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SoftBank Makes First Africa Bet on OPay at $2 Billion Valuation

  • Sequoia Capital China and Redpoint China also participated
  • Investment marks Vision Fund 2’s first bet in Africa

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, Long-Z Capital, the venture arm of Chinese food-delivery giant Meituan, Redpoint China, Source Code Capital, SoftBank Ventures Asia and 3W Capital, according to OPay.