Nairagram Completes ₦10 Billion Capital Raise to Deepen Financial Connectivity Across Africa

Why It Matters

The funding bolsters Nairagram’s ability to scale a continent‑wide payments network, addressing Africa’s growing demand for seamless cross‑border transactions. It also signals heightened investor appetite for locally‑owned fintech infrastructure, potentially reshaping the region’s financial services landscape.

Key Takeaways

• ₦10B commercial paper fully subscribed in 48 hours.
• Funds target expansion in 37 African markets.
• Nairagram plans up to ₦50B capital raise this year.
• Investor confidence signals strong African fintech growth.
• CBN approval enhances regulatory credibility for pan‑African payments.

Pulse Analysis

Africa’s fintech sector is entering a maturation phase, with payment corridors demanding robust, scalable infrastructure. Nairagram’s recent commercial paper issuance illustrates how local firms are mobilizing sizable capital to meet this demand, positioning themselves as essential bridges for trade, remittances, and digital commerce across the continent. By leveraging a unified API that connects banks, mobile‑money operators, and cash‑pickup networks, the company is addressing fragmentation that has long hampered efficient cross‑border flows.

The rapid subscription of the ₦10 billion paper reflects both investor confidence and a supportive regulatory environment. The Central Bank of Nigeria’s swift approval signaled to institutional investors that the market is mature enough for sophisticated debt instruments, while the 48‑hour fill rate underscores deep liquidity and appetite for African‑focused financial assets. Such dynamics are encouraging for other fintechs seeking to tap capital markets, as they demonstrate that rigorous governance and transparent operations can unlock substantial funding without relying solely on foreign venture capital.

Looking ahead, Nairagram’s intention to raise up to ₦50 billion this year signals an aggressive growth trajectory that could reshape the competitive landscape. Expanded capital will likely fund product diversification, deeper integration with regional banking systems, and enhanced compliance capabilities, strengthening its moat against emerging rivals. For the broader economy, a fortified pan‑African payments network can lower transaction costs, accelerate financial inclusion, and support the continent’s trade ambitions, making Nairagram’s capital raise a bellwether for the next wave of indigenous financial infrastructure development.

Nairagram Completes ₦10 Billion Capital Raise to Deepen Financial Connectivity Across Africa

February 17, 2026

Nairagram, a leading pan‑African payments and financial infrastructure company, has successfully completed its ₦10 billion Commercial Paper issuance, fully subscribed within 48 hours of going to market.

The Commercial Paper program received final regulatory approval from the Central Bank of Nigeria (CBN) on January 26, 2026. Following the completion of market preparations on Monday, February 3, 2026, Nairagram officially launched the issuance. By Wednesday, February 4, the entire ₦10 billion offer had been fully subscribed, with completion finalized on Thursday, February 5, 2026 — underscoring strong investor confidence in the company’s strategy, governance, and growth trajectory.

Proceeds from the issuance will support Nairagram’s operations across 37 African countries, accelerate expansion, and deepen its presence in key markets including Nigeria, Ghana, Senegal, Côte d’Ivoire, Guinea‑Conakry, Cameroon, Kenya, and Uganda, among others.

Building on this momentum, Nairagram disclosed plans to raise up to ₦50 billion in 2026 through a combination of capital‑market instruments to further strengthen its balance sheet, expand product capabilities, and scale its pan‑African payments infrastructure.

Speaking on the significance of this milestone, Idris Ibrahim, President and Co‑Founder of Nairagram, said:

“This successful Commercial Paper issuance is a strong validation of Nairagram’s vision and execution. The speed and scale of the subscription reflect institutional confidence not only in our business, but in the broader opportunity to build resilient, African‑owned financial infrastructure that supports trade, remittances, and economic growth across the continent.”

Also speaking on the transaction, Gbolahan Obanikoro, Co‑Founder of Nairagram, stated:

“As global financial infrastructure continues to evolve, there is a clear opportunity to build scalable pan‑African payment platforms capable of operating at both continental and international scale. This transaction demonstrates how local capital, sound regulation, and strong governance can support the development of sustainable indigenous infrastructure for Africa and the world.”

Nairagram extends its appreciation to the Central Bank of Nigeria for its regulatory oversight and support throughout the process. The company specifically acknowledges the leadership of the Governor, Mr. Yemi Cardoso, as well as the Deputy Governor, Economic Policy, Mr. Mohammed Sani Abdullahi, and the Director, Trade and Exchange, Mr. Musa Nakorji, whose continued commitment to strengthening Nigeria’s financial markets enables sustainable capital formation and responsible growth.

Nairagram reaffirmed its commitment to innovation, regulatory excellence, and long‑term value creation as it continues to scale its platform and support Africa’s rapidly evolving financial ecosystem.

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About Nairagram

Nairagram is a pan‑African payments and financial services company providing secure, compliant, and scalable payment solutions across Africa and beyond. The company enables payments into, out of, and within Africa, supporting bank deposits, mobile money, and cash pickup across multiple markets through a single unified API.

With operations spanning 37 African countries, Nairagram processes over US $2 billion in payments annually, reflecting the scale, reliability, and operational depth of its infrastructure as a trusted partner for financial institutions, fintechs, and enterprise clients seeking efficient access to African payment corridors.