Nigerian payment infrastructure company Payaza has secured fresh credit rating upgrades from DataPro and Intelligent Africa, strengthening its position in Africa’s increasingly competitive fintech industry at a time when investors are paying closer attention to governance, profitability, and long-term sustainability.
The company in a statement on Monday said DataPro upgraded its rating from A to AA-, while Intelligent Africa assigned it an A- investment-grade rating.
The latest assessments mark Payaza’s fourth credit rating and come as African fintech firms face tighter funding conditions after years of rapid investor-backed expansion.
Over the past few years, Africa’s fintech sector has produced some of the continent’s fastest-growing startups, driven by rising smartphone adoption, a young population, and growing demand for digital payments.
But the sector has also entered a more cautious phase, with investors and regulators placing greater emphasis on compliance, operational discipline, and financial resilience following a wave of global tech funding slowdowns.
