OPay is an Africa-focused one-stop mobile platform for payment, transportation, food and grocery delivery, and other daily life services. Incubated by Opera, one of the leading browsers in Africa, users rely on OPay to send and receive money, pay bills, and order food and groceries everyday. Recently, OPay has expanded its ecosystem to new verticals, including the motorbike ridesharing service ORide, and food delivery service OFood.
OPay believes everyone should be able to enjoy modern finance and world economic inclusion, without regard for physical borders, social status, or personal background. With a passionate team, sophisticated mobile platform, and a fast-growing community of users, OPay is making financial services more efficient for Africa.
OPay believes everyone should be able to enjoy modern finance and world economic inclusion, without regard for physical borders, social status, or personal background. With a passionate team, sophisticated mobile platform, and a fast-growing community of users, OPay is making financial services more efficient for Africa.
Total raised: $570M
Investors 3
Funding Rounds 3
| Date | Series | Amount | Investors |
| 23.08.2021 | - | $400M | - |
| 19.11.2019 | Series B | $120M | - |
| 09.07.2019 | - | $50M | - |
Mentions in press and media 25
| Date | Title | Description |
| 24.08.2021 | Africa-focused payment firm OPay raises $400 million in funding round led by SoftBank | Other investors in the funding round include Sequoia Capital China, Source Code Capital, Meituan-backed fund Long-Z, Redpoint China and 3W Capital, OPay said in a statement on Monday. OPay, which has notched up 160 million active users in A... |
| 24.08.2021 | Africa-focused payment firm OPay raises $400 mln in funding round led by SoftBank | August 24, 20218:24 AM UTCLast Updated ago TechnologyAfrica-focused payment firm OPay raises $400 mln in funding round led by SoftBank Reuters 1 minute read BEIJING, Aug 24 (Reuters) - OPay, an Africa-focused digital payment startup founded... |
| 24.08.2021 | SoftBank leads $400M round for OPay | OPay has raised a $400 million round led by SoftBank's Vision Fund 2 at a valuation of $2 billion, Bloomberg reported. Other investors including Sequoia China, Redpoint China, Source Code Capital and SoftBank Ventures Asia also backed the A... |
| 23.08.2021 | Mobile payments company OPay raises $400M Series C | Opay, a Nigerian mobile payments and consumer platform announced raising a $400 million Series C led by SoftBank’s Vision Fund 2, according to Bloomberg. The company says it will use the funding, SoftBank’s first investment in an African st... |
| 27.01.2020 | The race to dethrone cash in Africa is on | Share this: Click to share on Twitter (Opens in new window)Click to share on LinkedIn (Opens in new window)Click to share on Facebook (Opens in new window)Click to share on WhatsApp (Opens in new window)Click to share on Skype (Opens in new... |
| 03.01.2020 | African Startups that Received Funding above $20Million in 2019 | Capital is the power nerve and brain box of every venture. It determines the lifespan of the venture and helps the business scale its market power to compete favorably with other startups in the market. In this piece, we take a cursory look... |
| 31.12.2019 | 2019: The big year of tech investment in Africa | Share this: Click to share on Twitter (Opens in new window)Click to share on LinkedIn (Opens in new window)Click to share on Facebook (Opens in new window)Click to share on WhatsApp (Opens in new window)Click to share on Skype (Opens in new... |
| 04.12.2019 | Lessons from M-Pesa for Africa’s new VC-rich fintech startups | In African fintech, the fourth quarter of 2019 brought big money to new entrants. Chinese investors put $220 million into OPay and PalmPay — two fledgling startups with plans to scale in Nigeria and the broader continent. Several sources to... |
| 20.11.2019 | OPay Launches OCar to Compete with Other Ride-hailing Services in Nigeria | OPay has launched OCar after halting its on-demand bus e-hailing subsidiary and raising a $120m Series B fund. OCar will be available in Lagos, Owerri, Port Harcourt, Abuja, Benin, Kaduna, Abeokuta and Ibadan, Nigeria. The Day we've all bee... |
| 18.11.2019 | African Fintech Startup OPay Raises $120M Series B In Its Second Funding Round of 2019 | 26 Shares Email Facebook Twitter LinkedIn Note: This story was updated post-publication to correct information regarding its number of founds, and amount raised this year. Nigerian payment and ride-hailing app OPay announced this morning it... |
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