One-stop electronic financial service provider OPay announced that the company recently completed its series B round financing of USD120 million.
According to OPay, its investors include Meituan Dianping, Longzhu Capital, Source Code Capital, Gaorong Capital, Softbank Asia, BAI, Redpoint China Ventures, IDG Capital, Sequoia China, and GSR Ventures.
OPay is reportedly one of the fastest growing companies in Africa and it was incubated by the Norwegian-based Internet company Opera. OPay provides services like mobile payment, shared transportation, and meal delivery.
In regards to the raised capital, OPay plans to use it to further accelerate its expansion in vertical sectors and develop new African markets. It is said that OPay raised USD50 million in its last financing, which was completed in June 2019.
OPay will establish fintech ecology for Nigeria, Ghana, South Africa, Kenya and other African countries, covering frequently used lifestyle services such as traffic and meal delivery.