Zeepay Secures $18M Debt Facility to Support Remittance Liquidity
TLDR
- Ghanaian fintech Zeepay has secured $18 million in senior secured debt financing to strengthen its working capital and support its expansion across Africa
- The debt facility, arranged by South Africa-based Verdant IMAP, will provide the company with float financing essential for managing real-time liquidity
- The facility features a shared-collateral structure, where multiple lenders pledge assets to a common pool held by a neutral security trustee
Ghanaian fintech Zeepay has secured $18 million in senior secured debt financing to strengthen its working capital and support its expansion across Africa. The debt facility, arranged by South Africa-based Verdant IMAP, will provide the company with float financing essential for managing real-time liquidity in mobile money and remittance operations.
Founded in 2014, Zeepay connects mobile wallets, bank accounts, ATMs, and other digital assets to international money transfer and payment services. Operating in over 20 countries, the company enables instant settlement of remittances into mobile money wallets across Africa and the Caribbean.
The facility features a shared-collateral structure, where multiple lenders pledge assets to a common pool held by a neutral security trustee. An independent monitoring agent tracks the value of the collateral daily to ensure transparency and risk management.
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Points clés à retenir
Zeepay’s funding deal highlights a growing need for efficient float financing to support Africa’s expanding digital payment infrastructure. With mobile money and cross-border remittances on the rise, fintechs must ensure liquidity to process instant transfers without delays or credit risk. The $18 million debt facility reflects investor confidence in Zeepay’s business model and the broader opportunity in digitizing remittance flows. The shared-collateral structure also signals growing sophistication in how African fintechs structure capital to attract institutional debt. Zeepay’s focus on real-time settlement makes it a key player in Africa’s remittance value chain, where traditional methods are often slow, expensive, or unreliable. As demand for seamless cross-border payments grows, access to working capital becomes as critical as product innovation. With the IMF estimating Africa will receive over $50 billion in remittances in 2025, platforms like Zeepay are well-positioned to anchor the infrastructure behind those flows, provided they have the liquidity to scale.
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