OPay Raises $120 Million In Series B Round; Plans Expansion To Kenya, Ghana And South Africa

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