Nigeria: Palmpay Launches in Nigeria On $40m Round Led By China's Transsion

Africa focused payment startup PalmPay has launched in Nigeria after raising a $40 million seed-round led by Chinese mobile-phone maker Transsion.

The investment came via Transsion's Tecno subsidiary, with participation from China's NetEase and wireless comms hardware firm Mediatek - a Transsion spokesperson confirmed to TechCrunch.

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