OPay seeks NYSE listing with Standard Bank backing and private placement

OPay Limited, a fintech operating primarily in Nigeria with additional activities in Indonesia, Egypt and Pakistan, filed a Form F-1 registration to launch an IPO on the New York Stock Exchange, planning to trade under the symbol OPAY. The filing, made on October 9, does not disclose the offering price, share count or trading date, pending regulatory approval. Standard Bank Group, via its subsidiary Stanbic Africa Holdings, will acquire ordinary shares at the same price through a private placement that will close alongside or shortly after the US offering.

OPay, incorporated in the Cayman Islands and headquartered in Singapore, earned a first-half 2026 revenue increase of 136.5% and saw net profit climb to $90.9 million from $21.7 million the previous year. Consumer lending accounted for about half of that revenue, while loan originations in Nigeria more than tripled. The firm processed over 90 billion transactions in the year to June 2026 and reported 50.1 million monthly active users. Proceeds are earmarked for technology upgrades, product development, market expansion and possible acquisitions.