OPay lists on the New York Stock Exchange, raising $304m at a $4bn valuation
Launched in Nigeria eight years ago, the fintech now has over 50 million monthly users and a $1 billion revenue run rate.
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Lagos — OPay, the digital finance company built in Nigeria, began trading on the New York Stock Exchange on Friday after raising $304 million in its initial public offering, giving it a market value of more than $4 billion.
It sold 16 million American Depositary Shares at $19 each, with the offering expected to close on 2 November.
The numbers
- More than 50 million monthly active users across Nigeria, Egypt, Pakistan and Indonesia.
- A $1 billion revenue run rate in the second quarter of 2026.
- 137% year-on-year growth in the first half of 2026, at a 19% net margin.
"Our journey is just beginning. In Nigeria, an estimated 40 million adults remain outside the formal financial system," said co-chief executive Lars Boilesen.
The company, launched in 2018, says it will use the money to invest in technology and growth in Nigeria and other African markets. It has moved beyond payments into savings, credit and services for merchants.
Source: Premium Times, 30 October 2026.
