence in Nigeria and expand to neighbouring markets. The latest funds are intended to speed-up mobile payment services expansion and growth across various new verticals.

In addition, the company intends to foray into new African markets.

OPay CEO Yahui Zhou said: “OPay will facilitate the people in Nigeria, Ghana, South Africa, Kenya and other African countries with the best fintech ecosystem that Africa has ever seen, paired with the inclusion of daily use services such as transportation and delivery.

ALSO READ:  Breaking News: ADP To Hold Non-elective Convention In Abuja

“We see ourselves as a key contributor to expanding financial inclusion in Africa, and helping local businesses and workforces to thrive from opportunities created by new, digital business models.”

Since the Series A funding, the company is said to have increased its active agents three times to more than 140,000. Also, daily transaction volumes doubled to over $10m per day.

ALSO READ:  Deji Adeyanju Apologises To President Buhari

The company also introduced a cashless payments service for offline merchants.

Zhou added: “Further, the strength of Opera’s brand and OPay’s emerging position will continue to benefit both companies and further escalate their ability to take leadership in several internet verticals across Africa.”

Please Share This Story

DOWNLOAD The Mc Ebisco News Mobile App Here

   

Hello....

Many others who have been assisted by Dr. Mugwenu say they have received powerful healing and are now more connected to their fellow lonely hearts. Contact Dr. Mugwenu. He heals pressure, diabetes, ulcers, gonorrhea, syphilis, TB, manhood weakness among other things. The doctor also solves life’s challenges such as love issues, family problems, hardships in business, increases your luck, that is, winning lottery games and court cases, promotions at work and clears away devilish spirits and dreams. For consultation call: +254 740637248 www.mugwenudoctors.com    

Loading...

Have any Question or Comment?

Leave a Reply

Loading...

YOU MUST READ

Loading...

Contact Us Here

Get Latest Mc Ebisco News Alert!

Enter your email address:

Delivered by FeedBurner

Watch Mc Ebisco Comedy

Translate »