"“This milestone is a strong affirmation of the work we have done to build Payaza on a foundation of discipline, trust, and long-term value creation. Receiving our latest rating, sends a clear message that Payaza is not only growing, but growing with strength, structure, and sustainability. For us, this is bigger than recognition. It reflects our commitment to building a world-class institution that can compete globally while continuing to serve businesses and consumers across the continent with excellence,” he said."
DataPro upgraded its rating from A to AA-, while Intelligent Africa assigned an A- investment-grade rating to Payaza. The latest assessments are Payaza’s fourth credit rating and arrive as African fintech firms face tighter funding conditions after rapid, investor-backed expansion. Africa’s fintech sector has grown quickly due to smartphone adoption, a young population, and rising demand for digital payments. Funding slowdowns have shifted focus toward compliance, operational discipline, and financial resilience. Independent ratings are increasingly used as credibility signals for fintech firms seeking enterprise clients, partners, and institutional investors. Payaza stated the ratings reflect financial strength, governance standards, operational structure, and responsible scaling. The company also plans to expand product offerings with “Chat and Pay by Pay.”
#credit-ratings #african-fintech #investment-grade-ratings #financial-resilience #governance-and-compliance
Read at Business Insider Africa
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