OPay
Beyond banking — empowering financial inclusion across emerging markets
What it does
OPay was launched in 2018 by Yahui Zhou (via Opera Software) to provide digital banking and instant payment solutions across Nigeria. The platform operates a high-volume consumer banking app, debit card distribution, and an extensive physical agent banking network. Holding a Central Bank of Nigeria Mobile Money License, OPay became one of Africa's most prominent fintech unicorns.
Digital wallets / e-walletsP2P transfersPOS / mPOS solutionsAgency bankingBill payments & aggregatorsConsumer / retail lendingSavings & thrift platforms
Known for
- Unicorn-status consumer payment super-app
- High-speed free peer-to-peer transfers
- Massive agent banking physical network
- High-yield daily savings products
Model & industry
Marketplace / Aggregator modelEmbedded FinanceAll / Cross-industry
Funding history
$570.0M
Total raised
3
Rounds
Series C
Latest stage
2021
Latest year
| Date | Stage | Amount | Lead investor |
|---|---|---|---|
| 2021-08 | Series C | $400.0M | SoftBank Vision Fund 2 |
| 2019-07 | Series A | $50.0M | IDG Capital |
| 2019-11 | Series B | $120.0M | Meituan |
Source: Condia Funding Tracker
Products & subsidiaries
OPay Consumer App · Neobank AppOWealth · Savings & Micro-InvestmentOPay Merchant POS · POS Terminal Acquiring
Acquisitions
- Finja (2023). Pakistani fintech entity acquired for Asian cross-border expansion.