OPay

Active#2 in Nigeria

Mobile money and wallet

Fintech›mobile money and wallet

Founded2018

HQLagos

RaisedUSD ~570M

Last roundSeries C · Aug 2021

Country of originNigeriaListed in the Nigeria ranking

Where would you invest?Operations in Lagos; offshore holding not verifiedJurisdiction as cited by the ranking

Uback rankings

How the AI ranks →

Ranking	Tier	Rank	Edition	Next update
Nigeria · all sectors	Top 15	#2	Edition 0 – beta · October 2026	8 Oct 2026
Mobile wallets · worldwide	Top 11	#6	Edition 0 (beta) · Sep 2026	25 Mar 2027

Rank historySep 2026 · #6 Mobile walletsOct 2026 · #2 Nigeria

Estimated valuation

AI · Nigeria ranking

≈ USD 2.1bnUSD 1.4–3.1bn · Unicorn Medium confidence

Hundreds of k$

Millions $

Tens of M$

Hundreds of M$

Unicorn

Decacorn

Anchor: Last known equity round: Series C · USD 400M · Aug 2021
Published valuation: USD 2bn · Aug 2021 · older than 24 months, shown for reference
AI adjustment: None

In the Mobile wallets ranking (worldwide): ≈ USD 3.5bn · USD 2.3–5.2bn · Unicorn · Medium confidence.

An indicative editorial estimate produced by AI, imperfect by nature: neither a financial valuation nor investment advice. Only the market sets a company’s value. Method

Funding history

USD ~570M raised in total

Date	Round	Amount	Type	Investors	Source
Aug 2021	Series C	USD 400M	Equity	SoftBank Vision Fund 2	fintechfutures.com
2021	Series C	USD 400M	Equity	SoftBank Vision Fund, Sequoia Capital	thepaypers.com

Rounds as cited by Uback’s rankings and their sources. Equity, debt and grants are shown separately; only equity rounds count towards the valuation anchor.

Independent analyses

By industry professionals & analysts

Industry professionals and financial analysts can publish their own analysis of OPay as a PDF, on one of three angles only:

ValuationWhat is OPay worth?

Versus competitorsIs #2 the right rank?

Who should acquire itStrategic buyers, and why

Publish an analysisName, role and LinkedIn shown · public sources only

Analyses are the opinion of their authors, not of Uback. They are checked before publication and never change the rank.

Invest

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Nigeria poolBelow threshold

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What the AI reads

Press & investor announcements3 sources

Read by the AI at the next edition.

Comparable companies in Nigeria

Full Nigeria ranking →

Flutterwave#1Fintech › payment gateway and cross-border paymentsUnicorn Moniepoint#3Fintech › SME and agent bankingUnicorn Interswitch#4Fintech › payment switching and cardsHundreds of M$PalmPay#5Fintech › mobile money and walletHundreds of M$

Investors in OPay: SoftBank Vision Fund · Sequoia Capital

Sources. fintechfutures.com · thepaypers.com · pymnts.com

Last updated: Oct 2026Report an error

Uback is a content publisher. It provides no investment advice, receives no mandate and takes part in no transaction. Rankings, ranges and brackets are editorial estimates produced by AI, purely indicative.