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OPay, a Nigerian mobile payments firm founded by Opera Ltd., the Norwegian browser company, hopes to meet the demand for mobile payment technology in Nigeria. The mobile money penetration rate among Nigerians is now only 3.3%. OPay said it will also soon launch a lifestyle-focused app for food delivery, utility bill payment and access to cash and bike hailing services. With more than 40,000 OPay agents now operating there, OPay believes it can quickly grow the app among local communities. In July, IDG Capital, which was also previously a pre-IPO investor in OPay's parent company Opera, led a $50 million investment round in the firm.
Lime, a San Francisco-based electric scooter and bike-sharing provider, obtained a permit to operate in Montreal and expects to make its debut there in the near future. Lime is the first e-scooter sharing service authorized by the city to provide equipment for Montreal’s streets. Lime, which currently operates in more than 150 cities worldwide, is valued at $2.4 billion. IDG Capital joined Lime's Series A funding round in 2017.