Ghanaian remittance and mobile money company Zeepay has secured a $3 million investment from Verdant Capital Hybrid Fund. This marks Verdant’s fourth investment in Zeepay in just over two years, demonstrating their confidence in the company’s future.
Founded a decade ago, Zeepay has grown into a leading mobile money operator across Africa. They hold licenses in six countries – Ghana, Zambia, Ivory Coast, Sierra Leone, Gambia, and Barbados – and boast a network of over 200 employees with offices spanning three continents. Zeepay focuses on making mobile money transfers seamless, allowing users to send and receive funds directly to mobile wallets across various networks, including their own.
This latest funding round will bolster Zeepay’s financial position as they gear up for significant growth in 2024. The company has already achieved profitability, a notable feat compared to its peers, and continues this strong performance as it expands its reach and revenue streams.
Leave a comment