How Much OPay was Founded in 2021
The $400 million raised in 2021 propelled OPay to unicorn status, meaning it achieved a valuation of over $1 billion. SoftBank Vision Fund 2 played a major role in leading the investment round. Sequoia Capital China is another notable investor who participated in the funding round. This significant funding helped OPay expand its services, user base, and market reach within Nigeria's booming fintech space. How much OPay was Funded in 2021? In 2021, OPay, a Nigerian fintech startup, raised $400 million in a funding round. This investment round was led by SoftBank Vision Fund 2, with participation from other investors such as Sequoia Capital China, Redpoint China, Source Code Capital, and 3W Capital. This funding round brought OPay's valuation to approximately $2 billion. In addition to the $400 million raised in the funding round in 2021, the funding round marked SoftBank's first investment in Africa. This demonstrated significant confidence in OPay's business model and the…
Founded Mainwave Digital Media, Temmy Samuel is a financial advisor and journalist, blending financial expertise with storytelling skills to simplify complex financial topics for readers and clients alike. Learn More About Temmy Samuel
