Zeepay, an Accra, Ghana-based fintech firm, raised an undisclosed quantity in fairness funding.
The spherical was led by Africa50, Oikocredit, Injaro Ghana Enterprise Capital Fund (IGVCF) and Verdant Capital Hybrid Fund, with an funding from Investisseurs & Partenaires (I&P).
The corporate intends to make use of the funds for the enlargement of its cross-border remittances and cell monetary companies enterprise throughout Africa and the Caribbean.
Led by Andrew Takyi-Appiah, Founder and CEO, Zeepay is a cost infrastructure firm with a presence in additional than 20 international locations globally. Since its inception in 2014, it has specialised in facilitating the moment settlement of remittances into cell cash wallets in Africa and the Caribbean on behalf of main worldwide cash switch organizations (IMTOs).
Final 12 months, the Firm settled over 10 million remittance transactions price over $3 Billion in worth. Its imaginative and prescient is to advertise monetary inclusion and rework cross-border funds, notably in low-income international locations.
Commenting on the information, Andrew Takyi-Appiah stated: “We want to thank all our stakeholders, together with our clients, shareholders, and workers, for all of the assist in bringing this spherical to a detailed. The increase will tremendously help us in finishing our ongoing enlargement drive into the remainder of Africa. Our quick to medium plan is to develop our cell cash attain right into a minimal of 10 international locations inside the subsequent two years, leveraging remittances in partnership with MoneyGram, and we’re delighted to see this imaginative and prescient come by means of.”
FinSMEs
04/04/2024
