OPay - eriinfo

Standard Bank to take up to 0-million stake in OPay

Standard Bank to take up to $200-million stake in OPay

eriinfo.com1 month ago07 mins

Standard Bank Group CEO Sim Tshabalala Standard Bank Group will invest as much as US$200-million in OPay, the Nigeria-focused fintech that filed on Friday to list its shares in New York. Standard Bank said it had signed a subscription agreement but did not disclose the amount. That detail is in the registration statement OPay filed…

Africa

Africa’s Biggest Bank Targets Stake in OPay Ahead of IPO – Report

eriinfo.com3 months ago03 mins

The potential investment in OPay followed Standard Bank Group’s disclosure that it plans to increase its investments in companies across Africa in June. Africa’s largest bank by assets, Standard Bank Group is in negotiations with Nigerian fintech company OPay ahead of the latter’s planned initial public offering (IPO) in the United States. OPay is working…