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Announced

Completed

SoftBank Vision Fund 2 led a $400m funding round in OPay.

Financials

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Transaction Value£293m
Consideration TypeCash
Capital Owned-
Capital Bid For20%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Sources

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Tags

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Private

Venture Capital

Friendly

payment solutions

Private Equity

Payments / Commerce

Cross Border

Minority

Single Bidder

Nigeria

Completed

Acquisition

Synopsis

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SoftBank Vision Fund 2 led a $400m funding round in OPay, a Nigerian mobile payments platform, with participation from Sequoia Capital China, Redpoint China, Source Code Capital, DragonBall Capital and 3W Capital. “We believe our investment will help the company extend its offering to adjacent markets and replicate its successful business model in Egypt and other countries in the region,” Kentaro Matsui, SoftBank Vision Fund 2 Managing Partner.

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