This funding round comes just a few months after the company received $50 million back in June, as it focuses on its goal of creating more financial solutions surrounding digital payments and all-round financial inclusion, for the African market. Opay is currently performing quite impressively in Nigeria and boasts of 140,000 agents with a transaction of the volume of $10 million every day. The new funding is expected to help the company spread to other countries in Africa, beginning with Kenya, South Africa, and Ghana.
Opay might however have to battle the Nigerian market with Interswitch, which recently confirmed unicorn status ($1 billion valuation) after Visa acquired a small stake.
Image credits: Pixabay
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