OPay logo — Nigeria’s leading fintech, trusted by tens of millions for s...

OPay

Nigeria’s leading fintech, trusted by tens of millions for secure payments, savings & more. Built for you. 💚

Founded 2018 Nigeria Lagos, Nigeria 4413 employees Series C Total: $570.00M Financial Services, Fintech +2

General Information

Company Name OPay
Founded Year 2018
Location Nigeria Lagos, Nigeria
Founders / Decision Makers
Team member
Employees 4413
Industries Financial Services, Fintech, Mobile +1
Funding Stage Series C
Business Model B2C, B2B, Embedded Finance
Revenue Model Transaction Fee, Service Fee, Commission
Social

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Recorded by Bounce Watch from public sources. Every entry below carries the date we observed it, and when we have not looked recently the page says so rather than leaving silence to imply nothing happened.

In The News Oct 12, 2026

Featured on Thenextweb: Nigerian fintech OPay files for New York IPO, Semafor reports

About OPay

OPay is emerging as Nigeria’s premier fintech company, distinguished by its commitment to providing a comprehensive suite of financial services. Since its inception in 2018, OPay has positioned itself as a leading player in the categories of Financial Services, Fintech, Mobile, and Payments.

With a slogan emphasizing trust and secure transactions for millions, OPay champions the mantra of doing more with ease. It's renowned for rapid, fee-free transfers and guaranteeing 100% network uptime. Value-added services like cashback on data and airtime reassure its customers of a holistic experience, beyond traditional banking.

The startup attracted significant investment attention, successfully concluding a sizeable $400.00M Series C round on 01 August 2021. This funding round was bolstered by notable investors, including Source Code Capital, SoftBank Capital, SoftBank, 3W Capital, SBVA, Redpoint, HongShan, Dragonball Capital, and the Vision Fund. As OPay advances, its strategic growth potential lies in leveraging its vast market presence and fintech expertise, offering promising returns for future investors.

Business keywords: Secure Payments, Mobile Payments, Digital Wallet, Cashback Rewards, Bill Payments, Savings Platform, Food Delivery, Grocery Delivery, Consumer Platform, Transportation Services, Smart Financial Services, Mobile-Based Platform, Money Transfers

Services & Products

Instant Transfers
Debit Card Provision
Airtime/Data Top-up
Bill Payments
OWealth Investment Product
Customer Service

Target Customers

Individuals Businesses Agents Microfinance Customers

Funding Rounds & Investors (4)

View All
Funding Stage Amount Investors Lead Investors Date
Series C $400.00M 9
Source Code Capital, SoftBank Capital +7
01 Aug 2021
Series B $120.00M 8
GSR Ventures, Source Code Capital +6
01 Nov 2019
Series A $50.00M 6
GSR Ventures, Source Code Capital +4
01 Jul 2019
Corporate Spinout Undisclosed 1
Opera
01 Aug 2018

OPay Alternatives & Competitors

OPay vs
SwyChr Global
SwyChr Global United Kingdom

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OPay vs
Paycell
Paycell Turkey

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OPay vs

Criando soluções financeiras que ainda não existem.

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Financial Services, Fintech

FAQ About OPay

Nigeria’s leading fintech, trusted by tens of millions for secure payments, savings & more. Built for you. 💚
OPay was founded in 2018.
OPay is headquartered in Lagos, Nigeria.
OPay operates in Financial Services, Fintech, Mobile and Payments. Its work centres on Secure Payments, Mobile Payments, Digital Wallet and Cashback Rewards. Its customers include Individuals, Businesses and Agents.
OPay has a B2C, B2B and Embedded Finance business model. Its revenue comes from Transaction Fee, Service Fee and Commission.
OPay has approximately 4413 employees.
OPay has completed 4 funding rounds, raising a total of $570.00M. The latest funding stage is Series C.
OPay offers: Instant Transfers, Debit Card Provision, Airtime/Data Top-up, Bill Payments, OWealth Investment Product, Customer Service.
Top alternatives and competitors to OPay include SwyChr Global, Paycell, Z.ro Bank, Boundlesspay (Adaverse ‘23), E9pay. These companies operate in related industries and serve comparable markets. You can compare them side by side on Bounce Watch.
OPay and SwyChr Global are both companies in similar industries. Compare their funding, team size, growth signals, and market position on Bounce Watch to see which one fits your needs.

Source: BounceWatch company record for OPay, https://bouncewatch.com/company/opay, updated 20 May 2026. When citing, please name BounceWatch and link this page.

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