Fintech Zeepay enters Zambia with the acquisition of 51% stake in Mangwee Mobile Money

ZAMBIA – Ghanaian Fintech firm Zeepay, a mobile financial services company focused on providing integrated mobile payments services with mobile wallets, has acquired a 51% majority stake in Mangwee Mobile Money, signalling its official entry into the Zambian market. The deal for an undisclosed amount is part of Zeepay’s strategy to expand footprint across Africa. The deal makes Zeepay Ghana the majority shareholder of the entity. Mangwee has been in operation since 2018 and was initially set up to operate as an alternative wallet to reduce the cost of mobile…

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GOODsoil VC invests US$940k seed capital in fintech company Zeepay

GHANA – GOODsoil VC, an Africa-focused early stage venture capital firm headed by a diverse team of entrepreneurial investors, has invested US$940,000 seed capital in Ghanaian fintech company Zeepay. 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. “There are clear barriers to entry for tech startups to scale, and our vision is to level the playing field. We go by the…

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Zeepay partners with Mastercard company Transfast to give it access to Ghana

GHANA – Zeepay, a Mobile Financial Services financial technology (fintech) company, has announced its partnership with Transfast, a Mastercard company and a leading cross-border payments service provider. This partnership will enable consumers around the world to send money directly to more than 20 million mobile money wallets in Ghana with speed, security, and certainty. “The partnership with Zeepay makes it easier for our consumers to send money to their families and friends in Ghana. This is an important step that will drive financial inclusion across the country – as consumers…

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