How much is OPay worth?

As of early 2026, OPay's valuation is estimated to be approximately $2.75 billion. This valuation is based on 2024–2025 data, reflecting its position as one of Africa's most valuable fintech unicorns following a 2021 funding round led by SoftBank and continued growth, despite a broader slowdown in venture funding.

How much is the worth of OPay?

In less than three years, OPay has gone from a curious startup known for its motorcycles in Lagos, Nigeria, to a financial services company worth $2 billion.

Who are the owners of OPay?

OPay in Nigeria is owned by Zhou Yahui, a Chinese billionaire and the chairman of Opera Software, which is OPay's parent company. He is also the founder of Kunlun Tech Co. Ltd., another of his companies.

Is OPay the richest bank in Nigeria?

Biggest bank in Nigeria is Opay a Chinese bank, with 50 million users, N9 trillion in transactions monthly, N230 billion per day.

Is OPay profitable?

After the 2021 SoftBank-led round it was valued at $2 billion; by April 2024, Opera's filings valued OPay at about $2.75 billion. This is 5× higher than its implied valuation in 2018–2019, and reflects a revenue-positive operation (OPay achieved its first monthly profit in 2024) with massive scale.

How to do more than 100k with your Opay POS.

Who funded OPay?

The Nigerian start-up says the new investment takes its valuation up to $2 billion. Mobile payment fintech OPay has secured $400 million in a Series C funding round led by SoftBank's Vision Fund 2.

What business can 300k start in Nigeria?

Phone Accessories Business Startup cost: ₦150k – ₦300k Sell chargers, earbuds, screen guards, phone cases, USB cords very high demand. 4. Baking / Small Catering Business Startup cost: ₦50k – ₦300k Cakes, small chops, doughnuts, meat pies. Weddings, birthdays, offices all need this.

What are the 5 richest banks in Nigeria?

In total, the five largest banks, Access Bank, Zenith Bank, GTB, UBA, and First Bank, hold assets worth over ₦146 trillion, underlining their market dominance. With a capital adequacy level of 12.3% and a liquidity level of 41.6%, the sector portrays high financial strength and stability.

Who brings OPay to Nigeria?

Meet the Owner of OPay in Nigeria OPay, one of Nigeria's leading fintech platforms, is owned by Chinese billionaire Zhou Yahui. He is the chairman of Opera Software, the parent company of OPay. Originally founded as Paycom Nigeria Limited in 2013, OPay was rebranded after Opera acquired it.

Which bank is owned by Otedola?

Otedola currently owns 17.01 percent of First Bank — its single largest shareholder since it was established in 1894. His first big break as a businessman was in the energy sector when he set up Zenon Oil, a diesel marketing company, in 2003.

Who is the richest CEO in Nigeria?

Below is a comprehensive list of the top 10 highest- paid employees/CEOs in Nigeria. 1. Ebenezer Onyeagwu / Zenith Bank Ebenezer Onyeagwu of Zenith Bank emerged as the highest-paid CEO with a basic salary of ₦2.17bn. In 2022, he was earning ₦258m and his salary took a 660% leap to the present amount.

How many countries use OPay?

About us. OPay is a leading and fast growing fintech company focused in the Middle East and Africa region. Currently, OPay is operating in Egypt, Nigeria and Pakistan, processing tens of millions of transactions daily.

Why did OPay CEO resign?

A clash of vision between the former banker and the rest of the company's leadership led to Akanmu's departure, one person with knowledge of Opay's business told TechCabal. “The Chinese cared about numbers much more than the brand's perception,” that person told TechCabal.

Is OPay good or bad?

OPay is Nigeria's trusted financial services platform, offering secure, fast, reliable, and affordable solutions for all payment needs. With OPay, you can: Send and receive money instantly with seamless transfers and a 100% success rate.

How much does OPay charge for $10,000?

On Saturday, OPay communicated to its valued customers: “Dear valued customers, please be informed that starting September 9, 2024, a one-time fee of N50 will be applied for electronic transfer of N10,000 and above paid into your personal or business account in compliance with the Federal Inland Revenue Service ...

Can someone in the UK send money to OPay?

Send GBP to Opay in Nigeria securely with Remitly. Enjoy great rates, no hidden fees, and fast delivery through your preferred method. Popular currencies are supported, with access to thousands of trusted providers worldwide.

How does OPay make money?

Revenue Model: OPay's revenue model is primarily based on transaction fees. For every transaction carried out on the platform, OPay charges a small percentage as a service fee. This applies to payments, fund transfers, ride services, food delivery, and other services offered on the platform.

What is the strongest bank in Africa?

South Africa's Standard Bank remains the continent's biggest bank by some distance, with its $13.2bn Tier 1 capital up from $12.5bn last year. This is well ahead of National Bank of Egypt in second place with $7.3bn, down slightly from $7.5bn in 2024.

Is Opay the most used bank in Nigeria?

Opay has over 50 million users, making it the largest bank in Nigeria by customer base.

Which banks are too big to fail in Nigeria?

The banks designated as “too big to fail” or Systematically Important Banks (SIBs) in the CBN draft paper include: First Bank of Nigeria, United Bank for Africa, Zenith Bank, Access Bank, Ecobank Nigeria, Guaranty Trust Bank, Skye Bank and Diamond Bank.

What sells very fast in Nigeria?

9 High Demand & Fast Selling Products To Sell Online In Nigeria (2025)

• Electronics. Electronics is one of the highest demand products to sell online in Nigeria. ...
• Fashion. ...
• Health And Beauty. ...
• Baby Products. ...
• Grocery. ...
• Phones And Accessories. ...
• Computing. ...
• Gaming.

How to make 5000 naira daily?

Freelancing

This is also a reliable means of how to make 5000 Naira daily in Nigeria. Freelancers are people who are self-employed or not committed to an employer. Freelancing doesn't necessarily have to be writing but can be web or app development, proofreading, data analysis, etc.

What can 2 million naira buy in Nigeria?

Top 10 Cars You Can Buy With Two Million Naira in Nigeria

• Hyundai Elantra cars below N2 million. ...
• Honda Civic cars below N2 million. ...
• Toyota Sienna cars below N2 million. ...
• Nissan Xterra cars below N2 million. ...
• 2003-2005 Toyota Corolla cars below N2 million. ...
• 2000 Toyota Camry cars below N2 million.