Which company have the same stakeholders with opay?

Question: Which company have the same stakeholders with opay?

If you are interested in the fintech industry in Africa, you might have heard of OPay, a mobile payment platform that offers various services such as ride-hailing, food delivery, e-commerce and more. OPay is backed by some of the most prominent investors in the world, such as Sequoia Capital China, SoftBank Ventures Asia, IDG Capital and Meituan. But did you know that OPay is not the only company that shares these stakeholders? In fact, there are several other fintech startups in Africa that have the same or similar investors as OPay. Here are some of them:

- PalmPay: This is a mobile wallet app that allows users to send and receive money, pay bills, buy airtime and access loans. PalmPay is also supported by Transsion Holdings, the Chinese company that dominates the smartphone market in Africa with its Tecno, Infinix and Itel brands. PalmPay has raised $40 million from Transsion, NetEase and Mediatek in 2019.

- Flutterwave: This is a payment technology company that provides a unified platform for businesses to accept payments from anywhere in the world. Flutterwave has partnered with global giants such as Visa, Mastercard, PayPal and Alipay to enable cross-border transactions. Flutterwave has raised $170 million from investors such as Avenir Growth Capital, Tiger Global, Greycroft and Y Combinator in 2021.

- Kuda: This is a digital-only bank that offers zero-fee banking services to its customers. Kuda allows users to open an account, save money, transfer funds and pay bills using their smartphones. Kuda has raised $55 million from investors such as Valar Ventures, Target Global, SBI Investment and Entrée Capital in 2021.

These are just some examples of the fintech companies in Africa that have the same stakeholders as OPay. They show how the continent is attracting more attention and capital from global investors who see the potential of its large and growing market. As these companies continue to innovate and scale, they will likely create more opportunities and benefits for their customers and communities.

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