# Zeepay Ghana

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/zeepay-ghana

- Industry: Software
- Headquarters: Accra, Ghana
- Website: www.myzeepay.com
- Total disclosed funding: $7.5M
- Latest round: Series A (Oct 27, 2023)
- Investors on record: 4

## About

Founded in 2014 and based in Accra, Ghana, Zeepay Ghana Limited, operates as a financial technology company that primarily offers mobile applications for online banking services. The company is entirely owned by Ghanaians with a focus on enhancing financial inclusion. Zeepay has a presence both locally and internationally. In Ghana, its headquarters are located in Accra, opposite the Ghana International School. The company also has a joint venture in the United Kingdom, situated at Hampton House, London. In May 2025,?Zeepay Ghana Limited raised?USD 18 million in venture debt funding from returning investor Verdant Capital. Zeepay offers different financial services. Cash PayOut enables customers to receive international remittances through a network of bank branches, Shell stations, and third-party agents. Mobile Money Services allows users to perform transactions such as cash in, cash out, peer-to-peer transfers, payments, and digital termination of remittances. Bank Termination facilitates direct transfers into bank accounts. VISA Direct Termination allows remittances to be received directly onto VISA prepaid and debit cards. International Airtime provides retail and wholesale clients the ability to purchase or resell international airtime, and Remittance Termination to Mobile, which remittances to be received directly into mobile wallets with extensive agent networks for withdrawals.  Zeepay generates revenue through various channels, including transaction fees from its mobile money services, commissions from international remittance services, and partnerships with financial institutions and money transfer operators. Additionally, the company earns income from the sale and resell of international airtime and other financial products. The company will use the May 2025 funding for further growth and development and to expand its market reach.

## Funding rounds

- Series A, Oct 27, 2023, $2M — Injaro
- Series A, Jun 30, 2021, $4.6M — Ark Holdings, I&P, GOODsoil Venture Capital
- Seed, Nov 14, 2020, $0.9M — GOODsoil Venture Capital

## Investors

- GOODsoil Venture Capital (https://capitalatlas.ai/funds/goodsoil-venture-capital) — Seed, Series A
- Ark Holdings — Series A
- I&P (https://capitalatlas.ai/funds/i-p) — Series A
- Injaro (https://capitalatlas.ai/funds/injaro) — Series A