Africa Capital Markets Finance Fintech Ghana Investing Startup Venture Capital

GOODsoil Venture Capital invests US$940k into Ghana’s ZeePay

In line with the company’s mission to drive financial inclusion across Africa, Goodsoil VC announces its investment of a US$940k seed capital in Ghanaian fintech company Zeepay.

Zeepay is a Ghanaian fintech start-up that focuses on connecting 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.

The capital injection by Goodsoil will enable Zeepay to execute the company’s expansion plans across Africa and globally with a proposed launch of business activities in the United Kingdom by 2021.

Also read: Africa’s top Fintech Companies of 2020

Charmaine Hayden, Co-founder of GOODsoil, shared, “There are clear barriers to entry for tech start-ups to scale, and our vision is to level the playing field.

We go by the dictum that talent is evenly distributed; opportunities are not,” Zeepay Co-founder and Managing Director, Andrew Takyi-Appiah, expresses his delight with the business feat with this to say, “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.”

Original article on Tech Gist Africa

Leave a Reply

This site uses Akismet to reduce spam. Learn how your comment data is processed.

%d bloggers like this: