ThriveAgric Raises ₦5.3 Billion via Oversubscribed Debut Commercial Paper

YC-backed Nigerian agritech firm ThriveAgric has completed an oversubscribed debut commercial paper issuance of ₦5.3 billion, opening a debt capital market funding channel for the African agricultural technology sector. The successful oversubscription is being cited as a potentially replicable financing model for agritech operators seeking alternatives to equity funding.