The ORide/OPay Double Play Strategy – Lose Money in Okada, Make It Up via Paytech

Many have commented that OPay did not raise $150 million as I noted in the Gokada piece: “$150 million OPay has raised [$50m for OPay and the reserved $100m].” You are technically correct as the $100 million fund was not specific for OPay. Yet, these are all semantics. Do not be fixated on it. I go beyond press release in my analysis; I think beyond the press. Since Opera raised $100m for Africa, it has not done anything, at scale, in any other country but Nigeria. I do believe that majority of that $100M  is mapped for Nigeria even though … Continue reading The ORide/OPay Double Play Strategy – Lose Money in Okada, Make It Up via Paytech