Ghanaian Fintech Zeepay Receives USD 3 M Investment

Ghanaian fintech company Zeepay Ghana Ltd today announced the completion of a USD 3 M equity investment by pan-African investment firms Verdant Capital Hybrid Fund. The funds will go towards expanding Zeepay’s operations in Africa and the Caribbean.

Zeepay focuses on building digital rails that connect digital assets including mobile money wallets, cards, ATMs, bank accounts, and digital tokens to international money transfer operators, payments, subscriptions, overseas airtime, and refugee payments. The mobile money challenger terminates remittances into mobile money wallets across all networks, including its wallets available in the six markets it currently operates globally.