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
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Sectors
Financial Services
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Email
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Phone
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Website
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Social
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- Legal Name Opay Digital Services Limited
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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.
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.
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.
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Venture capital investments in technology and startups.
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Redpoint Ventures is engaged in venture capital investments.
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Tech-driven startups are invested in by Source Code Capital.
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Investor details for OPay
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Investments & Acquisitions by OPay
OPay has strategically engaged in corporate development activities, having acquired 1 company. Notable acquisitions include Finja.
Investment portfolio details for OPay
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- Portfolio identities
- Transaction dates
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Financial services are provided for MSMEs, investors, and businesses.
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Complete acquisition details for OPay
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Financial Statements - OPay
Detailed financials for OPay
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Opay Comparisons
Peer comparison for OPay
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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.
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Digital payments, financial services, and e-commerce platforms are provided.
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Cross-border payments are enabled via wallet solutions for consumers.
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DeFi savings are enabled for credit unions and cooperatives.
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Provider of a health insurance platform for global insurers
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An app-based digital wallet providing payment solutions for individuals and businesses.
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Detailed competitors of OPay
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Latest news on Opay
Complete news archive for OPay
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- Older coverage
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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.
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.