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OPay offers a comprehensive financial technology platform with digital banking and payment solutions. Its core capabilities include swift account opening, instant transfers, and bill payments. The platform also features airtime/data top-ups with cashback, instant debit cards, and OWealth, an interest-bearing savings product, establishing a versatile digital financial ecosystem.
OPay launched in Nigeria in 2018, from Zhou Yahui's Opera. Its inception addressed critical gaps in financial inclusion and transactional efficiency in emerging markets. Leveraging an existing mobile money platform, OPay expanded access to digital payments, consolidating various financial activities into one accessible application.
OPay serves individual users and a network of agents, aiming to democratize financial services. It offers an accessible alternative to traditional banking. The company’s vision centers on fostering a cash-lite economy and enabling seamless digital transactions, striving to provide secure, easy, and affordable financial solutions to a broad populace.
OPay has raised $570.0M across 4 funding rounds.
OPay has raised $570.0M in total across 4 funding rounds.
OPay is valued at approximately $20.0M.
OPay offers a comprehensive financial technology platform with digital banking and payment solutions. Its core capabilities include swift account opening, instant transfers, and bill payments. The platform also features airtime/data top-ups with cashback, instant debit cards, and OWealth, an interest-bearing savings product, establishing a versatile digital financial ecosystem.
OPay launched in Nigeria in 2018, from Zhou Yahui's Opera. Its inception addressed critical gaps in financial inclusion and transactional efficiency in emerging markets. Leveraging an existing mobile money platform, OPay expanded access to digital payments, consolidating various financial activities into one accessible application.
OPay serves individual users and a network of agents, aiming to democratize financial services. It offers an accessible alternative to traditional banking. The company’s vision centers on fostering a cash-lite economy and enabling seamless digital transactions, striving to provide secure, easy, and affordable financial solutions to a broad populace.
OPay has raised $570.0M in total across 4 funding rounds.
OPay is valued at approximately $20.0M.
OPay's investors include Kentaro Matsui, 3W Capital, DragonBall Capital, Hongshan Capital Group (Sequoia Capital China), Redpoint China, SoftBank Ventures Asia, Source Code Capital, IDG Capital, Zheng Qingsheng, BAI Capital, Gaorong Capital, GSR Ventures.
OPay has raised $570.0M across 4 funding rounds. Most recently, it raised $400.0M Series C in August 2021.
| Date | Round | Lead Investors | Other Investors |
|---|---|---|---|
| Aug 23, 2021 | $400.0M Series C | Kentaro Matsui | 3W Capital, DragonBall Capital, Hongshan Capital Group (Sequoia Capital China), Redpoint China, SoftBank Ventures Asia, Source Code Capital |
| Aug 1, 2021 | OPay Valuation 2021-08-01 | Hongshan Capital Group (Sequoia Capital China), IDG Capital, Source Code Capital, Zheng Qingsheng | |
| Nov 17, 2019 | $120.0M Series B | BAI Capital, Gaorong Capital, GSR Ventures, Hongshan Capital Group (Sequoia Capital China), IDG Capital, Meituan, Redpoint Ventures, SoftBank Ventures Asia, Source Code Capital | |
| Jul 9, 2019 | $50.0M Other Equity | Zheng Qingsheng, IDG Capital, Source Code Capital | Yahui Zhou |