OPay Raises $185M Series C+ Led by Standard Bank

OPay, the digital financial services platform focused on emerging markets, has raised $185 million in a Series C+ round led by Standard Bank. The funding date is October 9, 2026.

What OPay Does

OPay operates primarily in Nigeria, with additional presence in Indonesia, Egypt and Pakistan. Launched in 2018 and originally incubated by browser maker Opera, the company combines consumer payments, savings and lifestyle services with merchant acquiring, analytics and data-driven credit products.

It ranks among the leading fintechs in Nigeria with more than 50 million monthly active users. SoftBank is among its backers.

The Round

Round type: Series C+
Amount: $185 million
Currency: USD
Date: October 9, 2026
Lead investor: Standard Bank
Investors: Standard Bank

Why It Matters

The raise extends OPay's Series C+ stage financing and brings a major banking institution onto its cap table as lead. For a platform already operating at scale across multiple emerging markets, the capital supports its combination of consumer payments, merchant acquiring and data-driven credit products.

Acquisition Angle

OPay's position in Nigeria — more than 50 million monthly active users — and its multi-market footprint across Indonesia, Egypt and Pakistan make it a strategically significant asset in emerging-market fintech. The participation of Standard Bank as lead investor signals institutional interest in the platform's payments and credit infrastructure.

Company Snapshot

Name: OPay
Domain: opayweb.com
Funding stage: Series C+
Description: Digital financial services platform focused on emerging markets, operating primarily in Nigeria with additional presence in Indonesia, Egypt and Pakistan. Launched in 2018 and originally incubated by Opera. Combines consumer payments, savings and lifestyle services with merchant acquiring, analytics and data-driven credit products. Counts SoftBank among its backers. Ranks among the leading fintechs in Nigeria with more than 50 million monthly active users.