Ghanaian financial technology startup Zeepay has secured equity funding to fuel its expansion across Africa and the Caribbean. Backed by prominent pan-African investment groups like Africa50, Oikocredit, and others, the specific investment amount remains undisclosed. Zeepay, which previously raised a $7.9 million Series A capital round in 2021, operates in over twenty countries, facilitating efficient solutions for international money transfer organizations to settle remittances into mobile money wallets.
Processing over 10 million remittance transactions totaling more than $3 billion in the past year, Zeepay aims to extend its mobile money services to at least ten countries in the next two years, leveraging partnerships with MoneyGram.