2021 OPay Funding: A $400M Boost

In 2021, OPay received a significant funding boost of $400 million, which was a major milestone for the company.

This funding was a crucial step in OPay's growth and expansion plans, allowing the company to further develop its services and reach more customers.

The $400 million funding injection was a testament to OPay's innovative approach to financial services and its potential for long-term success.

OPay secured a massive $400-million funding round in 2021.

This funding round was led by SoftBank Vision Fund 2, marking SoftBank's first venture into Africa.

The investment was also participated by Sequoia Capital China, Redpoint China, Source Code Capital, and 3W Capital.

OPay's valuation surged to $2 billion following this funding round.

The capital was intended for service enhancement and geographical expansion, including markets outside Nigeria.

OPay has extended its services beyond mobile payments to include ride-hailing and food delivery.

The company focuses on leveraging technology to provide affordable financial services to underserved populations.

Here are the major investors who participated in OPay's funding round:

OPay's funding round brought its valuation to approximately $2 billion, a significant milestone in the company's rapid growth.

This valuation underscores OPay's substantial market presence within Nigeria's fintech sector.

The company's valuation is a testament to its successful expansion and adoption in the Nigerian market.