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3 clusters · 8 sources · 14 days · First seen · Last updated

OPay financial growth and potential US and Nigerian IPOs

Overview

Fintech company OPay is experiencing significant financial growth as it prepares for a potential initial public offering (IPO) on the New York Stock Exchange. In 2025, the company reported a gross transaction value of $358 billion, a 115% increase from the previous year, with Nigeria serving as its primary market by accounting for 88.1% of revenue.

Recent financial data shows OPay returned to operating profitability with an operating income of $107.1 million. This follows a 161% increase in total revenue to $536.3 million. The company’s user base also expanded significantly, with monthly active users rising 57% to 39.3 million. Additionally, its lending sector grew rapidly, with new loans originating at $938.3 million, a 285% increase from 2024.

As OPay targets a valuation of approximately $4 billion for its US listing—doubling its 2021 valuation—Standard Bank Group is reportedly in preliminary discussions to acquire a stake in the company. While these talks are in early stages and no formal agreement has been reached, the investment would provide Africa’s largest lender by assets with exposure to Nigeria’s digital payments sector. The proposed US IPO is expected to involve Citigroup Inc., Deutsche Bank AG, and JPMorgan Chase & Co.

In a new development, OPay is also planning to list its shares on the Nigerian Exchange (NGX). It remains unclear whether the company intends to pursue a dual-listing structure or if the NGX listing will follow the US offering.

Entities

OPay · New York Stock Exchange · Nigeria · SoftBank Group Corp. · Nigerian Exchange

Timeline

  1. 1 day ago

    [BUSINESS] 2 sources
    OPay plans listing on the Nigerian Exchange

    Fintech giant OPay plans to list on the Nigerian Exchange amid reports of a potential $4 billion US IPO, following a year of massive transaction growth and increased revenue.

  2. 9 days ago

    [BUSINESS] 4 sources
    Standard Bank eyes stake in OPay ahead of US IPO

    Standard Bank is in early talks to acquire a stake in Nigerian fintech OPay ahead of its planned $4 billion US initial public offering.

  3. 15 days ago

    [BUSINESS] 2 sources
    OPay transaction value reaches $358bn ahead of potential US IPO

    Fintech firm OPay reported $358 billion in gross transaction value for 2025, doubling its previous year's volume as it targets a potential $4 billion US IPO.

Sources

africtelegraph.com · bizwatchnigeria.ng · businessday.ng · dailyreport.ng · nannews.ng · punchng.com · tekedia.com · thepodiummedia.com

This summary has been updated 1 time: see revision history