what is opay current valuation

OPay, a Nigerian fintech company, was valued at $2 billion in August 2021 after raising $400 million in a Series C funding round led by SoftBank Vision Fund 2. This is the largest funding round in Africas tech scene, on par with Jumia's identical raise in 2016. The company had previously raised $50 million in June 2019 and $120 million in November 2019. According to OPay's parent company, Opera, OPay's monthly transactions grew 4.5 times to over $2 billion in December 2020. OPay also claims to process about 80% of bank transfers among mobile money operators in Nigeria and 20% of the country's non-merchant point of sales transactions.