Opay seeks to raise $336M in IPO

Opay: Opay is a Nigeria-focused digital payments and fintech platform that provides services including payments, transfers, savings, loans, and merchant solutions primarily to consumers and businesses in emerging markets. Backed by SoftBank, the company has expanded its operations across Nigeria and other African markets while preparing for public market access. It is directly pursuing a primary listing on the New York Stock Exchange through an IPO filing submitted in October 2026, with plans for a potential secondary listing on the Nigerian Exchange afterward. IPO Preparation: Opay filed its Form F-1 registration statement with the U.S. Securities and Exchange Commission in early October 2026 to list American depositary shares on the NYSE under the ticker OPAY. Innovation Focus: Opay has highlighted artificial intelligence as the next driver of financial inclusion in Africa, emphasizing its role in fraud detection, compliance, and expanding access to credit at industry events in October 2026. Strategic Partnerships: Global payments provider EBANX became the first company to launch recurring payments integration through Opay Direct Debit, enabling Nigerian users to subscribe to international digital services.