back Back

Ghana’s Zeepay raises $940 000 in seed capital led by GOODsoil VC

By Pavithra R

December 21, 2020

Share

Ghana’s Zeepay raises $940 000 in seed capital led by GOODsoil VC

ZEEPAY, a wholly Ghanaian owned mobile financial services company focused on providing integrated mobile payments services with mobile wallets has announced the raising of US$940 000 seed capital from GOODsoil VC, an Africa-focused early-stage venture capital firm.

Founded in 2017 by Charmaine Hayden, Orla Enright, Ashley Thompson-MacCarthy and Richard Mensah, GOODsoil comprises 50% female and 75% black partners, all young, serial entrepreneurs intent on becoming catalysts of economic growth for minority founders across Africa. The VC aims to drive financial inclusion across the continent, and the funding is part of its commitment. 

“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,” said Charmaine Hayden. 

ZEEPAY is a FinTech company targeting the unbanked and banked population with the objective of bringing the unbanked into the financial stream and easing payments and collections for the banked population. The firm focuses on digital rails to connect digital assets. It has footprint in more than 20 African markets and, in April 2020, became the first indigenous company being awarded the 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.

ZEEPAY is planning to use the finance 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. 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,” said Zeepay co-founder and managing director Andrew Takyi-Appiah.

Previous Article

December 21, 2020

Tyl by NatWest teams up with Pennies to support UK charities

Read More
Next Article

December 21, 2020

5 FinTech companies transforming the financial space in Brazil

Read More








IBSi Daily News Analysis

digital wallets

March 01, 2024

Banking Sector and regulatory framework: addressing India’s growing demand for secure lockers

Read More

IBSi FinTech Journal

  • Most trusted FinTech journal since 1991
  • Digital monthly issue
  • 60+ pages of research, analysis, interviews, opinions, and rankings
  • Global coverage
Subscribe Now

Other Related News

Today

Hecto Financial eases cross-border transactions with new solution

Read More

Today

Marqeta & AffiniPay team to launch SMB credit card solution

Read More

Today

AsiaVerify & Visa to bolster digital payments and banking in APAC

Read More

Related Reports

Sales League Table Report 2023
Know More
Global Digital Banking Vendor & Landscape Report Q4 2023
Know More
Wealth Management & Private Banking Systems Report Q4 2023
Know More
IBSi Spectrum Report: Supply Chain Finance Platforms Q4 2023
Know More
Treasury & Capital Markets Systems Report Q4 2023
Know More

IBSi Sales League Table

The industry acknowledged barometer of global banking technology vendor performance!
Get your copy now!
close-link
Get your copy now! IBSi Sales League Table 2023