from OKORO CHINEDU in Lagos, Nigeria
Nigeria Bureau
LAGOS, (CAJ News) – PAYAZA, an African financial technology (fintech) company, discloses it has fully repaid ₦20,3 billion (US$13,5 million) of its commercial paper obligations.
The company believes this is a significant demonstration of financial strength as the entire debt was settled ahead of schedule using the company’s own internally generated cash flow.
According to Payaza, this challenges the standard industry narrative of relying on external funding for growth and establishes the company as a leader in operational excellence and sustainable scaling.
“This achievement demonstrates that African fintech can achieve sustainable growth through disciplined operations and strong governance,” Seyi Ebenezer, Chief Executive Officer of Payaza, said.
“Paying down this debt from our own earnings sends a clear message that it is possible to build a high-growth fintech company in Africa that is also highly profitable and financially disciplined,” he added.
The ₦20,3 billion ($13,5 million) redemption was completed under Payaza’s ₦50 billion ($33,6 million) commercial paper programme.
The achievement is seen as positioning Payaza as an attractive partner for international institutions seeking exposure to Africa’s expanding digital financial services market, with the company’s multi-continental presence spanning operations across Africa, Europe, North America, and the Middle East.
Incorporated in Nigeria, it was founded in 2022.
It provides payment solutions to small and medium-sized enterprises (SMEs) and large corporations across four continents.
The company pledges to maintain the highest standards of financial governance and operational excellence while scaling sustainable fintech solutions across emerging and developed markets.
– CAJ News