OPay Valuation Hits $3B Ahead of IPO
Hey Payments Fanatic!
OPay, the Nigerian FinTech super app, has an IPO in view, and an early backer suggests that the valuation is at $3 billion.
The Nigerian company now boasts over 50 million users, 10 million daily actives, and $12 billion in monthly transaction volume.
The Norwegian browser group, Opera, which incubated OPay, has raised the implied valuation of the Nigerian FinTech heavyweight to about USD 3.1 billion, according to a securities filing, and assigned an 85% probability to an initial public offering within the next two years.
“The fair value of the OPay investment is highly uncertain and may result in material volatility in our results of operations,” the company said in the filing.
Effective April 1, 2026, the Central Bank of Nigeria has restricted point-of-sale agents to work with only one financial institution, a change analysts say could benefit larger, more stable platforms like OPay over smaller rivals.
OPay's trajectory underscores cross-border investor bets paying off. Opera now ties 26% of its equity to this stake, while regulatory tailwinds could squeeze smaller rivals, reshaping payments competition.
Stay tuned as this could catalyze the next wave of African FinTech exits.
Discover the rest of the Payment´s big shifts below. See you tomorrow!
Cheers,
INSIGHTS
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NEWS
🇳🇬 Opera has valued OPay at around $3.1 billion, reflecting strong growth and assigning an 85% probability to an IPO within the next two years. The updated valuation highlights OPay’s expanding scale in Nigeria, with tens of millions of users and significant transaction volumes.
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🇿🇦 Bybit Pay expands to South Africa with MoneyBadger, enabling nationwide crypto QR payments. The integration leverages existing QR and pay link infrastructure, allowing retailers to receive settlement in South African rand through their current payment systems without needing to hold cryptocurrency or add new payment integrations.
🇺🇸 OnePay and Tempo partner to help shape the next generation of stablecoin-powered payments. The partnership's early efforts will center on areas like stablecoin payouts and instant account funding for OnePay's banking product. OnePay also plans to launch a validator on Tempo.
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