Nigerian digital bank OPay (OPAY.US) files for U.S. IPO: operations span Egypt, Indonesia, and Pakistan, aims to raise up to $500 million.

OPay, a digital bank and fintech platform serving Nigeria and other emerging markets, filed for an IPO with the U.S. Securities and Exchange Commission (SEC) last Friday. The offering is expected to raise up to $500 million. OPay is a digital financial platform built to address the challenges of emerging markets. In the six months ended June 30, 2026, it was the No. 1 finance app in Africa and the Middle East by monthly active users, with a 9.9% market share. Since entering the Nigerian market, OPay has become the country's leading digital financial platform; as of July 31, 2026, it was the second-ranked app in the country across all categories by daily active users. Beyond Nigeria, the company also operates in Indonesia (loan facilitation), Egypt (merchant acquiring services), and Pakistan (merchant acquiring and consumer wallet services). The Singapore-headquartered company was founded in 2017 and generated $806 million in revenue in the 12 months ended June 30, 2026. It plans to list on the New York Stock Exchange (NYSE) under the ticker symbol OPAY. OPay confidentially filed on February 12, 2026. Citigroup, Deutsche Bank, Standard Bank, and CICC are serving as joint bookrunners for the deal. Pricing terms have not yet been disclosed.