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opayweb.com

Founded Year

2018

Stage

Series C | Alive

Total Raised

$570M

Valuation

$0000 

Last Raised

$400M | 10 mos ago

Mosaic Score

+10 points in the past 30 days

What is a Mosaic Score?
The Mosaic Score is an algorithm that measures the overall financial health and market potential of private companies.

About Opay

OPay is a one-stop mobile-based platform for payment, transportation, food and grocery delivery, and other important services in everyday life.

Opay Headquarter Location

Alexander House, Otunba Jobi Fele Way. Ikeja.

Lagos,

Nigeria

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Expert Collections containing Opay

Expert Collections are analyst-curated lists that highlight the companies you need to know in the most important technology spaces.

Opay is included in 4 Expert Collections, including Unicorns- Billion Dollar Startups.

U

Unicorns- Billion Dollar Startups

1,163 items

P

Payments

2,305 items

Companies and startups in this collection enable consumers, businesses, and governments to pay each other - online and at the physical point-of-sale.

F

Fintech

3,330 items

Excludes US-based companies

F

Fintech 250

500 items

250 of the top fintech companies transforming financial services

Latest Opay News

Mastercard Partners With OPay To Grow Cashless Ecosystem And Promote Financial Inclusion

May 23, 2022

Mastercard Partners With OPay To Grow Cashless Ecosystem And Promote Financial Inclusion Mastercard and fintech giant OPay have announced a strategic partnership, which marks a significant boost for wider financial inclusion and economic prosperity by opening up digital commerce to millions of people across Middle East and Africa. The collaboration enables OPay consumers and merchants in the region – including Algeria, Morocco, Egypt, Nigeria, Ethiopia, Kenya, Pakistan, South Africa and the UAE – to engage with brands and businesses anywhere across the globe, thanks to a Mastercard virtual payment solution linked to the OPay eWallet. This partnership is the latest milestone in Mastercard’s emerging market strategy where the technology company is collaborating with growing Fintech’s such as OPay to expand access to digital payments, enable multiple lifestyle services, create new pathways to financial inclusion and support the next generation of super-apps. Consumers are increasingly looking for seamless user experiences on a single platform offering easier interactions to complete various day-to-day needs, including sending and receiving money, ordering food and groceries, organizing transport, lending, investing and listing items they wish to sell. In the initial phase of this partnership, OPay customers will benefit from the Mastercard virtual payment solution linked to their OPay wallets, to shop at well-known global brands for leisure, travel, accommodation, entertainment, streaming services and more. The service is available regardless of whether or not the customer has a bank account. It also allows small business owners to purchase from suppliers abroad and pay with the secure virtual payment solution. Amnah Ajmal, Executive Vice President for Market Development, Mastercard EEMEA, said: “At Mastercard, our innovation strategy is rooted in partnerships to support inclusion at scale. Our partnership with OPay demonstrates our commitment to supporting payments providers across the world to create an interconnected global payments ecosystem that benefits an array of consumers with unique needs.” Yahui Zhou, CEO of OPay, said: “As the leading fintech in the Middle East and Africa, we are delighted to be partnering with Mastercard as we continue on our journey to promote financial inclusion, helping to open up the global economy to more consumers and businesses across Middle East, and Africa.” Since its operations started in 2018, OPay’s active users have grown to 15 million in dozens of markets in which it operates. The company processes millions of transactions per day on average. In Nigeria alone, where OPay takes significant market share, users have saved billions of US dollars in the last four years through credit-linked savings accounts from their mobile wallets and small loans from lenders that use its platform. Plans are in place to launch OPay services in other markets in the next three to five years, significantly driving the growth of digital inclusion and digital commerce, while at the same time widening OPay customer inclusion into the global economy. Mastercard has made a worldwide commitment to financial inclusion, pledging to bring 1 billion people and 50 million micro and small businesses – with a focus on 25 million women entrepreneurs – into the digital economy by 2025.

Opay Web Traffic

Rank
Page Views per User (PVPU)
Page Views per Million (PVPM)
Reach per Million (RPM)
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Opay Rank

  • When was Opay founded?

    Opay was founded in 2018.

  • Where is Opay's headquarters?

    Opay's headquarters is located at Alexander House, Otunba Jobi Fele Way. Ikeja., Lagos.

  • What is Opay's latest funding round?

    Opay's latest funding round is Series C.

  • How much did Opay raise?

    Opay raised a total of $570M.

  • Who are the investors of Opay?

    Investors of Opay include Source Code Capital, Sequoia Capital China, Redpoint Ventures China, Longzhu Capital, Softbank Ventures Asia and 10 more.

  • Who are Opay's competitors?

    Competitors of Opay include Paga, Interswitch, Stax, Flutterwave, Chipper Cash and 7 more.

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