OPay’s valuation climbs to $2.75B despite slowdown in venture funding
OPay's valuation increased to $2.75 billion according to regulatory filings from Opera Limited. Opera Limited's stake in OPay is valued at $258.3 million in 2024, up from $253.3 million in 2023.
Flutterwave Welcomes Court Ruling In Battle With SoftBank-Backed Founder
Kenyan Court of Appeal upheld lower court ruling in Flutterwave vs. Clara Wanjiku Odero case. Court dismissed Odero's appeal, awarding her KES 250 K in damages.
Next Wave: How investor activity changed after 2022
A surge in startup funding in Africa's tech ecosystem in 2021 fueled by foreign capital and a low-interest rate environment. Major investors like Tiger Global and SoftBank pulled back due to rising interest rates and geopolitical tensions.
Nigeria’s Fintech Challenger OPay Sees Valuation Soar Despite Tech Downturn
OPay's valuation has climbed to between USD 2.7 B to USD 2.9 B, defying market trends. Opera divested its stake in OPay from 31% to 9.44%.
