China investors back Africa-focused fintech startup

SoftBank Ventures, Sequoia also throw weight behind Lagos-based payments company

20191119 lagos smartphone

Women vendors display Nokia phone models for sale along with smartphones at the 'Computer Village' in Ikeja district in Nigeria's commercial capital Lagos, Nigeria May 31, 2017. REUTERS/Akintunde Akinleye © Reuters

EUDORA WANG, DealStreetAsia

HONG KONG -- Africa-focused fintech startup OPay has secured $120 million in a Series B financing round mainly from Chinese investors.

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