Injaro Investment Advisors, a Ghanaian a private capital fund manager, has announced that it has invested $2 million equity investment in the Series A.5 round for Zeepay Ghana.
Since its inception in 2014, Zeepay has specialized in providing cross-border payments directly into mobile money wallets across Africa and the Caribbean.
Why This Matters
This equity investment will allow Zeepay to finance its multi-country expansion efforts and to deepen its market share in these new markets.
What They’re Saying
Jerry Parkes, MD of Injaro Investment Advisors, commented: “The Injaro team is honoured to partner with the Zeepay team, which is led by Andrew Takyi-Appiah, a dynamic and visionary young Ghanaian entrepreneur. We look forward to working together to achieve the ambitious goal of creating a successful Ghanaian multinational and a market leader in the fintech space.
It is especially gratifying to finance Zeepay with Ghanaian capital as this ensures that profits from this investment flow back into the local economy to trigger a virtuous cycle of economic development. We believe that this investment represents an important first step in building linkages between Ghana’s pension funds and exceptional local businesses which are important drivers of Ghana’s economic growth”.
Andrew Takyi Appiah, CEO of Zeepay Ghana Limited, added: “We are delighted to have a Ghanaian local Private Equity investor come on board. This is a testament of the strength of the brand, especially in the current economic climate. I am further delighted that the investment will send a strong signal that Ghana believes in its own. Thank you to the Injaro team for making this a reality.”
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