Zeepay Secures $18M Debt Funding to Boost Remittance Operations
- Zeepay secured $18 million in debt funding.
- The funding will strengthen Zeepay's mobile money float financing.
- The deal was arranged by Verdant IMAP based in South Africa.
The successful acquisition of funding by Zeepay highlights the growing confidence in Africa's digital finance sector. The innovative shared-collateral structure not only enhances Zeepay's operational capabilities but also sets a precedent for other fintech companies in the region to attract investment more efficiently. This could lead to a more robust ecosystem for digital payments in Africa.
