Business · Companies · 1 day ago
Nigeria-focused OPay secures $185 million ahead of US IPO
OPay, a fintech company focused on Nigeria, has secured $185 million.
The company is backed by SoftBank.
It raised the funding ahead of a planned initial public offering, or IPO, in the United States.
An IPO is when a company offers its shares to the public for the first time.
SoftBank’s earlier investment valued OPay at $2 billion in 2021.
The new funding comes as OPay prepares for its US listing.
OPay secured $185 million ahead of a planned US IPO.
The fintech is focused on Nigeria.
SoftBank previously invested in OPay.
That earlier investment valued OPay at $2 billion in 2021.
- Who
- OPay, a Nigeria-focused fintech.
- What
- It secured $185 million ahead of a US IPO.
- When
- The article was published on October 11, 2026; the funding date is not stated.
- Where
- Nigeria-focused; the location of the funding is not stated.
- Why
- The funding came ahead of a US IPO.
This story does not have two clearly opposing sides.
No direct quotes in the coverage so far.
SoftBank's earlier investment valued OPay at $2 billion.
Tech in Asia reported that OPay had secured $185 million ahead of a US IPO.
- Funding
- $185 million
- Company focus
- Nigeria
- Earlier valuation
- $2 billion
- Valuation year
- 2021
- Prior investor
- SoftBank
Sources
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