OPay is reportedly gearing up for a major move into the global market, as it plans an initial public offering (IPO) in the United States.
The fintech firm is said to be working with top financial institutions including Citigroup, Deutsche Bank, and JPMorgan Chase, aiming for a valuation of around $4 billion.
Backed by SoftBank Group, OPay has grown rapidly across Nigeria’s digital payment space, offering services like transfers, mobile payments, and more.
While details of the IPO-including timing and size are yet to be finalised, the move signals increasing global interest in Africa’s fintech ecosystem.
Meanwhile, Flutterwave is also exploring similar IPO plans, with backing from the Nigerian government as part of efforts to strengthen the sector.