Payaza Africa Limited has recorded another milestone in its growth trajectory after Agusto & Co. upgraded the company’s credit rating from BBB to A-.
In a statement released on Monday, the fintech infrastructure company said the latest upgrade adds to a growing number of independent assessments recognising its strengthening position as one of Africa’s trusted payments infrastructure providers.
According to Payaza, the upgrade reflects a broader market perception that the company is evolving beyond the profile of a fast-growing payments platform into a more mature and institutionally trusted financial brand.
The company stated that the improved rating highlights not only its financial performance but also its operational resilience, governance standards, liquidity position, disciplined execution, and ability to scale responsibly within Africa’s increasingly competitive fintech landscape.
▪ “This recognition reinforces a broader market view that Payaza is evolving beyond the profile of a fast-growing payments company into a more mature and institutionally trusted financial brand,” the company said.
▪ “The move from BBB to A- represents more than a routine ratings upgrade; it signals strengthening fundamentals, disciplined execution, and growing market confidence in Payaza’s long-term strategic direction,” the statement added.
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Payaza also highlighted recent product innovations introduced as part of its broader expansion strategy across Africa’s digital payments ecosystem.
▪ The company recently launched “Chat and Pay by Payaza,” a feature designed to allow merchants accept payments and generate receipts directly through WhatsApp.
▪ It also unveiled Shopaza, a storefront solution aimed at helping businesses sell products across multiple regions while enabling seamless payment collection.
Speaking on the rating upgrade, Seyi Ebenezer said the recognition reflects the company’s commitment to building a sustainable and globally relevant financial institution.
▪ “This upgrade is a strong affirmation of the discipline, consistency, and long-term value we are building at Payaza,” Ebenezer stated.
▪ “It shows that our growth is being matched by stronger institutional confidence, and that the market is recognising the strength of our model, our execution, and our vision for the future.”
He added that the development strengthens Payaza’s positioning in both local and international markets while also demonstrating that African fintech firms are increasingly capable of building resilient and well-governed institutions that can compete at scale globally.
What you should know
Beyond Agusto & Co.’s latest upgrade, Payaza has also received favourable ratings from several other agencies in recent months.
▪ DataPro recently upgraded the company’s rating from A to AA-.
▪ Intelligent Africa also assigned Payaza an A- credit rating.
▪ In addition, Moody’s upgraded the company’s rating to A3.
Payaza operates as a payments infrastructure company providing solutions across collections, payouts, and embedded financial services, with a focus on building scalable and trusted payment systems for businesses operating across Africa and international markets.
