In a remarkable show of strength and financial discipline, Nigerian fintech powerhouse Payaza has successfully redeemed ₦20.3 billion (approximately $13.5 million) of its commercial paper obligations — entirely from internally generated funds. This milestone marks a significant shift in how African fintechs can demonstrate self-sufficiency, stability, and long-term vision in an industry often defined by aggressive external fundraising.
The repayment forms part of Payaza’s ₦50 billion commercial paper programme, and rather than refinancing or rolling over the debt, the company opted to pay it off early, using profits from its operations. This move not only reflects strong liquidity but also signals a maturing fintech ecosystem in Nigeria, where growth is now being paired with responsibility.
According to Payaza’s CEO, Seyi Ebenezer, the debt redemption wasn’t just a financial transaction — it was a statement.
“We are proving that it’s possible to build a fast-growing fintech company in Africa that’s also financially disciplined and sustainable,” he said.
By choosing to clear its liabilities early, Payaza has set a new standard for how African fintechs can blend profitability with purpose.
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Triple Credit Rating Upgrades Boost Investor Confidence
Payaza’s solid performance has not gone unnoticed in the financial markets. The company recently received credit rating upgrades from three major agencies, further validating its creditworthiness and financial integrity.
- DataPro raised Payaza’s long-term rating to “A” and short-term to “A1”, citing strong operating cash flow and minimal default risk.
- GCR (a Moody’s affiliate) upgraded its rating to BBB- (long-term) and A3 (short-term), reflecting its growing stability and sound management.
- Agusto & Co., one of Africa’s leading rating firms, awarded the company a “Bbb” rating, commending its resilience and ability to sustain growth amid regional and global market pressures.
These upgrades collectively place Payaza among Africa’s top-rated fintechs — a rare achievement in an industry still seen as volatile. For institutional investors and capital market players, this level of recognition provides renewed confidence in Payaza’s ability to honour obligations, scale responsibly, and weather economic shocks.
Leading a New Era of Sustainable Fintech Growth
Payaza’s debt redemption and credit upgrades mark more than just financial wins; they highlight a strategic shift in Africa’s fintech narrative. While many companies continue to depend heavily on external venture funding, Payaza’s story proves that internal capital generation and profitability are achievable — and scalable.
The company’s expanding footprint across Africa, Europe, North America, and the Middle East reflects its operational maturity and diverse revenue base. Its strategic model blends innovative payment solutions with sound governance, allowing it to sustain profitability while driving financial inclusion.
Seyi Ebenezer noted that this balance between innovation and accountability is the company’s guiding philosophy:
“We’re not just chasing valuations — we’re building value. Financial sustainability is as important to us as market expansion.”
This mindset is quickly becoming a benchmark for emerging fintechs across Africa, particularly as investors and regulators begin to prioritise transparency and long-term sustainability over hypergrowth.
Recognition and Global Impact
Beyond its financial milestones, Payaza is earning widespread recognition for its innovation, workplace culture, and industry impact. The company was recently named a finalist at the prestigious Money20/20 Awards, positioning it among the world’s most innovative fintech brands. It also clinched the Global Elite Business Award for Best Emerging Payment Provider 2025, further affirming its influence beyond Africa.
Internally, Payaza’s commitment to people and culture was acknowledged through a Great Place to Work certification, showing that its excellence goes beyond balance sheets.
Industry analysts say these recognitions are not accidental. They are the outcome of deliberate strategy — one that combines sound management, a people-first philosophy, and bold execution.
A New Standard for African Fintech
Payaza’s ₦20.3 billion debt repayment, executed without external financing, and its triple credit rating upgrades are more than corporate achievements; they represent a turning point for African fintech. It sends a powerful message — that local companies can operate with world-class financial discipline, achieve profitability, and still expand globally.
As Payaza strengthens its international presence, it is not only reshaping perceptions about African fintechs but also inspiring a new generation of startups to pursue growth with integrity.
With strong governance, internal efficiency, and a people-centred culture, Payaza is showing that the future of fintech in Africa will be built not only on innovation but also on accountability and sustainability.
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