OPay is an Africa-focused mobile payments startup that is designed to make financial services more accessible to everyday customers –– whether it’s for the bills they have to pay, or the transfer & withdrawal of money.

OPay delivers on the promise of financial inclusion in Africa today to safely connect people with the places, opportunities, and experiences that they truly care about.

 OPay was founded in 2018 by Opera and is based in Alausa, Ikeja., Lagos with additional offices in Beijing & Gothenburg.

 

OPay is a one-stop mobile-based platform for payment, transportation, food & grocery delivery, and other important services in your everyday life. Millions of users rely on OPay everyday to send and receive money, pay bills, and order food and groceries.

 

OPay is making financial services more efficient for millions of users and it starts with the ability to pay and have access to the right opportunities at the right time.

 

OPay’s monthly transactions grew 4.5x to over $2 billion in December last year. OPay also claims to process about 80% of bank transfers among mobile money operators in Nigeria and 20% of the country’s nonmerchant point of sales transactions.

 

OPay is backed by Sequoia China, SoftBank Vision Fund 2, IDG Capital, Source Code Capital, Meituan-Dianping, Opera, GSR Ventures, Softbank Asia and others. The company raised $400M in a new round on Aug 23, 2021. This brings OPay's total funding to $570M to date. The new round mints OPay a unicorn with a valuation of $2B post-money.

 

 

  • Year founded: 2018
  • Funding Info: $570M over 3 Rounds (Latest Funding Type: Series C)
  • Yearly Revenue: NA
  • Employee Size: 201-500
  • Business Valuation: Valued at $2B as of August 23, 2021
  • City/Town: Alausa
  • State: Lagos
  • Country: Nigeria
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