OPay Valuation Hits $3.1B in Opera Securities Filing

In Short

OPay has been pegged at about $3.1 billion in valuation based on a recent securities filing by Opera, which priced its 9.7% stake at $294.6 million. The estimate places OPay among the most valuable fintech companies operating in Nigeria.

What Happened: OPay’s Valuation Estimate From Opera’s Stake

The valuation comes from a securities filing by Opera, the Norway-based browser company.

Opera reported its 9.7% stake in Opay at $294.6 million. That implies a total company valuation of roughly $3.1 billion.

Opera’s prior filing for 2024 valued the same holding at $258.3 million, implying a $2.7 billion valuation at the time. A separate earlier benchmark cited in the market is SoftBank’s 2021 pricing of OPay at $2 billion during a $400 million Series C round.

The $3.1 billion figure would put OPay slightly ahead of other well-known African fintech names by commonly reported valuations, including Flutterwave, Moniepoint, and Paystack.

The filing also highlights how important OPay remains to Opera. Opera’s fintech holdings are described as a meaningful part of its overall equity exposure.

Why It Matters

For founders and investors, securities filings can be a useful signal because they show how a public company is marking the value of its private holdings. It is not the same as a new funding round, but it is a data point tied to audited reporting and investor scrutiny.

The valuation also lands as Nigeria tightens rules around agent networks. The Central Bank of Nigeria has recently directed point-of-sale agents to work with only one financial institution, which could reshape distribution for payment providers.

OPay has built a large user base in Nigeria after pivoting from a broader “super app” into payments. If the company keeps growing transaction volume and deepens its agent footprint, IPO speculation is likely to continue, especially after recent senior hires with public markets experience.