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Mobile Finance Company, Opay Gets $50m Boost

Opay gets $50m boost.

Posted  33 Views updated 8 days ago

Opay, owned by Norwegian browser company, Opera has gained a boost of $50m. 

Opay's new finances are coming largely from China with Sequoia China, IDG Capital and Source Code Capital all giving in their little to the company's development.

The company will use the capital mainly to grow its digital finance business in Nigeria — Africa’s most populous nation and largest economy.

OPay will also support Opera’s growing commercial network in Nigeria, which includes motorcycle ride-hail app ORide and OFood delivery service.

Opera founded OPay in 2018 on the popularity of its internet search engine. Opera’s web-browser has ranked No. 2 in usage in Africa, after Chrome, the last four years.

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