Based in Nigeria, mobile-payments platform OPay has raised US$400 million, pushing its valuation to US$2 billion. Photo: Handout
Based in Nigeria, mobile-payments platform OPay has raised US$400 million, pushing its valuation to US$2 billion. Photo: Handout

Chinese investors are again pouring millions into Africa’s fintech start-ups

  • Venture capital funds return to the emerging market after staying away because of the economic uncertainty of the pandemic
  • Mobile-payment platforms are among the recipients in a region where many don’t have bank accounts or rely on alternative financial services

Topic |   China-Africa relations
Based in Nigeria, mobile-payments platform OPay has raised US$400 million, pushing its valuation to US$2 billion. Photo: Handout
Based in Nigeria, mobile-payments platform OPay has raised US$400 million, pushing its valuation to US$2 billion. Photo: Handout
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