OPay, the payments service operating in Nigeria, has raised $120 million in a Series B round.
The round was led by Chinese investors including Sequoia China, IDG Capital and Source Code Capital. The round also included participation from Softbank Ventures Asia, Meituan-Dianping, DragonBall Capitak, GaoRong Capital and GSR Ventures.
Opay stated that this new round of funding will be deployed to launch in Kenya, Ghana, and South Africa.
Opay had already raised $15 million back in July from a similar group Chinese investors.
Opay is a mobile-based platform for payment, transportation, food & grocery delivery, and other services. Currently, users can request for services including:
- ORide (On-Demand Bike Service)
- OBus (Bus Riding)
- OWealth (Investment)
- OFood (On-Demand Food Delivery)
Source: Opera News