NewStats: 3,259,709 , 8,170,711 topics. Date: Sunday, 25 May 2025 at 07:25 PM 35m5n

SoftBank Vision Fund 2 led a $400 million funding round for OPay, valuing the Nigerian mobile-payments platform at $2 billion and marking the investment vehicle’s first bet in Africa.

Also participating in the round were Sequoia Capital China, DragonBall Capital, the venture arm of Chinese food-delivery giant Meituan, Redpoint China, Source Code Capital, SoftBank Ventures Asia and 3W Capital, according to OPay.

“We want to be the power that helps emerging markets reach a faster economic development,” OPay Chief Executive Officer Yahui Zhou said in an emailed statement.

The company’s technology is designed to replace cash and other legacy payment methods, helping local governments “improve financial and information security,” according to OPay. Founded in 2018, the company’s monthly transaction volumes exceed $3 billion. In addition to expanding in other African countries, OPay is focused on the Middle East as well, it said.

“We believe our investment will help the company extend its offering to adjacent markets and replicate its successful business model in Egypt and other countries in the region,” said Kentaro Matsui, a SoftBank Group Corp. managing director and former managing partner at SoftBank Investment Advisers, which oversees Vision Fund and Vision Fund 2.

OPay previously counted ride-hailing and logistics services as part of its offerings. Last year, OPay closed its ride-hailing and bike-sharing businesses following a government ban and the rise of the Covid-19 pandemic.

Norway’s Opera Ltd., which counts Zhou as its chairman and co-CEO, said in June that it sold 29% of its stake in OPay, recording a $31.1 million gain. Zhou is the billionaire founder of Kunlun Tech Co., which last year sold dating app Grindr under U.S. regulatory pressure due to national-security concerns.

Earlier this month, SoftBank’s billionaire founder Masayoshi Son said he’d begin to invest personally alongside Vision Fund 2, to which SoftBank has committed $40 billion.

https://www.bloomberg.com/news/articles/2021-08-23/softbank-bets-on-fintech-startup-opay-at-2-billion-valuation

Guy at the top please delete your post and let me be FTC on Baba Lalastic post nah... Biko
—
Mean while,If you are a product or music video, let’s me run paid YouTube ads to promote your videos chat up

Good for them as long as they won't turn around to extort us.

Oh God of all wisdom, give me an idea!! I want to build a multimillion dollar company!!! Just an idea, will change my life forever!



Modified: I'm saying this because I've done so many businesses and I have failed. Seems nothing is actually working out lol

Mtcheeeew audio money

this opay sef how the thing be sef

They're talking about $400m and $2b

But here on Nairaland yours truly is asking you to help a broke Naija boi like me earn $2 and $10 respectively.

It looks so little but when exchanged to shameful naira it turns to a money that can get a sumptuous plate of bole, steaming hot and great aroma plus a bottle of Heineken to step it down.

You ain't doing much. You're not spending anything!

You only click a link. And maybe .

When you click the link I get $2

And If you really want to be so lovely by ing your presence on the site I get $10.

Perfect. What's the site all about?

I'll answer that in all honesty.

So today I was perusing the subs of Reddit when I came across some post. The real truth; I was searching for client. As I am a copywriter.

I immediately ed fast. Because they legit promised $25 if I did.

I so much wanted to withdraw that particular 25$ with out doing any task but well...they said it won't happen not until I invite or refer 15persons.

I know how nairaland bots abhors sharing of link here. And Nigerians knows how to cast fruitful things quickly, and before you say Jack Robinson! they have banned and blacklisted us From assessing their site like other great sites that pays out real treats anything that looks Nigerian.

If you read this far that means your interested.

Click my signature!

Financial jargons!
Making no sense to a layman!

Mak dem Deposit my share of 1million dollars inside my Opay akant no time..


Mak oda customers manage the remaining...

X

Make I apply loan from inside this fund

No comments at front page, shows our youth no they intelligent, if na football or tribalistic topics, dem sabi

More cashback to flow fa, those guys are doing well really, let's not talk about their loan part, let's say you re just using it for normal transactions.

Nice

That's a great financial investment

O Trike and O Ride were among the best things that happened between 2019 and 2020.
At a point, I didn't use my car for weeks. My rides were always waiting for me Infront of my gate.
Unfortunately, the business model was too ambitious.

Mouth watering investment hedge funds....

Reason I tell interns to be proactive in client funnel creation.....numbers don't lie if you know you know!



@SENIORWRITER

Opay ko kopay ni

Rich investment in an already flourishing venture...
A classic case of those who have will have more given to them.

Anyway, I love soft things

What's tha business?

Chinko ing chinko. What’s the point if it doesn’t translate into better services and welfare.

I have never seen an investor with the appetite for risk like softbank and the thing that amazes me is they are not worried about calling their losses and moving on like nothing happened

That's good one for them, hope nigeria policy will not affect them..


Cus I love the app.

Good one.

Just keep thinking, if you have a solution to any problem, then you have much money.

But I hear say them hack opay server, is it true?

I love opay apart from d free charges I also get lots of discount... I still don't know y people are not ditching normal banks for this easy banking

nice one
money is in tech and crypto now
although local policies are killing the sector

Someone ones said and I concur if you want your peace then stay away from Loan apps.
I don't know if Opay behaves like that, but the idea of calling someone family and s just to make the person pay, is a no, no for me. The reason I changed my mind when I wanted to get one.

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