Nigeria FinTech Landscape - Impact Assessment

OPay company profile Balance 0 BACANCY 466100 #4500 #4926.00 RECEIVE MONEY ADD MONEY Take control of your personal economy with OPay The freedom and security of paying for goods. earning cash, and topping up your personal accounts is in your hands. Total Download app Airtime Alco- Ary stats 0 August 201 " Ag820 -170.00 Mobile date Augme 1000.00 Transfor Top up Send money OFoodHome Partners Testimonials Security Product offering Transportation - okada and marwa Wallet payment, money transfer - Food delivery order food from local restaurants near you Mass customers Youth Customer segment SME Company Description Value proposition ☐ OPay is a one-stop mobile-based platform for payment, transportation, food & grocery delivery, and other important services in your everyday life. Established in 2018 as a part of Opera In 2019, OPay raised $120 million in a Series B round led mainly by Chinese investors Run heavily-subsidized promotions to edge out other players in Nigeria's competitive bike-hailing space Technology leveraged Distribution model ☐ What makes them distinctive ■ First mover advantage of formalizing 'okada' ■ Financial inclusion Asset finance e.g. mobile phone to Oride employees SOURCE: OPay website; press articles ■ API Big Data Advanced Analytics B2C, P2P ■ Mobile Channels ■ ■ Agents APIs Available via web version IOS and Android Competitors G Kudi P OPay EFINA 138

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