OPay
About OPay
OPay is a payments startup based in Lagos, Nigeria. The company reached Series C stage in undefined with a null round led by IDG Capital. OPay's investor base includes 13 institutional funds, with SoftBank Vision Fund 2 leading the most recent equity round.
OPay is a leading digital banking and mobile payments platform serving Nigeria, Egypt, and Pakistan. Founded in 2018 and incubated by Opera, the company builds inclusive financial infrastructure for emerging markets through an agent-based network of over 500,000 agents, a mobile wallet, debit cards, and savings products. OPay serves more than 50 million registered users in Nigeria and handles approximately $12 billion in monthly transaction volume, holding an estimated 22% share of Nigeria's e-wallet market. The company grew revenue by over 60% on a constant-currency basis in 2023 while its user base quadrupled, and its transaction volume has grown roughly 60-fold since the first quarter of 2021. In May 2026, OPay hired Citigroup, Deutsche Bank, and JPMorgan Chase to lead a planned US IPO targeting a $4 billion valuation — a milestone that would make it the largest African fintech listing in recent years.
OPay Funding Rounds Timeline
| Round | Date | Amount | Valuation | Lead investor | Co-investors |
|---|---|---|---|---|---|
| Undisclosed | — | IDG Capital | Sequoia Capital China, Source Code Capital, Meituan-Dianping, GSR Ventures, Opera Limited | ||
| Undisclosed | — | Meituan-Dianping | DragonBall Capital, GaoRong Capital, Source Code Capital, SoftBank Ventures Asia, Bertelsmann Asia Investments, Redpoint China, IDG Capital, Sequoia Capital China, GSR Ventures | ||
| Undisclosed | — | SoftBank Vision Fund 2 | Sequoia Capital China, DragonBall Capital, Redpoint China, Source Code Capital, SoftBank Ventures Asia, 3W Capital |
Investors in OPay
13 institutional investors
Lead investors
Co-investors
Questions about OPay
How much has OPay raised?
OPay has raised null across undefined funding rounds since undefined.
Who are the investors of OPay?
OPay's investors include SoftBank Vision Fund 2, IDG Capital, Source Code Capital, GaoRong Capital, Meituan-Dianping, Sequoia Capital China, GSR Ventures, DragonBall Capital, SoftBank Ventures Asia, Bertelsmann Asia Investments, Redpoint China, 3W Capital, Opera Limited.
When was OPay's last funding round?
OPay's most recent round was a null undefined in undefined, led by IDG Capital.