Nigeria FinTech Landscape - Impact Assessment
OPay achievements
Quantitative achievements
$
~$170M raised over 2 funding rounds
1M+
app
across the country
downloads from active users of OPay
4~2000 ORide drivers currently operating across
the country
✓ 150,000+ agents currently signed up on the OPay
platform
$10M worth of transaction, carried out per day on the OPay
platform
SOURCE: OPay website; press articles
Qualitative achievements
OPay has been able to:
■ Drive financial inclusion and
support the informal sector with
ample opportunity for growth
■ Use discounts to attract new users
and is now a serious competitor to
older startups
Significantly affect the digital-
finance in Nigeria, which could
lead to Nigeria surpassing Kenya
as Africa's digital payments leader
139
EFINAView entire presentation