About OPay
OPay is a company based in Lagos (Nigeria) founded in 2018 by Yahui Zhou. OPay has raised $570 million across 3 funding rounds from investors including Meituan, Opera and SoftBank Vision Fund. OPay has completed 1 acquisition, including Finja. OPay offers products and services including OPay App, OPay Debit Card, Owealth, and Airtime Top-up. OPay operates in a competitive market with competitors including Paytm, MoneyGram, Xend Finance, CarePay and Remita, among others.
- Headquarter Lagos, Nigeria
- Founders Yahui Zhou
- Stage Unicorn
- SectorsFinancial Services
- Website category Gambling · Casinos
- Email••••••••
- Phone•••• ••••
- Website opayweb.com
- Social LinkedIn X Facebook Instagram
- Legal Name Opay Digital Services Limited
Products & Services of OPay
OPay offers a comprehensive portfolio of products and services, including OPay App, OPay Debit Card, Owealth, and Airtime Top-up.
App for instant account opening and financial transactions.
Card for secure ATM and online payments with no fees.
Service offering daily interest on funds for easy access.
Feature for recharging airtime with instant cashback rewards.
Apps and channels of OPay
OPay publishes 1 mobile app with over 50M+ downloads.
Funding Insights of OPay
OPay has successfully raised a total of $570M across 3 strategic funding rounds. The most recent funding activity was a Series C round of $400 million completed in August 2021. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding $570M
- Total Rounds 3
- Last Round Series C — $400M
- First Round $50M
(Jul 2019)
- Investors Count 16
All 3 funding rounds of OPay with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Aug 2021 | $400M | Series C | $2B | SoftBank Vision Fund | |
| Nov 2019 | $120M | Series B | – | Meituan, Gaorong Capital | – |
| Jul 2019 | $50M | Series A | – | IDG Capital, Sequoia Capital China | – |
| Date | Valuation | Stage |
|---|---|---|
| Aug 2021 | $2B | •••••••• |
Last known valuation $2B (Aug 2021). 16 investors in total: 16 institutional.
Investors in OPay
OPay has secured backing from 16 investors, including venture fund and institutional investors. Prominent investors backing the company include Meituan, Opera and SoftBank Vision Fund.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Venture capital investments in technology and startups. | 2016 | visionfund.com | London, United Kingdom | |
Redpoint Ventures is engaged in venture capital investments. | – | redpoint.com | Woodside, United States | |
Tech-driven startups are invested in by Source Code Capital. | – | sourcecodecap.com | Beijing, China | |
- | – | 3wpcap.com | - | |
Dragon Capital is focused on investment opportunities in Vietnam. | 1994 | dragoncapital.com | Ho Chi Minh City, Vietnam | |
Early-stage venture capital arm of SoftBank Group | – | sbvacorp.com | Seoul, South Korea | |
Early and growth-stage TMT startups are funded in China. | – | gaorongvc.com | Beijing, China | |
TMT focused VC firm for early-stage startups | – | rpvchina.com | Beijing, China | |
Venture capital firm | – | idgcapital.com | New York, United States | |
Early-stage tech startups are invested in by GSR Ventures. | – | gsrventuresglobal.com | Beijing, China |
Investor details for OPay
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
- Complete investor list
- Round participation
- Investor portfolios
- Co-investor network
Verified entity values are shown only after access is granted.
People of OPay
1 people are tracked at OPay (1 in leadership).
| Name | Role | Group |
|---|---|---|
Yahui Zhou | Founder | Leadership |
Complete people profiles for OPay
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
- Full employee list
- Team structure
- Board tenure
- Professional contacts
Verified entity values are shown only after access is granted.
Investments & Acquisitions by OPay
OPay has strategically engaged in corporate development activities, having acquired 1 company. Notable acquisitions include Finja.
| Company Name | Description | Domain | Location | Founded | Acquired | Amount |
|---|---|---|---|---|---|---|
Financial services are provided for MSMEs, investors, and businesses. | finja.pk | Lahore, Pakistan | 2015 | Sep 2023 | •••• |
Complete acquisition details for OPay
Acquired stakes, deal sources and the complete acquisition history require an active premium plan.
- Acquired stakes
- Deal sources
- Complete history
- Exports
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Timeline of OPay
5 dated milestones of OPay across 5 years, from founding to its latest funding, stage changes and deals.
- Founded OPay is founded.
- Funding First funding round of $50.0M.
- Funding Latest funding round, Series C, of $400.0M.
- Milestone Reaches Unicorn status.
- Acquisition Acquires Finja.
Competitors of OPay
OPay operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Paytm, MoneyGram, Xend Finance, CarePay and Remita, among others.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| paytm.com | 2000 | Noida, India | $4.14B | 14,760 | Digital payments, financial services, and e-commerce platforms are provided. | |
| moneygram.com | 1940 | Dallas, United States | – | – | Cross-border payments are enabled via wallet solutions for consumers. | |
| xend.finance | 2019 | Lagos, Nigeria | $2M | – | DeFi savings are enabled for credit unions and cooperatives. | |
| carepay.com | 2015 | Amsterdam, Netherlands | $61.81M | – | Provider of a health insurance platform for global insurers | |
| remita.net | 2006 | Lagos, Nigeria | – | – | An app-based digital wallet providing payment solutions for individuals and businesses. | |
| thankucash.com | 2018 | Lagos, Nigeria | $5.95M | – | Reward-based digital wallet for secure consumer payments. | |
| heyfood.africa | 2021 | Ibadan, Nigeria | $125,000 | – | Online platform offering food ordering and delivery services | |
| iflux.app | 2019 | Lagos, Nigeria | $125,000 | – | Consumer payments are enabled via a digital wallet platform. | |
| clubkonnect.com | 2014 | Ibadan, Nigeria | – | – | Serves as a digital wallet for facilitating consumer payments. |
Detailed competitors of OPay
The full competitor set, operating metrics and side-by-side benchmarks require an active premium plan.
- Full competitor set
- Operating metrics
- Benchmarks
- Competitive positioning
Verified entity values are shown only after access is granted.
Web traffic of OPay
The website of OPay (opayweb.com) receives about 580.3K visits a month and ranks #112,705 among all websites worldwide, #2,548 in Casinos.
- Monthly visits580.3K
▲ 30.8% vs previous month
- Unique visitors267K
per month
- Global rank#112,705
among all websites
- Category rank#2,548
Gambling · Casinos
- Bounce rate49%
- Pages per visit2.6
- Average visit2 min 02 sec
- DevicesDesktop 6% · Mobile 94%
Websites whose visitors overlap most with OPay. Affinity shows how closely the audiences match.
| Website | Domain | Audience affinity | Monthly visits | Global rank | Profile |
|---|---|---|---|---|---|
opayeg.com | opayeg.com | 100% | – | #1,146,830 | – |
opaypk.com | opaypk.com | 90% | – | – | – |
Latest news on Opay
Complete news archive for OPay
Full article history, source details, and older brand coverage require an active premium plan.
- Full article archive
- Source and publication date
- Older coverage
- Brand-specific news history
Verified entity values are shown only after access is granted.
Similar companies to OPay
10 companies that operate in the same segment as OPay (Payments & Remittance Platforms), ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Digital payments, financial services, and e-commerce platforms are provided. | 2000 | Noida, Uttar Pradesh, India | USD 4.14 B | – | – | |
Payment, financial, investment, and lending services are provided digitally. | 2012 | Bengaluru, Karnataka, India | USD 1.71 B | – | – | |
Payment processing and card issuance solutions are provided for businesses. | 2009 | San Francisco, California, United States | USD 9.81 B | – | – | |
Cloud-based accounts payable and receivable software for businesses | 2006 | Palo Alto, California, United States | USD 325.6 M | USD 1.65 B | 2,360 | |
Payment and business banking solutions are provided for enterprises. | 2014 | Bengaluru, Karnataka, India | USD 742 M | USD 302.19 M | 2,641 | |
Spend management and accounts payable solutions are delivered to businesses. | 2019 | New York, New York, United States | USD 3.21 B | – | – | |
Payment acceptance and processing solutions provider for businesses | 2018 | Gurugram, Haryana, India | USD 604.02 M | USD 179.52 M | 709 | |
Business spends, payments, and rewards are streamlined by automated workflows. | 2011 | Hyderabad, Telangana, India | USD 13.75 M | USD 149.43 M | 431 | |
Online payment processing and credit solutions are provided for businesses. | 2002 | Amsterdam, Netherlands | USD 35.15 M | USD 5.47 B | 1,200 | |
SaaS-driven credit card and spend management solutions platform for businesses | 2017 | Draper, Utah, United States | USD 1.16 B | – | 1 |
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Frequently Asked Questions about OPay
OPay was founded in 2018 and raised its 1st funding round 1 year after it was founded.
OPay is headquartered in Lagos, Nigeria. It is registered at Lagos, Lagos State, Nigeria.
OPay is a funded company, having raised a total of $570M across 3 funding rounds to date. The company's 1st funding round was a Series A of $50M, raised on Jul 2019.
OPay was founded in 2018 in Lagos, Nigeria, as a fintech platform focused on digital payments. Services include QR-based transactions, payment links, app-based payments, and bank transfers, along with bill payments for electricity, water, education, tolls, and taxes. The platform operates through mobile apps available on Android and iOS, serving users in the payments sector across Nigeria.
OPay offers OPay App, OPay Debit Card, Owealth, and Airtime Top-up.
OPay has made 1 acquisition, including Finja.
OPay has 16 investors. Key investors include Meituan, Opera, SoftBank Vision Fund, Sequoia Capital, and Redpoint Ventures.
The valuation of OPay is $2B as of Aug 2021.
OPay operates through Opay Digital Services Limited.
Yes. OPay publishes OPay, with over 50 million downloads.
The website of OPay receives about 580 thousand visits a month and ranks #112,705 among all websites worldwide.