Ghanian Fintech Company Zeepay Secures $3 Million Fund to Strengthen Its Growth
Ghanaian-owned FinTech company Zeepay has secured a $3 million equity investment from Verdant Capital Hybrid Fund.
Zeepay plans to leverage the fresh capital injection to solidify its financial standing in anticipation of significant growth projected for 2024.
According to the Managing Director, Andrew Takyi-Appiah he said,
“We are thrilled to welcome Verdant Capital Hybrid Fund as a new shareholder in our mobile money journey. The new funding raised will be used to strengthen our financial position in support of our high growth in 2024.”
Also speaking,
Kwabena Appenteng, Director at Verdant Capital, expressed his confidence in Zeepay, highlighting the company’s “solid track record of hard currency earnings through its remittance-to-wallet business model and vast growth opportunities across Africa.”
He further commended “the strength of the management team at Zeepay” as a key factor in the company’s success.
Founded in 2014, Zeepay is a Mobile Financial Services Company with Offices around the World including the United Kingdom and regulated by the Financial Conduct Authority and other Regulators across Africa.
The company is one of the fastest growing fintech focusing on digital rails to connect digital assets such as mobile money Wallets, Cards, ATMs, Bank Accounts and Digital Tokens to International Money Transfer Operators, Payments, Subscriptions, International Airtime and Refugee payments, with a footprint in over 20 countries globally.
