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OPay

OPay

Private

Last Round

Series C

Aug 23, 2021

Est. Valuation

$2B

Total Funding Raised

$570M

Company Overview

OPay is a fintech company that provides a digital payment platform enabling users to send and receive money, pay bills, and access financial services such as savings and loans.

Sector

FinTech

Verticals

Digital Payments, Digital Banking, Digital Wallets, Point-of-Sale, Lending & Credit

Business Model

B2B2C

Customer Profile

Payment Processing Fee, Revenue Share, Usage-Based SaaS, Subscription SaaS

AI Layer

Application

Keywords

digital walletmobile bankingmobile moneyagent bankingpeer-to-peer transferneobankfintechpayment processingmerchant servicesPOSpoint-of-salefinancial inclusionknow your customerKYCmicro-lending

Historical Pricing

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Caplight Momentum Score

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OPay Comparables

Compare OPay with similar companies based on industry and business-model similarity.

OPay comparables — related companies by embedding similarity
CompanySimilarityMarket Cap
PalmPay
92%
Moniepoint
85%
Kuda
84%

OPay Funding Rounds

Historical fundraising activity

Data table
RoundDateAmount RaisedValuationInvestorsSources
Series CAug 23, 2021
Series BNov 18, 2019
Series AJul 10, 2019

Key People

Founding team and executive leadership

Lars Boilesen

Co - Chief Executive Officer

Executive Team

Abu Yahaya

VP, Chief Technology Officer Chief Partnerships Officer (Pan-Africa)

Executive Team

James Perry

Chief Financial Officer

Executive Team

Dotun Daniel Adekunle

Chief Operating Officer Chief Technology Officer

Executive Team

OPay Investors

Notable investors and investment history

OPay investors
InvestorRounds
CDH InvestmentsSeries B
SoftBank Investment AdvisersSeries C
IDG CapitalSeries A, Series B
BAISeries B
SoftBank GroupSeries C
GSR VenturesSeries A, Series B
SBVASeries C, Series B

Market signals

Structured signals derived from secondary market and firmographic data.

  • Aug 23, 2021

    $400M round led by SoftBank Group

OPay Filings

Explore SEC and related filing metadata, where available.

OPay filings preview — column headings only; records require access
TypeDateAmount OfferedAmount SoldFilingPagesDownload

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Firmographic Details

HeadquartersLagos
Employee Range1,606
Year Founded2018
Last FundingAug 23, 2021

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