OPay’s valuation climbs to $2.75B despite slowdown in venture funding
- OPay's valuation increased to $2.75 billion according to regulatory filings from Opera Limited.
- Opera Limited's stake in OPay is valued at $258.3 million in 2024, up from $253.3 million in 2023.
- Unrealised fair value gains from Opera's investment in OPay dropped from $89.8 million in 2023 to $5 million in 2024.
While OPay faces challenges similar to other fintechs, its ability to maintain and slightly increase its valuation amidst a downturn in the sector is commendable. This resilience could indicate a strong market position and potential for future growth, particularly in the expanding digital economy in Africa. Further analysis of OPay's strategic initiatives and market conditions will be crucial to understanding its long-term viability.
