Live Roundups Editor's Desk Insights Executive Ops Weather About 🔍
Home › Entertainment › SoftBank-Backed OPay Wins $185 Million Standard Bank Placement
Entertainment

SoftBank-Backed OPay Wins $185 Million Standard Bank Placement

Bloomberg Technology Friday 09 October 2026, 17:45 UTC By Loni Prinsloo and Julia Fioretti 1 min read
Key Points

SoftBank-Backed OPay Wins $185 Million Standard Bank Placement SoftBank Group Corp.-backed OPay Digital Services Ltd. secured about $185 million in a private placement with Africa’s biggest bank as it prepares to list in the US. The Nigeria-focused financial-technology company signed two agreements with Standard Bank Group Ltd. that include a stake sale through the private placement and the lender’s Africa head, Lungisa Fuzile, serving on the board of directors, according to the prospectus...

SoftBank-Backed OPay Wins $185 Million Standard Bank Placement SoftBank Group Corp.-backed OPay Digital Services Ltd. secured about $185 million in a private placement with Africa’s biggest bank as it prepares to list in the US. The Nigeria-focused financial-technology company signed two agreements with Standard Bank Group Ltd. that include a stake sale through the private placement and the lender’s Africa head, Lungisa Fuzile, serving on the board of directors, according to the prospectus seen by Bloomberg and filed Friday.
SoftBank (ORG) Standard Bank Placement (ORG) Standard Bank Placement SoftBank Group (ORG) Digital Services Ltd. (ORG) Africa (LOCATION) US (LOCATION) Nigeria (LOCATION) Standard Bank Group Ltd. (ORG) Lungisa Fuzile (PERSON) Bloomberg (ORG)
Originally published by Bloomberg Technology Read original →

Related Stories

The Celebrity Traitors – live

The faithful have banished one traitor and one of their own. Will they have any more luck tonight?As always, a quick status update on where the remaining contestants are right now:Maya Jama – TRAITOR. And a pretty good one, no?

The Guardian UK 27m ago

Two men met on a Port Adelaide ship — a Nobel and Apocalypse Now ensued

Literary giants Joseph Conrad and John Galsworthy owed their friendship to Port Adelaide The oceans of the world do not allow us to retrace our steps, for the simple reason that the nature of waves is not conducive to the creation of footprints. But that doesn't mean treasure can't be pursued on the high seas of history.

ABC Australia 34m ago

Federal judge blocks deportation of Dominican illegal immigrant shot by ICE during NYC arrest attempt

A federal judge has temporarily blocked the deportation of an illegal immigrant who was shot Thursday during a U.S. Immigration and Customs Enforcement operation in New York City. In a two-page order, U.S. District Judge Paul Oetken, an Obama appointee, ruled that the man — whom police identified as Oscar Belgal but who was named in a court document as Oscar Bergal — cannot be removed from the United States without a court order while his petition challenging his detention remains pending....

Fox News 42m ago

Idaho family sues after irrigation shutoff ruins crops on 1,000-acre farm

An Idaho family that has farmed 1,000 acres near the Snake River for three generations has sued the state after an emergency water order forced them to shut off their irrigation pumps. The order dried their fields and destroyed their crops. Jerry Bingham and his family have grown wheat, alfalfa, and potatoes near Blackfoot since 1950.

Times of India 44m ago