Country: Ghana
Sector of activity: Digital, Tech
Status: Capital investment
Associed fund: IPAE 2
Entrepreneur: Andrew Takyi-Appiah
In portfolio since: 2021


Zeepay is the fastest growing Ghanaian-owned fin-tech, promoting financial inclusion in Ghana. Zeepay focuses on digital rails to connect digital assets such as mobile money wallets, cards, ATMs, Bank Accounts and Digital tokens to International Money Transfer Operators, Payments, Subscriptions, International Airtime and Refugee payments.

Zeepay has experienced exponential growth since its launch in 2016 and currently terminates over 130,000 transactions on a monthly basis

In March 2020, Zeepay became the first Ghanaian-owned company to be issued an Electronic Money Issuer (EMI) licence by the Bank of Ghana. This license enables Zeepay to offer the full spectrum of mobile financial services in Ghana.


The entrepreneur

Andrew Takyi-Appiah is the Managing Director of Zeepay. Andrew is an expert in banking and mobile payments, having accumulated over 15 years of experience in banking and business development, from working in 3 continents: Europe, North America and Africa. His African experience spans across Nigeria, Kenya, Uganda, Rwanda, Ghana, Burundi, Zambia, Malawi and South Africa. Prior to founding Zeepay, Andrew previously worked at PwC (UK), PwC (Ghana), Barclays UK, UT Bank, Ecobank, GT Bank, Nestle and the Commonwealth Secretariat.


Partnership with I&P 

The partnership between Zeepay and I&P (through its fund I&P Afrique Entrepreneurs 2) aims to:

Help Zeepay meet regulatory capital requirements of the license

Support the company on talent acquisition, technology development and customer acquisition


Expected Impacts

Deepen financial inclusion, especially to underserved sections of the population

Catalyze economic development by promoting access to faster, safer and cheaper ways to access international remittances

Create decent jobs across the continent in the technology sector


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