SoftBank-backed OPay raises $185M from Standard Bank ahead of US listing

SoftBank-backed OPay Digital Services Ltd. has secured about $185 million in a private placement with Standard Bank, Africa's largest bank. The fintech is raising funds as it prepares to list in the US.

• OPay raised about $185 million in a private placement
• Investor is Standard Bank, Africa's largest bank
• The company is backed by SoftBank Group
• Funds come ahead of a planned US listing