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Chinese Fintech OPay Eyes US IPO with $4B Valuation

Summary by Semafor
OPay, a Chinese fintech company focused on Nigeria, is looking to go public in the US, Bloomberg reported. It has engaged three banks, including JPMorgan, to prepare the process that would value the company at around $4 billion, according to the outlet. OPay’s digital banking app has rivaled services from commercial banks over the past two years, making the firm one of Nigeria’s best-known financial services companies.OPay took off in 2019 with …

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TechCabal broke the news on Monday, May 4, 2026.
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