Injaro Investment AdvisorsGhanaian private equity manager, announced that it has invested $2 million in equity investment in Series A.5 round for Zeepay Ghana.
Since its inception in 2014, Zeepay has specialized in providing cross-border payments directly to mobile money wallets across Africa and the Caribbean.
Because this matters
This equity investment will enable Zeepay to fund its multi-country expansion efforts and deepen its market share in these new markets.
What they say
Jerry ParksMD of Injaro Investment Advisors, commented:The Injaro team is honored to partner with the Zeepay team, led by Andrew Takyi-Appiah, a dynamic and visionary young entrepreneur from Ghana. We look forward to working together to achieve our ambitious goal of building a successful Ghanaian multinational and a market leader in the fintech space.
It is particularly pleasing that Zeepay is being funded with Ghanaian capital as this ensures that the profits from this investment will flow back into the local economy to trigger a virtuous cycle of economic growth. We believe this investment represents an important first step in creating links between Ghana’s pension funds and excellent local businesses that are important drivers of Ghana’s economic growth“.
Andrew Takyi AppiahCEO of Zeepay Ghana Limited, added:We are delighted to have a local private equity investor from Ghana. This is a testament to the strength of the brand, especially in the current economic climate. I am also happy that the investment will send a strong message that Ghana believes in its own. Thanks to the Injaro team for making this happen.”
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