Payaza Secures Global Credit Upgrade, Strengthening Nigerian Fintech’s Global Footprint
In a significant show of financial discipline and strength, Payaza Africa has secured a global credit‑rating upgrade from Global Credit Ratings (GCR), marking a new milestone for the fintech and the wider Nigerian fintech ecosystem. GCR recently elevated Payaza’s long‑term rating from BBB– to BBB — maintaining its investment‑grade status while boosting its appeal to both local and international investors.
What may look like a modest one‑notch upgrade is, in reality, a powerful statement of confidence. The upgrade reflects more than ambition — it reflects verifiable operational performance and robust financial governance. For a young African fintech operating across more than 20 countries, this signals a growing maturity that can withstand the scrutiny of global capital markets.
This recent accolade is part of a broader cred‑rating success story: Payaza already holds investment‑grade ratings from two other major agencies DataPro and Agusto & Co. giving it a rare triple‑rated status among African fintech firms.
Besides the credit upgrade, Payaza recently demonstrated its cash‑flow strength by fully repaying ₦20.3 billion (≈ US$13.5 million) in commercial paper obligations ahead of schedule — using internally generated revenue.
For Nigeria’s fintech ecosystem, Payaza’s achievement matters beyond just its balance sheet. It sends a powerful message that African Fintech can be more than hype‑driven startups: they can be credible, disciplined and globally competitive institutions. That, in turn, could attract more institutional investors, deepen confidence in digital financial infrastructure, and accelerate financial inclusion across the continent.
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