OPay dispels rumours it’s pulling out of its commitments in Nigeria

After picking up a massive $120m Series B round in November 2019, OPay has faced rumours that it may not launch across Nigeria as heavily as before because of COVID-19.

The startup represents Norwegian Opera’s huge FinTech push into the region. However, reports have been speculating that it would not launch across as many verticals as previously mentioned.

In a new interview with TechCrunch, Derrick Nueman, VP of investor relations and advisor to OPay, has said that the company is still building its multi-service app.

This service will include a B2C e-commerce app, a B2B e-commerce platform, a logistics delivery service, a restaurant delivery and a motorcycle ride-hailing service.

OPay’s push into Africa represents another sign that Africa is becoming a hotbed for FinTech ventures. The continent’s FinTech startups raised over $1.1bn since 2014, according to FinTech Global’s data.

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