Opay, a mobile payments firm founded by browser company Opera Ltd., has raised $400 million, driving up the company’s valuation to $2 billion. According to OPay, the company’s technology is designed to replace cash and other legacy payment methods, helping local governments “improve financial and information security.” OPay’s monthly transaction volumes exceed $3 billion. IDG Capital, which was also previously a pre-IPO investor in OPay's parent company Opera, led OPay’s Series A funding round and also joined its Series B round.

DEEPEXI, a Beijing-based provider of big data and artificial intelligence-enabled digitization solutions, has completed its $100 million Series B funding round. Founded in 2018, DEEPEXI leverages data intelligence, cloud computing, Artificial Intelligence of Things (AIoT), and other technologies to develop solutions that enable digital marketing, operations, finance and other business aspects. The startup has over 100 large and medium-size clients in retailing, financial services, manufacturing, and government affairs. IDG Capital led an angel round in Deepexi and joined its $35 million Series A round.