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Chinese investors are again pouring millions into Africa's fintech start-ups

August 29, 2021
Source: scmp.com scmp.com
News Snapshot:
Based in Nigeria, mobile-payments platform OPay has raised US$400 million, pushing its valuation to US$2 billion. Photo: Handout Chinese investors are again pouring millions into Africa’s fintech start-ups - Venture capital funds return to the emerging market after staying away because of the economic uncertainty of the pandemic - Mobile-payment platforms are among the recipients in a region where many don’t have bank accounts or rely on alternative financial services Based in Nigeria, mobile-payments platform OPay has raised US$400 million, pushing its valuation to US$2 billion. Photo: Handout
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China Tech Buzz Topics: Africa | bank | capital | Chinese | Economy | finance | financial | financial services | fintech | mobile | Nigeria | OPay | Pandemic | payment | photo | platform | technology | venture capital

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