OPay’s Loan Book Surges 204% As Stanbic Moves To Invest $200m

OPay Limited has said its lending business recorded a 204 per cent in loan volume in the first half of 2026, as Stanbic Africa Holdings Limited, a member of Standard Bank Group, agreed to invest up to $200 million in the fintech ahead of its proposed US initial public offering (IPO).
The investment, which is subject to the completion of the offering and regulatory approvals, comes as OPay expands its credit operations in Nigeria, where loan origination reached $1.56 billion in the 12 months ended June 30, 2026.
The fintech’s preliminary registration statement filed with the United States Securities and Exchange Commission (SEC) showed that its unique quarterly borrowers in Nigeria ros...