Standard Bank Group Invests in OPay Ahead of Proposed US IPO

Standard Bank Group , Africa’s largest bank by assets with a presence across 21 African markets, has signed a subscription agreement to invest in OPay, a digital financial platform primarily offering a comprehensive suite of integrated fintech solutions in Nigeria and other countries. This investment is expected to close concurrently with or shortly after the closing of OPay’s proposed initial public offering, subject to completion of the offering and receipt of applicable regulatory approvals.