Zeepay Raises Funding for Expansion of Cross-Border Remittances

Zeepay Raises Equity Funding

Zeepay's Equity Funding for Expansion

Key Highlights:

  • Equity Funding: Zeepay, a fintech company based in Accra, Ghana, raised an undisclosed amount in equity funding.
  • Investors: Africa50, Oikocredit, Injaro Ghana Venture Capital Fund (IGVCF), Verdant Capital Hybrid Fund, and Investisseurs & Partenaires (I&P) participated in the funding round.
  • Expansion Plans: Zeepay aims to expand its cross-border remittances and mobile financial services business across Africa and the Caribbean.

Zeepay's Target Market

  • Target Market: Zeepay focuses on providing payment infrastructure and facilitating instant settlement of remittances into mobile money wallets in Africa and the Caribbean.
  • International Money Transfer Organizations (IMTOs): Partnerships with leading IMTOs to enable seamless remittance transactions.
  • Financial Inclusion: Zeepay aims to promote financial inclusion and transform cross-border payments, particularly in low-income countries.

What Zeepay Needs to Buy

  • Technology and Infrastructure: Investments in technology and infrastructure to support the expansion of cross-border remittances and mobile financial services.
  • Partnerships and Collaborations: Collaborations with financial institutions and mobile money providers to expand their reach and services.
  • Marketing and Customer Acquisition: Marketing strategies and customer acquisition initiatives to increase awareness and attract new users.