Company Overview
Africa-focused mobile payments
Company History
Opay was founded in 2018. Public founder information in the source set points to Lars Boilesen, Geir Ivarsoy. Its latest captured funding/news event in the source set was in 2021, recorded as Series C.
Key Facts
| Country | Nigeria |
| Founded | 2018 |
| Founders | Lars Boilesen, Geir Ivarsoy |
| Sector | Fintech |
| Operational Status | Status unverified |
| Latest Round | Series C, 2021, $400M |
| Total Disclosed Funding | $570M |
| Website | https://operapay.com/ |
Business Model
Opay appears to operate a product-led business model in the Fintech sector. Based on public descriptions, it generates value through technology-enabled services, software, marketplace access, operations, or financial infrastructure.
Products and Services
- Digital payments
- Banking or treasury tools
- Merchant or API infrastructure
- Embedded finance
Funding and Market Position
Public deal records in the source set show 3 disclosed funding event(s), with about $570M captured in total. The most recent event is recorded as Series C, 2021, $400M.
Contact Information
The most reliable public contact channel in the source set is the official website: https://operapay.com/. Public phone numbers and public support emails were not consistently available at scale, so the website/contact form is the best public route.
Company Location
Operational Status
Older public sources were available, did not independently confirm whether the startup is still operating. Status recorded here is a best-effort assessment as of March 21, 2026.
Why This Startup Matters
As a Nigerian startup in the Fintech space, Opay matters because it addresses local market problems with a scalable digital product or operational model.
Sources
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