Payaza, an African financial services provider, has secured approval for a N50bn Commercial Paper issuance from FMDQ Exchange. This approval is a significant step in Payaza’s strategy to become Africa’s leading payment gateway, offering secure and innovative financial solutions tailored to the continent’s needs.
The N50bn programme aims to improve Payaza’s liquidity, supporting the scaling of its operations, diversification of its product offerings, and enhancing its market leadership across Africa. The company sees this achievement as a major milestone in advancing financial inclusion and bridging service gaps in underserved markets.
Payaza’s CEO, Seyi Ebenezer, expressed that the approval reflects strong confidence from financial stakeholders in the company’s vision. He emphasized that this move will allow Payaza to expand its services and empower businesses and individuals to thrive in a dynamic economy.
Chief Technology Officer Philips Akinyele highlighted that the approval would reinforce the company’s commitment to building solutions that drive growth and inclusion across Africa. With this funding, Payaza aims to deepen its offerings and create opportunities that transform lives.
The company’s expansion strategy continues to strengthen stakeholder confidence, cementing Payaza’s position as a key player in delivering scalable fintech solutions across the continent.
