Browsing: Africa50

• Ghana-based Zeepay has secured support from Africa50, Oikocredit, Injaro, Verdant Capital Hybrid Fund, and I&P.
• The firm is set to ehancing its offerings to International Money Transfer Organizations, senders and recipients of remittances.
• Last year, the company processed 10 million remittance transactions amounting to over $3 billion.

Cash transfer giant Zeepay has successfully closed a substantial equity investment round that is poised to power its business in new territories. Led by Pan-African investment heavyweights including Africa50, Oikocredit, Injaro, Verdant Capital Hybrid Fund, and Investisseurs & Partenaires (I&P), this financial infusion is poised to turbocharge Zeepay’s ambitious expansion across Africa and the Caribbean.

Since its establishment in 2014, Zeepay has been at the forefront of revolutionizing payment infrastructures, boasting an impressive presence in over 20 countries globally.

Specialising in the instant settlement of remittances into mobile money wallets, the company has been a beacon of financial …

While American businesses handle the USTDA-funded feasibility studies, African partners focus on business development “may acquire funding from any of the parties available. We do not have any requirements about the source of the financing for that initiative; nevertheless, we would prefer that they work with other government agencies in the United States, “Ebong added.

According to Ebong, the return on investment for feasibility studies is approximately $117 for every dollar spent, which converts into jobs in the United States.

She went on to say that infrastructure is “essential to commerce”, that “we are totally competitive,” and that “This is evidenced by the fact that many partners are choosing American companies over Chinese ones when they are in direct rivalry with one another.”…