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Zeepay, a leading Ghanaian-owned FinTech firm, has successfully raised a $3 million equity investment from Verdant Capital Hybrid Fund. This infusion of capital is poised to bolster Zeepay’s financial foundation as it prepares for substantial growth anticipated in 2024.
Andrew Takyi-Appiah, the Managing Director of Zeepay, expressed enthusiasm about the partnership with Verdant Capital Hybrid Fund, stating, “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.”
Kwabena Appenteng, Director at Verdant Capital, echoed confidence in Zeepay, emphasizing 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 lauded the strength of Zeepay’s management team as a critical component of the company’s success.
Established in 2014, Zeepay operates as a Mobile Financial Services Company with a global presence, including offices in the United Kingdom. Regulated by the Financial Conduct Authority and other regulatory bodies across Africa, Zeepay stands as one of the fastest-growing fintech entities, specializing in digital infrastructure to facilitate seamless connections between various digital assets such as mobile money Wallets, Cards, ATMs, Bank Accounts, and Digital Tokens. The company’s scope encompasses International Money Transfer Operators, Payments, Subscriptions, International Airtime, and Refugee payments, with a footprint spanning over 20 countries worldwide.
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