Payaza Secures ₦20 Billion in Series 3 & 4 Commercial Paper, Approved by SEC
In Africa’s dynamic and fiercely competitive financial technology landscape, Payaza Africa has once again demonstrated its leadership. The Lagos-based digital payment infrastructure company, often drawing comparisons to the “Apple of Africa’s fintech world” due to its unwavering commitment to innovation, customer satisfaction, and user trust, has successfully secured ₦20 billion through its Series 3 and Series 4 Commercial Paper (CP) issuances. This significant funding round, which received a remarkable 10% oversubscription, gained official approval from the Securities and Exchange Commission (SEC) in July 2025, solidifying Payaza’s position as a pivotal player in the continent’s payment ecosystem.
Fueling Growth: Payaza’s Strategic Capital Injection
This latest injection of capital is a critical step within Payaza’s ambitious ₦50 billion Commercial Paper Programme, underscoring its rapid evolution from a promising startup to a dominant continental payments powerhouse. The funding initiative saw AVA Capital Partners playing a crucial role as the anchor, guiding the process, while The New Practice (TNP) provided expert legal advisory. Notably, the issuance attracted substantial participation from Nigeria’s institutional investment community, a testament to Payaza’s strong market credibility, especially within a region known for its cautious investment climate. The Series 3 notes, for instance, were structured with a 181-day tenor and offered an attractive return of 22.20%, highlighting the strategic appeal of this investment vehicle for discerning participants. This successful oversubscription reflects robust investor confidence in Payaza’s business model and its future growth trajectory across Africa.
Payaza’s latest funding success marks not just a financial triumph but a strategic validation of its vision for the future of African finance. By consistently pushing the boundaries of digital payment innovation and maintaining an unwavering focus on user experience and trust, Payaza continues to drive financial inclusion and economic growth across the continent. This fresh capital will undoubtedly accelerate its mission to redefine digital payments, ensuring it remains at the forefront of Africa’s rapidly evolving fintech story.
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