Finceptive Limited, a prominent Nigerian supply chain financing firm, has made a strong entry into the country’s debt capital market by successfully issuing its N3 billion Series 1 Commercial Paper (CP).

The offer, which ran from May 6 to May 12, 2025, was oversubscribed, reflecting strong investor confidence in the company’s operations and growth strategy.

The 268-day tenor CP marks Finceptive’s first foray into the commercial paper market and is part of a broader move to diversify its funding base and improve liquidity.

Proceeds from the issuance will be used to enhance working capital and position the company to take advantage of new opportunities in the supply chain finance sector.

“We are thrilled by the positive reception of our debut issuance,” said Ogochukwu Anerobi, group chief executive officer of Finceptive. “This milestone is more than just a successful raise; it’s a resounding signal that the market believes in what we’re building.”

Finceptive provides financing solutions to suppliers and vendors across major sectors such as fast-moving consumer goods, manufacturing, telecommunications, and financial services.

The company specializes in factoring and receivables financing, helping clients unlock capital tied up in unpaid invoices.

The CP issuance was backed by credit ratings of BBB from DataPro and BBB- from Agusto & Co, which helped attract institutional investors. The transaction was registered with the FMDQ Securities Exchange, with Cordros Capital Limited serving as Lead Arranger.

With this successful raise, Finceptive is positioning itself as a key player in Nigeria’s evolving supply chain finance landscape.

Source: Business Day