Ghana's Zeepay receives $940,000 seed capital
GOODsoil VC, an Africa-focused early-stage venture capital firm, has invested $940,000 seed capital in Ghanaian fintech company Zeepay.
Zeepay focuses on digital rails to connect digital assets. The company has a footprint in more than 20 African markets and, in April 2020, became the first indigenous company to be awarded the electronic money issuer (EMI) licence to operate as a mobile financial services company by the Bank of Ghana, the regulator of banking and financial services.
GOODsoil’s investment will enable Zeepay to continue to scale and roll out its services across the continent, and extend its global reach by launching in the UK in 2021.
“We are delighted to have GOODsoil on board,” says Zeepay co-founder and managing director Andrew Takyi-Appiah. “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.”
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