Finceptive Raises N3bn Through Commercial Paper Issuance

Finceptive Limited, a financial technology company, has successfully raised N3 billion through a commercial paper issuance.

This short-term debt instrument is designed to help businesses meet financial obligations and manage short-term receivables effectively, showcasing Finceptive’s capability to engage successfully with Nigeria’s debt capital market.

The offer, which was accessible to institutional investors from May 6 to May 12, 2025, saw oversubscription, reflecting robust market confidence in Finceptive’s operational performance, corporate governance, long-term vision, and creditworthiness. The issuance, with a tenor of 268 days, marks Finceptive’s inaugural entry into the Nigerian debt capital market.

Finceptive stated, ‘this initiative reinforces the Company’s strategic objective to diversify its funding sources and enhance its liquidity.’ It disclosed that the funds raised will be strategically utilized to support Finceptive’s ongoing growth, strengthen working capital reserves, and allow the company to seize emerging opportunities within the supply chain finance sector.

Group chief executive officer of Finceptive Limited, Ogochukwu Anerobi expressed enthusiasm about the reception of the company’s debt issuance, saying, “this achievement is not merely a successful fundraising effort; it serves as a strong endorsement from the market, affirming belief in our vision. Our mission extends beyond just financing supply chains; we are transforming how businesses access the capital necessary for growth.”

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Finceptive Limited stands as a trailblazer in providing supply chain finance solutions, empowering vendors and suppliers of leading corporations in Nigeria across vital sectors, such as FMCG, Manufacturing, Telecommunications, and Financial Services. With a focus on incorporating expertise in Factoring and Receivables Financing, Finceptive aims to unlock essential working capital, driving both growth and efficiency for its clients.