Ghana Ltd announced that pan-African investment firms Africa50, Oikocredit, Injaro, Verdant Capital Hybrid Fund, and I&P have completed an equity investment in the company. The investment will fuel Zeepay’s expansion across Africa and the Caribbean.
Zeepay, a rapidly expanding payment infrastructure company operating in over 20 countries worldwide. They specialize in facilitating instant remittance settlements into mobile money wallets in Africa and the Caribbean for leading international money transfer organizations . Last year alone, the company processed over 10 million remittance transactions valued at over $3 billion.
Founder & CEO of Zeepay Ghana Ltd Andrew Takyi-Appiah, expressed gratitude to stakeholders for their support in closing the investment round. “, for all the support in bringing this round to a close. The raise will greatly assist us in completing our ongoing expansion drive into the rest of Africa.
“It is especially gratifying to finance Zeepay with Ghanaian capital as this ensures that profits from this investment flow back into the local economy to trigger a virtuous cycle of economic development.
The equity investment will support Zeepay in expanding its geographical footprint and in deepening its offering to IMTOs as well as senders and recipients of remittances.© IT News Africa | All rights reserved. Functional cookies help to perform certain functionalities like sharing the content of the website on social media platforms, collect feedbacks, and other third-party features. Analytical cookies are used to understand how visitors interact with the website.
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