South Africa’s Standard Bank Agrees to Invest up to $200mn in OPay Subject to Proposed US IPO

South Africa’s Standard Bank agrees to invest up to $200mn in OPay subject to proposed US IPO

Credit: OPayThe potential investment is capped at the lowest of $200mn, 0.98% of the bank's qualifying regulatory capital or the value of a 4.99% stake in OPay.

Chinese billionaire Zhou Yahui's OPay lands Standard Bank cash

Standard Bank will invest up to $200 million in OPay, the Nigerian fintech backed by Chinese tycoon Zhou Yahui, alongside its New York IPO.

Planned IPO: Standard Bank to Invest About $200m in OPay

By Adedapo Adesanya Standard Bank Group plans to invest up to $200 million in Nigerian-focused fintech company OPay as the digital payments firm moves to list its shares on the New York Stock Exchange. The South African banking group disclosed in a registration statement filed by OPay with the United States Securities and Exchange Commission […]

Standard Bank Plans Up To $200m Investment In OPay Ahead Of US IPO

South Africa’s Standard Bank Group plans to invest up to $200 million in Nigerian fintech company OPay as the digital financial services provider prepares to list its shares on the New York Stock Exchange. The proposed investment will see Stanbic Africa Holdings, a Standard Bank subsidiary, acquire a stake of up to 4.99% in OPay […]

Standard Bank Moves to Invest $185 Million in OPay as Nigerian Fintech Giant Eyes New York IPO

Standard Bank is preparing to acquire a stake in OPay through an investment worth approximately $185 million, strengthening its exposure to one of Nigeria’s largest fintech businesses as the company moves towards a public listing in New York. The deal follows nearly two months of discussions between the South African banking group and OPay, which […]