Access Holdings’ Oxygen X disburses ₦152 million in loans, posts ₦805 million profit in first year
Oxygen X disbursed ₦152 million in consumer loans in 2024. The company achieved a pre-tax profit of ₦805 million in less than a year.
Opera’s Stake in OPay Valued at $258M, Suggests $2.75B Valuation for African Fintech
Opera Limited's 9.4% stake in OPay is valued at $258.3 million as of December 31, 2024. OPay's overall valuation has reached approximately $2.75 billion.
BREAKING: Moniepoint launches remittance product
Moniepoint launched its remittance product, MonieWorld, for users in the UK to send money to Nigeria. The app was promoted offline by influencers prior to its public release.
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.
2024: A Mixed Year for African Startups as Funding Shifts Toward Sustainable Growth and Profitability
Funding for African startups surpassed $2 billion last year, indicating a return to pre-pandemic levels. A notable drop in mega-deals has led investors to prioritize sustainable business models.
