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OPay logo — Nigeria’s leading fintech, trusted by tens of millions for s...

OPay

Nigeria’s leading fintech, trusted by tens of millions for secure payments, savings & more. Built for you. 💚

Founded 2018 Nigeria Lagos, Nigeria 4413 employees Series C Total: $570.00M Financial Services, Fintech +2

General Information

Company Name OPay
Founded Year 2018
Location Nigeria Lagos, Nigeria
Founders / Decision Makers
Team member
Employees 4413
Industries Financial Services, Fintech, Mobile +1
Funding Stage Series C
Business Model B2C, B2B, Embedded Finance
Revenue Model Transaction Fee, Service Fee, Commission
Social

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A one-page PDF brief: what it does, key facts, the last 90 days of dated moves and questions worth asking. Re-checked on the day you order. See a sample

Recorded by Bounce Watch from public sources. Every entry below carries the date we observed it, and when we have not looked recently the page says so rather than leaving silence to imply nothing happened.

Homepage Update

Significant changes detected on company website (42.5% content change).

In The News Oct 31, 2026

Featured on Startup Fortune: OPay Pulls $304 Million NYSE IPO Hours Before Shares Were Set to Trade

In The News Oct 31, 2026

Featured on Seeking Alpha: SoftBank-backed OPay shelves IPO plans after regulatory probe

IPO Announced Oct 31, 2026

SoftBank-backed OPay has halted its IPO plans for the NYSE.

AI Insight

Bounce Watch AI
1 week ago

OPay is strategically pivoting towards public markets with a New York IPO filing, backed by impressive financial growth, including a 137% revenue increase and quadrupled net income in H1 2026. This move signifies a mature stage for the fintech, demonstrating a successful refinement of its business model to focus primarily on high-growth lending services. The planned dual listing in Lagos and Standard Bank's strategic investment further underscore its market confidence and regional commitment.

Signal Types
Ipo Filing Financial Performance Strategic Investment Business Model Pivot
Strategic Labels
Public Listing Market Leadership Financial Growth
Next Move: Listing
·
Impact: 10/10
·
Ideal For: Public Market Investors — Fintech

About OPay

OPay is emerging as Nigeria’s premier fintech company, distinguished by its commitment to providing a comprehensive suite of financial services. Since its inception in 2018, OPay has positioned itself as a leading player in the categories of Financial Services, Fintech, Mobile, and Payments.

With a slogan emphasizing trust and secure transactions for millions, OPay champions the mantra of doing more with ease. It's renowned for rapid, fee-free transfers and guaranteeing 100% network uptime. Value-added services like cashback on data and airtime reassure its customers of a holistic experience, beyond traditional banking.

The startup attracted significant investment attention, successfully concluding a sizeable $400.00M Series C round on 01 August 2021. This funding round was bolstered by notable investors, including Source Code Capital, SoftBank Capital, SoftBank, 3W Capital, SBVA, Redpoint, HongShan, Dragonball Capital, and the Vision Fund. As OPay advances, its strategic growth potential lies in leveraging its vast market presence and fintech expertise, offering promising returns for future investors.

Business keywords: Secure Payments, Mobile Payments, Digital Wallet, Cashback Rewards, Bill Payments, Savings Platform, Food Delivery, Grocery Delivery, Consumer Platform, Transportation Services, Smart Financial Services, Mobile-Based Platform, Money Transfers

Services & Products

Instant Transfers
Debit Card Provision
Airtime/Data Top-up
Bill Payments
OWealth Investment Product
Customer Service

Target Customers

Individuals Businesses Agents Microfinance Customers

Funding Rounds & Investors (4)

View All
Funding Stage Amount Investors Lead Investors Date
Series C $400.00M 9
Source Code Capital, SoftBank Capital +7
01 Aug 2021
Series B $120.00M 8
GSR Ventures, Source Code Capital +6
01 Nov 2019
Series A $50.00M 6
GSR Ventures, Source Code Capital +4
01 Jul 2019
Corporate Spinout Undisclosed 1
Opera
01 Aug 2018

OPay Alternatives & Competitors

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OPay vs
WorldRemit
WorldRemit United Kingdom

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OPay vs
Papara
Papara Turkey

Banka değil, Papara!

515 employees
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OPay vs
PalmPay
PalmPay Nigeria

Say Yes to More!

Series A
2753 employees
Finance, Financial Services

FAQ About OPay

Nigeria’s leading fintech, trusted by tens of millions for secure payments, savings & more. Built for you. 💚
OPay was founded in 2018.
OPay is headquartered in Lagos, Nigeria.
OPay operates in Financial Services, Fintech, Mobile and Payments. Its work centres on Secure Payments, Mobile Payments, Digital Wallet and Cashback Rewards. Its customers include Individuals, Businesses and Agents.
OPay has a B2C, B2B and Embedded Finance business model. Its revenue comes from Transaction Fee, Service Fee and Commission.
OPay has approximately 4413 employees.
OPay has completed 4 funding rounds, raising a total of $570.00M. The latest funding stage is Series C.
OPay offers: Instant Transfers, Debit Card Provision, Airtime/Data Top-up, Bill Payments, OWealth Investment Product, Customer Service.
Top alternatives and competitors to OPay include WorldRemit, Papara, PalmPay, Global Ödeme Hizmetleri A.Ş, BPN Ödeme & E-Para Hizmetleri. These companies operate in related industries and serve comparable markets. You can compare them side by side on Bounce Watch.
OPay and WorldRemit are both companies in similar industries. Compare their funding, team size, growth signals, and market position on Bounce Watch to see which one fits your needs.

Source: BounceWatch company record for OPay, https://www.bouncewatch.com/company/opay, updated 31 October 2026. When citing, please name BounceWatch and link this page.

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