Zeepay Ghana announces additional equity investments made directly by a local Angel Investor.
Zeepay Ghana Limited is a locally owned Mobile Financial Services provider that focuses on using disruptive technology to make it easy for Mobile Money users to pay for goods and services at Retail point of sale. The platform is network agnostic and supports both Pre and Post Paid lines.
Zeepay today secured additional equity investments from a local Ghanaian Angel Investor of USD15,000 towards its go to market plans. The investment was secured towards expansion into the local market and product development targeted at affordable segment of the economy.
Zeepay’s aim is to operate as an aggregator in the offering of Mobile Financial Services (MFS) to financially excluded persons in Ghana and the general public. As an Aggregator we accept and process multiple payment from Mobile Money users and other instruments such as 3rd Mobile Wallets, at point of sale. Making it easier for bottom of pyramid and other mobile wallet users to transact without a bank account. Zeepay also offers Domestic and International remittances at Point of Sale and on Smart Phones. In the long term our objective is to be a one stop shop to Services such as Aid payments, Transfers, Utility Payments, and other related transactions including prepaid electricity top up. With over 5million Mobile Wallet customers in the market, we believe our service offering is coming to market at the opportune time and are very excited.
The success of Zeepay is attributed to its backbone which runs on open source and Java technology. We bring to the market innovative value added services like near field communications for speed of transactions “Swipe & pay”, electronic vending of vouchers and tokens – Utilities, Subscriptions etc, mobile top up vouchers for all networks, direct cash withdrawal, deposit and payments at point of sale.
Anthony K. Appiah, Executive Director and co-founder said “We are very grateful to all stakeholders, including our new Angel Investor who chooses to remain anonymous for all the support and direction. As an aggregator platform, we add value to the host of payment platforms out there and MFS providers by providing an open loop platform that supports and accepts all other pool of instruments.”
Investor said “I am happy to support this great venture that would change the way we pay for goods and services in Ghana, and happy to add value. I look forward to the day that Mobile Money usage as an instrument for buying and selling of goods and services everywhere would be the common thing and delighted to be part of Zeepay”
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