Strategy Note /
Global

OPay’s lesson to Africa’s budding unicorns: find strong sponsors and a big pond

  • OPay’s recent US$400mn funding round gives it a US$2bn valuation, making it one of a handful of African fintech unicorns

  • Wannabe African unicorns should focus on strategic partners, management expertise and building customer trust

  • Payments is the most promising area of fintech activity. Data protection is the biggest regulatory hurdle

OPay’s lesson to Africa’s budding unicorns: find strong sponsors and a big pond
Rahul Shah
Rahul Shah

Head of Financials Equity Research

Contributors
Rohit Kumar
Rabail Adwani
Tellimer Research
31 August 2021
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