Investors Oversubscribe Finceptive N3bn Series 1 Commercial Paper

By Aduragbemi Omiyale

The N3 billion Series 1 Commercial Paper (CP) issuance of a leading provider of supply chain financing solutions in Nigeria, Finceptive Limited, has been oversubscribed by investors.

It was the first time Finceptive was approaching the Nigerian capital market to seek funds from investors, reinforcing its strategic effort to diversify its funding sources and deepen its liquidity.

The 268-day tenor paper was open to subscription from May 6 to May 12, 2025. The strong appetite for the short-term debt instrument demonstrated the confidence in the company’s operational performance, corporate governance, long-term vision, and credit profile.

Finceptive’s ratings of BBB from DataPro and BBB- from Agusto & Co underscored its financial standing, providing a solid foundation for the successful issuance.

Proceeds from the exercise will be strategically deployed to fuel Finceptive’s continued growth, bolstering working capital reserves and enabling the company to capitalize on emerging opportunities in the supply chain finance market.

Finceptive is a pioneering supply chain finance solutions provider, empowering vendors, and suppliers of Nigeria’s leading corporations across key sectors including FMCG, manufacturing, telecommunications, and financial services.

By leveraging its expertise in factoring and receivables financing, Finceptive unlocks vital working capital, driving growth and efficiency for its clients.

With a proven track record of innovation and a strategic entry into the commercial paper market, the organisation is poised to cement its position as a market leader in Nigeria’s rapidly evolving supply chain financing landscape, solidifying its reputation as a trusted partner for businesses seeking to optimize their supply chain operations.

“We are thrilled by the positive reception of our debut issuance. This milestone is more than just a successful raise; it’s a resounding signal that the market believes in what we’re building.

“We’re not just financing supply chains; we’re redefining how businesses access the capital they need to grow,” the chief executive of the firm, Ogochukwu Anerobi, stated.