TNW | Fintech-ecommerce
Nigerian fintech OPay files for New York IPO, Semafor reports
The Lagos payments and lending app could list in November, with Standard Bank investing up to $200mn.
Via TNW | Fintech-ecommerce
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Pay, a Nigerian payments and lending app, has filed to list on the New York Stock Exchange, Yinka Adegoke reported for Semafor. Earlier reports put its likely valuation at about $4bn.
The company filed on 9 October, bne IntelliNews reported. It will trade under the ticker OPAY, and investors expect it to price in mid-November, Semafor said. OPay has not set a price range.
Lending overtakes payments
OPay’s revenue rose 137% to $467mn in the…
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