Audio By Carbonatix
Payaza, a pan-African financial infrastructure company, has secured its third investment-grade credit rating after receiving a Bbb rating from Agusto & Co., one of Africa’s most respected credit rating agencies.
This latest endorsement follows earlier ratings from Global Credit Ratings (GCR), an affiliate of Moody’s, and Nigeria’s DataPro, making Payaza one of the very few fintech firms on the continent to attain a triple-rated status.
This recognition is a major milestone not just for Payaza as a corporate entity, but also for the African fintech space at large.
It demonstrates that African-grown startups can meet, and even exceed, international standards of governance, compliance, and financial discipline. In a space often plagued by aggressive but unstructured growth, Payaza’s achievement stands out as a model of responsible leadership.
Beyond its corporate ratings, Payaza’s impact on the ground, particularly in Ghana, has been equally significant. Since entering the Ghanaian market, the company has not only built robust infrastructure for digital payments and collections but has also actively invested in grassroots development.
One such initiative is SME Thrive, a Payaza-led programme supporting small businesses and student entrepreneurs through funding, mentorship, and tailored payment solutions.
The company says these efforts prove that its vision for pan-African fintech leadership isn’t just theoretical—it’s actively being realised through practical solutions for everyday merchants and communities.
In 2024, Payaza began a strategic transformation from a regional payments provider to a global infrastructure player. It secured approval from the FMDQ Exchange to raise ₦50 billion—approximately $35 million—under a commercial paper programme.
This marked the largest approval of its kind ever granted to a Nigerian fintech. Payaza issued the first and second series under the programme in December 2024, raising ₦14.97 billion in full and ahead of schedule by June 2025.
The second tranche of ₦5.36 billion is expected to follow suit.
Notably, these funds were raised through internally generated revenue—a rare feat in emerging markets—highlighting Payaza’s strong financial footing.
According to Seyi Ebenezer, Chief Executive Officer of Payaza Africa, the Agusto & Co. rating affirms not just the company’s internal governance, but also Nigeria’s ability to produce globally relevant and financially sound fintech players.
He notes that for years, African startups have been viewed through the lens of potential alone.
Now, companies like Payaza are proving that performance can match ambition.
Latest Stories
-
Fidelity Bank Atta Gyan calls for structural solutions to unlock capital for Ghana’s productive sectors
53 seconds -
Avenor building used substandard concrete, barely six years old — Structural Engineer
4 minutes -
MobileMoney Fintech calls Extraordinary General Meeting for June 12
11 minutes -
Why discipline, not ambition, will decide Ghana’s next business winners
16 minutes -
Preliminary probe points to lack of permit in Avenor building collapse
33 minutes -
Today’s Front pages: Monday, June 8, 2026
45 minutes -
Former PMMC CEO rejects pay-to-play award schemes, advocates service-driven leadership
46 minutes -
Mahama pushes for stronger Ghana-Belarus partnership in agriculture, mining and manufacturing
47 minutes -
Mahama heads to Minsk talks seeking stronger Ghana-Belarus economic ties
49 minutes -
World Food Safety Day 2026 – Accra Metro Health Director calls for action on foodborne diseases in Ghana
53 minutes -
Our exploding healthcare management issues and loss of Ghanaian lives
1 hour -
Nana Akwasi Awuah calls for service-oriented leadership in public office
1 hour -
Sentuo Refinery takes delivery of 1 million barrels of jubilee crude for local processing
2 hours -
PMMC’s 2024 SIGA award reflects successful turnaround, says Nana Akwasi Awuah
2 hours -
Ghana makes strong investment pitch in London as Finance Minister, BoG Governor court global investors
2 hours