Chams Holding Company Plc (Chams HoldCo), one of Nigeria’s leading fintech and digital identity management companies, is pleased to announce its plan to raise ₦7.65 billion through a combination of a Rights Issue and Private Placement Offer. This landmark capital raise, which has secured unanimous approval from shareholders, reflects Chams HoldCo’s commitment to strengthening its capital structure, accelerating its growth trajectory, and delivering sustained value to investors in Nigeria’s fast-evolving fintech sector.
The official signing ceremony was held at ChamsHoldCo’s corporate headquarters in Lagos, bringing together members of the board, executive leadership, and key stakeholders. The event marked a transformative milestone in Chams HoldCo’s evolution as one of Africa’s foremost digital technology and payment solutions providers.
The proceeds from this capital raise will be invested in strategic projects that reinforce the company’s ambition to lead the continent’s digital payments and identity management markets. Chief among these initiatives is the establishment of a state-of-the-art EMV-certified card personalization plant in Nigeria.
Chams HoldCo also plans to channel funds into cross-border digital payment innovations, a critical growth area. By building robust platforms that support seamless and secure transactions across Africa,the company aims to empower individuals, businesses, and governments while fostering financial inclusion and regional commerce.
In addition, the company is preparing to implement next-generation switching infrastructure to enhance transaction speed,reliability, and security. This upgrade is expected to improve user experience,support the rollout of new products, and ensure Chams HoldCo remains competitive in the rapidly expanding African fintech ecosystem. A portion of the funds will also be dedicated to strengthening working capital, giving the company the financial agility to execute its plans and respond swiftly to newmarket opportunities.
Under the terms of the Rights Issue, Chams HoldCo will offer 2,348,030,000 ordinary shares of 50 kobo each at ₦1.70 per share, on the basis of one new share for every two shares held as of June 16, 2025. The Rights Issue will open on Friday, August 8, 2025, and close on Friday,September 12, 2025, providing eligible shareholders sufficient time to review and participate in the offer.
The Rights Circular, containing the Provisional Allotment Letter and Participation Form, will be distributed to all eligible shareholders. The company encourages shareholders to carefully review these documents and takle up their right.
This announcement comes at a pivotal time for Nigeria and Africa’s broader digital economy, where rising fintech adoption,secure payment infrastructure, and identity solutions are central to driving growth. As a pioneer in these fields, Chams HoldCo has consistently delivered innovative digital solutions that address the continent’s unique challenges and unlock opportunities for economic inclusion and efficiency.
By pursuing this ₦7.65 billion capital raise, ChamsHoldCo is reinforcing its balance sheet and laying the foundation for regional expansion into high-growth African markets. This initiative underscores the company’s long-term vision of becoming a pan-African leader in fintech and identity technology while driving meaningful impact for shareholders, partners,and the communities it serves.
With decades of expertise in identity management and digital payments, Chams HoldCo remains committed to delivering secure,scalable, and cutting-edge solutions that power governments, enterprises, and individuals. This capital raise represents another key milestone in a strategy focused on resilience, innovation, and sustainable value creation across Africa’s fast-growing technology landscape.
