TLDR:
- Zeepay, a fintech company based in Accra, Ghana, has raised an undisclosed amount in equity funding.
- The funding round was led by Africa50, Oikocredit, Injaro Ghana Venture Capital Fund (IGVCF), and Verdant Capital Hybrid Fund.
Zeepay, a fintech company based in Accra, Ghana, has secured equity funding from Africa50, Oikocredit, Injaro Ghana Venture Capital Fund, and Verdant Capital Hybrid Fund. The exact amount of funding has not been disclosed. Led by Founder and CEO Andrew Takyi-Appiah, Zeepay specializes in facilitating instant settlement of remittances into mobile money wallets in Africa and the Caribbean. The company plans to use the funds to expand its cross-border remittances and mobile financial services business across Africa and the Caribbean. In 2023, Zeepay settled over 10 million remittance transactions worth over $3 billion in value. The company’s vision is to promote financial inclusion and improve cross-border payments in low-income countries. Takyi-Appiah expressed gratitude to stakeholders for their support and outlined plans to expand mobile money reach into at least 10 countries within the next two years through partnerships with MoneyGram.
