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Investment Summary

Zeepay Invests In Mangwee Payments

On April 16, 2021, Zeepay invested in information technology company Mangwee Payments

Investment Highlights
  • This is Zeepay’s 1st transaction in the Information Technology sector.
  • This is Zeepay’s 1st transaction in Zambia.

Investment Summary
Date 2021-04-16
Target Mangwee Payments
Sector Information Technology
Investor(s) Zeepay
Deal Type Stake Purchase

Target

Mangwee Payments

Lusaka, Zambia
Mangwee Payments operate as an alternative wallet targeting university students in Zambia with the aim of assisting to drive the cost of mobile money services downward. Mangwee Payments was founded in 2018 and is based in Lusaka, Zambia.

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Investor(S) 1

Investor

Zeepay

Accra, Ghana
Category Company
Sector Information Technology
DESCRIPTION

Zeepay is an African challenger fintech with operations across 20 African countries and 30 days active in 10 of them. The company specializes in paying remittances into mobile money wallets across Africa and is regulated by both Bank of Ghana as an EMI issuer and in the UK as a Money Transfer Operator, by the Financial Conduct Authority. Zeepay is based in Accra, Ghana.

DEAL STATS #
Overall 1 of 1
Sector: Information Technology M&A 1 of 1
Type: Stake Purchase M&A Deals 1 of 1
Country: Zambia M&A 1 of 1
Year: 2021 M&A 1 of 1
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