Standard Bank will buy as much as 4.99% of Nigeria-focused fintech OPay as it files to list in New York.
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Norrsken22’s Lexi Novitske explains how Chinese firms won African phones and fintech – and are now winning in AI.
African start-ups are building on Chinese AI models as US private capital retreats, says Norrsken22’s Lexi Novitske.
Africa’s technology-dominated start-ups will continue to attract investment, even if at a slower pace, following record venture capital funding last year.
Nigerian tech start-up TeamApt is in the market raising its third round of funding at a value of more than $1-billion.
OPay, an Africa-focused digital payment start-up founded by a Chinese entrepreneur, has secured $400-million in its latest funding round led by SoftBank Vision Fund 2, valuing it at $2-billion.