Payaza Achieves New African Fintech Standard with $13.5M Debt Redemption and Triple Credit Upgrades
Payaza, a leading African financial technology company, has significantly elevated the standard for sustainable growth on the continent by fully redeeming N20.3 billion ($13.5 million) of its commercial paper obligations entirely from internal cash flow, settling the debt ahead of schedule.
This landmark financial achievement positions Payaza as a continental leader in operational excellence, challenging the industry’s reliance on external capital for growth and showcasing strong financial discipline. The repayment was executed under the company’s comprehensive N50 billion Commercial Paper program.
Triple A-Grade Credit Rating Upgrade
The debt redemption coincides with unprecedented recognition from major credit rating agencies, cementing Payaza’s status among Africa’s most creditworthy fintechs:
DataPro upgraded Payaza to “A” long-term and “A1” short-term ratings, reflecting a strong capacity to meet its financial obligations.
GCR (a Moody’s affiliate) assigned “BBB-” long-term and “A3” short-term ratings, reinforcing international confidence in the company’s creditworthiness.
Agusto & Co., Africa’s largest rating agency, awarded a solid ‘Bbb’ rating, endorsing Payaza’s resilience and proven ability to consistently meet every obligation.
Collectively, these upgraded ratings significantly enhance Payaza’s appeal to institutional investors and strengthen its capital market positioning across international markets, confirming global confidence in the company.
Global Recognition and Multi-Continental Impact
Payaza’s operational success and financial discipline have also earned it validation on the global stage, reflecting its wide impact across four continents (Africa, Europe, North America, and the Middle East):
Named a Money2020 Awards Finalist, recognizing its innovation in the global fintech ecosystem.
Won the Global Elite Business Awards: Best Emerging Payment Provider 2025 for its work empowering SMEs and enterprises.
Received the Great Place to Work Certification, acknowledging its excellent, innovation-driven workplace culture.
Setting a New Benchmark for Sustainable Growth
Seyi Ebenezer, Payaza’s CEO, emphasized that this milestone is proof that African fintech can achieve sustainable growth through disciplined operations and strong governance.
The company’s ability to generate sufficient internal cash flows to manage significant debt obligations while maintaining a growth trajectory across multiple continents signals a fundamental shift in the African fintech sector towards financially sustainable operations. This financial prowess makes Payaza an attractive partner for international institutions looking to engage with Africa’s expanding digital financial services market.
Payaza provides innovative payment solutions to small and medium-sized enterprises (SMEs) and large corporations, aiming to promote financial inclusion and drive economic growth through technology-enabled financial services globally.
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