OPay - About the company
OPay is a series C company based in Lagos (Nigeria), founded in 2018 by Yahui Zhou. It operates as a Provider of financial services including transfers, bill payments, and debit cards. OPay has raised $570M in funding from investors like Meituan, Source Code Capital and IDG Capital, with a current valuation of $2.7B. The company has 4 active competitors, including 1 that is funded. Its top competitors include companies like MyInfinityCard, Utifi Finance and ePay.
Sectors and market segments that OPay operate in
OPay serves in the FinTech market segments.The primary business model of OPay is:Company Details
Provider of financial services including transfers, bill payments, and debit cards. It facilitates account funding and transfers to other bank accounts. The company offers debit cards for payments at ATMs, POS systems, and online platforms. It also provides a service that allows users to earn daily interest.
- Website
- opayweb.com
- Social
- Email ID
- *****@opay-inc.com
- Phone Number
- +234 **********
- Registered Address
- 19 CHEETHAM HILL ROAD,MANCHESTER,ENGLAND,M4 4FY
Key Metrics
Founded Year
2018
Location
Lagos, Nigeria
Stage
Series C
Total Funding
$570M in 3 rounds
Latest Funding Round
Post Money Valuation
$2.7B as on Apr 30, 2024
Ranked
1st among 4 active competitors
Employee Count
4,374 as on Apr 30, 2026
Investment & Acquisitions
Legal entities associated with OPay
OPay is associated with 1 legal entity given below:
Legal Entity Name | Date of Incorporation | Revenue | Latest Employee Count | Documents |
|---|---|---|---|---|
OPAY DIGITAL SERVICES LIMITED CIN: 12223406 , United Kingdom, Active | Sep 23, 2019 | - | - |
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OPay's funding and investors
OPay has raised a total funding of $570M over 3 rounds. Its first funding round was on Jul 10, 2019. Its latest funding round was a Series C round on Aug 23, 2021 for $400M. 7 investors participated in its latest round. OPay has 18 institutional investors.
Here is the list of recent funding rounds of OPay:
Date of Funding | Funding Amount | Round Name | Post-Money Valuation | Revenue Multiple | Lead Investors | Other Investors |
|---|---|---|---|---|---|---|
Aug 23, 2021 | $400M | Series C | $2B | - | ||
Nov 18, 2019 | $120M | Series B | $1B | - | ||
Jul 10, 2019 | $50M | Series A | - | - |
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OPay's founders and board of directors
Founder? Claim ProfileThe founders of OPay is Yahui Zhou.
Here are the details of OPay's key team members:
- Yahui Zhou: Founder of OPay. Contact Info: 1 email address
View details of OPay's Founder profiles and Board Members
OPay's employee count trend
OPay has 4,374 employees as of Apr 26. Here is OPay's employee count trend over the years:
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OPay's Competitors and alternates
Top competitors of OPay include MyInfinityCard, Utifi Finance and ePay. Here is the list of Top 10 competitors of OPay, ranked by Tracxn score:
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Rank | Company Details | Short Description | Total Funding | Investors | Tracxn Score |
|---|---|---|---|---|---|
1st | Provider of financial services including transfers, bill payments, and debit cards | $570M | 72/100 | ||
2nd | _1574332677648.png?devicePixelRatio=2&height=30&width=30){kind=logo} MyInfinityCard 2015, Ikeja (Nigeria), Unfunded | Prepaid card provider | - | - | 26/100 |
3rd | Utifi Finance 2022, Abuja (Nigeria), Unfunded | Platform providing relodable prepaid virtual cards for online bill payments | - | - | 18/100 |
4th | GPR card | - | - | 16/100 | |
5th | Virtual debit card enables users to send, and receive money, recharge airtime and pay for cable bills | - | - | 15/100 | |
6th | Nigeria-based, Visa prepaid card | - | - | 15/100 | |
7th | E-piggy Nigeria 2009, Lekki (Nigeria), Deadpooled | Virtual piggy with linked card | - | - | 14/100 |
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OPay's Investments and acquisitions
OPay has acquired Finja. OPay has not made any investments as of now.Reports related to OPay
Here is the latest report on OPay's sector:
News related to OPay
Filter this listMedia has covered OPay for a total of 7 events in the last 1 year, 3 of them have been about people movement and 1 about company updates.
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Fintech OPay Strengthens Nigeria Expansion with New Jos Operations HubInvestors King•Mar 30, 2026•OPay
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Gamble Aware Nigeria slams fintech apps linked to gambling productsiGaming Business•Sep 24, 2025•PalmPay, OPay
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Moniepoint, OPay Hit Hard As CBN Clamps Down On Nigeria’s Fintech SectorInvestors King•Dec 11, 2024•Moniepoint, OPay
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FAQs about OPay
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