African Payment Startup OPay Raising $400 Million to Fuel Expansion

According to, OPay, an African digital payment upstart is in talks with investors to raise as much as $400 million at a valuation of more than $1.5 billion, three times its most recent valuation.

OPay is a one-stop mobile-based platform for payment, transportation, food & grocery delivery, and other important services in  everyday life. Millions of users rely on OPay everyday to send and receive money, pay bills, and order food and groceries.

OPay which was founded in 2018 in Nigeria and according to, the firm is founded by the Chinese tech billionaire who once owned Grindr and he is looking for more funds to expand.

Over 60% of people in Africa remain unbanked and can’t access the most basic financial services to invest in their education and businesses, which limits their full potential.

With a passionate team, sophisticated mobile platform, and a fast-growing community of users, OPay is making financial services more efficient for millions of users and it starts with the ability to pay and have access to the right opportunities at the right time.

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