Finceptive secures NGN 3bn via commercial paper issuance

Finceptive Limited (Finceptive), a Nigerian a specialised working capital provider, has successfully raised NGN 3bn (US$1.9m) through its inaugural commercial paper issuance, demonstrating strong investor confidence and a solid entry into the Nigerian debt capital market.

The issuance, which was open to institutional investors between May 6 and May 12, 2025, received an enthusiastic response with oversubscription. The 268-day tenor commercial paper aims to enhance the company’s short-term liquidity and strengthen its capacity to provide receivables finance.

In an official statement, Finceptive highlighted that the fundraising initiative aligns with its broader strategy to diversify funding sources and optimise liquidity management. The proceeds will be strategically deployed to bolster working capital, support ongoing business expansion, and capitalize on emerging opportunities within Nigeria’s dynamic supply chain finance sector.

Group Chief Executive Officer, Ogochukwu Anerobi, emphasized that this milestone represents far more than just a successful capital raise. He described it as a clear endorsement from the market, affirming Finceptive’s vision and operational strength. Anerobi stressed that the company’s mission transcends traditional financing, as it aims to revolutionise how businesses gain access to growth capital and reshape the broader landscape of supply chain finance in Nigeria.

Finceptive is recognised as a leading innovator in supply chain financing, delivering tailored solutions to vendors and suppliers of top-tier corporations in key sectors such as FMCG, manufacturing, telecommunications, and financial services. By leveraging expertise in factoring and receivables financing, the company empowers businesses with essential working capital, driving efficiency and sustainable growth across Nigeria’s corporate ecosystem.