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Latest $120 Million Series B Round for Opay Proves Chinese Investors Have Made an “Unmistakable Pivot to African Tech”

The pace of Chinese investment in Africa’s tech sector appears to be heating up anew with a $120 million second funding round, also known as a Series B, for the Nigeria-based fintech company OPay. What’s interesting here is that some of China’s largest tech players, including the eCommerce logistics giant Meituan-Dianping, took part in this investment, suggesting there’s a growing appetite from Chinese investors to buy into Africa’s burgeoning start-up scene.

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