ZeePay has received a capital injection of $940,000 from GOODsoil VC, an Africa-focused early-stage venture capital firm.
ZeePay is a fintech company that focuses on digital rails to connect digital assets such as mobile money wallets, cards, ATMs, Bank Accounts and Digital tokens to International Money Transfer Operators, Payments, Subscriptions, International Airtime and Refugee payments.
The company was recently issued an Electronic Money Issuer (EMI) license 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.
“There are clear barriers to entry for tech startups to scale, and our vision is to level the playing field. We go by the dictum that talent is evenly distributed; opportunities are not,” explains Charmaine Hayden, Co-founder of GOODsoil.
“The company is the perfect fit for entrepreneurs, markets and industries that may typically be overlooked by other VC firms”, added Orla Enright, another co-founder of GOODsoi.
“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.”