Zeepay, a fintech startup based in Ghana, has recently secured a $3 million equity investment from Verdant Capital Hybrid Fund, a venture capital firm operating out of South Africa. This substantial investment aims to bolster Zeepay’s position in the African remittances market and prepare the company for significant growth anticipated in 2024.

This latest funding round marks a significant milestone for Zeepay, with Verdant Capital Hybrid Fund becoming a new shareholder in the company’s mobile money journey. Andrew Takyi-Appiah, Zeepay’s Managing Director, expressed his excitement about the partnership, emphasizing the potential for further expansion and innovation in the mobile money sector.

Verdant Capital’s investment not only strengthens Zeepay’s position as a leading remittance and mobile money platform in Africa but also enhances its appeal to potential investors. With Verdant Capital joining as the fifth institutional investor in the past three years, Zeepay’s track record of success and its innovative remittance-to-wallet model have garnered significant attention in the fintech industry.

Kwabena Appenteng, a director at Verdant Capital, highlighted Zeepay’s impressive performance in generating hard currency earnings through its remittance platform. He commended Zeepay’s management team for their role in driving the company’s growth and success in the competitive fintech landscape.

As Zeepay continues to expand its footprint in Africa’s digital finance ecosystem, this latest investment from Verdant Capital positions the company for continued success and innovation in the years to come.