The emerging Ghanaian fintech startup Zeepay has raised a US$940,000 seed funding round to enable it to continue to scale and roll out its services across the Ghana, and expand into more countries in Africa. The startup which is focused 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 plans to scale up to the next level of its mandate, says its management.
ZeePAY already has a footprint in more than 20 African markets, and in April 2020 was awarded an Electronic Money Issuer (EMI) license to operate as a mobile financial services company by the Bank of Ghana, the regulator of banking and financial services. The seed round from GOODsoil VC, an Africa-focused early-stage venture capital firm founded in 2017, will enable Zeepay to continue to scale. The startup has a United Kingdom (UK) launch planned for 2021.
Read also:Ghanaian Fintech Startup ZeePay Secures $940k Seed Funding From VC GOODsoil
Andrew Takyi-Appiah, ZeePay co-founder and CEO said that the company is “delighted to have GOODsoil on board,” said Zeepay co-founder and managing director. “We believe with their strong brokerage background, with leading Ghanaian brokerage firm Obsidian Achernar in their portfolio, we will be able to attract good pricing on foreign exchange for our wholesale clients.”
Kelechi Deca
Kelechi Deca has over two decades of media experience, he has traveled to over 77 countries reporting on multilateral development institutions, international business, trade, travels, culture, and diplomacy. He is also a petrol head with in-depth knowledge of automobiles and the auto industry