Browsing: Zeepay

• 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 …

The leading African Challenger Fintech, Zeepay, has acquired Mangwee Mobile Money in Zambia.

In a deal that was completed on Friday, April 16, 2021, Zeepay acquired a 51 per cent stake in Mangwee Mobile Money.

Zeepay is the fastest growing fintech focusing on digital rails to connect digital assets such as mobile money Wallets, Cards, ATMs, Bank Account and Digital Tokens to International Money Transfer Operators, Payments, Subscriptions, International Airtime and Refugee payments.

It is a Mobile Financial Services Company with Offices around the World including the United Kingdom and regulated by the Financial Conduct Authority and other Regulators across Africa.

In a private placement, Zeepay and Mangwee agreed to a sale of 51 per cent of Mangwee shares to Zeepay.

The deal makes Zeepay Ghana the majority shareholder of the entity.

According to Zeepay, the move to invest in Mangwee is part of their global strategy to expand their …