Finceptive Limited, a fast-rising force in Nigeria’s supply chain finance space, has successfully concluded its maiden Series 1 Commercial Paper (CP) issuance, raising a total of ₦3 billion from the Nigerian debt capital market. The offer, which was opened to qualified institutional investors between May 6 and May 12, 2025, was significantly oversubscribed—a development that reflects strong investor confidence in the company’s creditworthiness, operational strength, and corporate governance practices.
The CP, with a tenor of 268 days, represents Finceptive’s first entry into the commercial paper market, marking a bold move towards diversifying its funding sources and reinforcing its liquidity position. According to the company, the proceeds will be strategically channeled into working capital expansion and other growth initiatives, particularly in the increasingly competitive supply chain finance segment.
Speaking on the successful issuance, the Group Chief Executive Officer of Finceptive Limited, Mr. Ogochukwu Anerobi, described the outcome as a powerful vote of confidence from the market. He noted that the landmark achievement is not merely a financial milestone, but a validation of the company’s long-term vision and the strategic role it plays in unlocking capital for businesses. “We are thrilled by the positive reception of our debut issuance. This is a strong signal that the market understands and believes in what we’re building. At Finceptive, we’re not just facilitating finance—we’re reshaping how supply chains access the capital they need to thrive,” Anerobi stated.
Finceptive has steadily carved a niche as a forward-thinking provider of innovative supply chain finance solutions. The company supports vendors and suppliers operating within some of Nigeria’s most critical sectors, including Fast-Moving Consumer Goods (FMCG), manufacturing, telecommunications, and financial services. By offering services in receivables financing and factoring, Finceptive helps businesses unlock trapped capital in their supply chains, thereby enabling greater efficiency and operational fluidity.
The successful issuance was further underpinned by Finceptive’s investment-grade credit ratings: BBB by DataPro and BBB- by Agusto & Co., both of which signaled to investors the company’s solid financial footing and disciplined risk management framework. The commercial paper was duly registered with the FMDQ Securities Exchange, while Cordros Capital Limited acted as the Lead Arranger for the transaction, ensuring compliance with regulatory frameworks and investor expectations.
Finceptive’s entry into the commercial paper market is seen as a significant development in Nigeria’s non-bank financing ecosystem, especially as more institutions seek alternative means to access funding without over-reliance on traditional lending models. Analysts believe the oversubscription reflects broader investor appetite for well-governed, mid-tier companies with clear growth strategies in essential economic sectors.
With this milestone, Finceptive is expected to deepen its presence in the capital market while solidifying its role as a trusted financial partner to Nigerian businesses navigating complex supply chains.