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OPay financial growth and potential US and Nigerian IPOs

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2026-08-19 04:34 UTC → 2026-08-27 19:52 UTC · added ~~removed~~

OPay financial growth and potential US ~~IPO~~ and Nigerian IPOs

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 ~~the company~~ OPay targets a valuation of approximately $4 billion for its US ~~listing, Standard~~ listing—doubling its 2021 valuation—Standard Bank Group is reportedly in preliminary discussions to acquire a stake in ~~OPay. This potential~~ 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.

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