Payaza has secured another major vote of confidence in its financial strength as Global Credit Ratings (GCR), an affiliate of Moody’s, upgraded its investment-grade rating from BBB– to BBB.
A statement by the company on Thursday said the new rating underscores its financial resilience, robust governance, and growing reputation as one of Africa’s most credible financial infrastructure providers.
According the company “This feat places us among the few fintech companies on the continent with consistent investment-grade ratings from multiple independent agencies.
“This upgrade follows similar affirmations from DataPro and Agusto & Co., giving Payaza three independent ratings that validate its financial stability and operational soundness.
“Our 2024 rebrand marked a shift from being a regional payments company to a global financial infrastructure provider, a transition these ratings now reinforce.
“A key factor in the GCR upgrade is our strong performance under its ₦50 billion Commercial Paper Programme, approved by the FMDQ Exchange. The first tranche of ₦14.97 billion, issued in December 2024, was fully repaid ahead of schedule in June 2025—using internally generated revenue. The second tranche of ₦5.36 billion, due in September 2025, is also on track for early repayment, highlighting Payaza’s liquidity strength and disciplined financial management,” the statement read.
Commenting on the upgrade, Seyi Ebenezer, Chief Executive Officer of Payaza Africa, said the rating is a strong validation of the company’s governance framework and evidence that Nigerian fintech companies can meet global standards of performance and transparency.