OPay Pakistan Drops its Plans to Acquire Seedcred Financial Services Ltd

OPay, a leading unicorn in the fintech industry with a valuation of $3 billion (backed by world-class investors, including SEQUOIA, SoftBank, IDG Capital, etc.), today announced a strategic reevaluation of its acquisition plans in the Pakistani market and has decided not to proceed with the acquisition of Seedcred Financial Services Ltd.

The decision to reassess its acquisition strategy underscores OPay’s commitment to navigating the Pakistani market strategically and responsibly. While the acquisition of Seedcred Financial Services Ltd. – Barwaqt is no longer on the table, OPay remains dedicated to providing innovative fintech solutions to the Pakistani market.

Pakistan remains a key market for OPay and the company will continue to play a positive role in shaping the future of fintech in Pakistan.