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OPay

Operating

OPay empowers users and enables them to accomplish more with their money by providing smart financial services.

Updated Source: SLA Startup IndexHow we verify →
Total raised
$570M
disclosed
Last round
$400M
Series C
Rounds
3
since 2018
Investors
13
on record
Employees
201-500

About OPay

OPay 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's a platform that truly serves its users in the most convenient way.

OPay funding3 rounds

All 3 rounds →

OPay has raised $570M across 3 disclosed rounds. The latest is a $400M Series C announced 23 Aug 2021, led by SoftBank Vision Fund.

Capital growthrunning total of disclosed rounds
  1. $50MSeries ASeries A, $50M, $50M raised to date
  2. $120MSeries BSeries B, $120M, $170M raised to date
  3. $400MSeries CSeries C, $400M, $570M raised to date

SLA Funding Index · grey is capital raised before each round

AnnouncedRoundLead · investorsAmount
23 Aug 2021OPay Series CSoftBank Vision Fund +6$400M
18 Nov 2019OPay Series BGSR Ventures +7$120M
09 Jul 2019OPay Series AIDG Capital +5$50M

OPay founders & team

Full team →

OPay competitorssame sector · similar funding

  • XChange BOX

    Xchange Box provides a platform for agro commodities financing and Rural MSMEs payments and access to finance. · Nigeria

  • Vittas

    Vittas is a health‑focused fintech startup providing credit infrastructure for businesses in Africa’s healthcare ecosystem. · Nigeria

  • Shago Payments

    Shago Payments is a FinTech retailing financial and digital products and services to create a localized marketplace experience through technology. · Nigeria

  • Cotrust Equity

    Cotrust Equity harnesses KYC of target audience to provide unique credit plans to banked and unbanked Micro Traders in sub-Saharan Africa. · Nigeria

  • Midddleman

    Helping African businesses buy from Asia—secure payments, sourcing, and shipping in one place. · Nigeria

  • PesaApps

    PesaApps enables local micro, small and medium size businesses to track their transactions safely and securely. · Nigeria

All 213 Financial Services startups in Nigeria

Frequently asked about OPay

Where is OPay based and when was it founded?
OPay is headquartered in Ikeja, Nigeria and was founded in 2018.
How much funding has OPay raised?
OPay has raised $570M across 3 disclosed rounds. Its latest, a $400M Series C, was announced on Aug 23, 2021.
Who has invested in OPay?
Backers include Source Code Capital, SoftBank Vision Fund, Softbank Ventures Asia, Sequoia Capital China and 9 others.
What sector is OPay in?
OPay operates in Financial Services, FinTech and Mobile Payments.