In 2021, OPay raised $400 million in a Series C funding round led by investors including SoftBank Vision Fund and Sequoia Capital China. This funding round valued the company at $2 billion at the time

. This $400 million was part of the total $570 million OPay had raised across multiple funding rounds by 2021. The capital raised in 2021 was intended to support OPay's expansion into new markets such as Egypt and the Middle East, as well as to grow its financial services offerings across Africa

. Since that funding round, OPay's valuation has increased, reaching approximately $2.75 billion by 2024, reflecting continued investor confidence despite a global slowdown in venture capital funding