Verdant Capital (IMAP South Africa) has successfully completed its fourth major fintech transaction in the last 12 months.  The debt and equity raise for leading challenger fintech, Zeepay, head-quartered in Ghana, follows a USD 20 million equity and debt capital raise for Tugende, an East African technology-enabled asset financing business, an USD 11 million debt capital raise for Retail Capital a technology-driven SME-lender in South Africa, and a USD 13 million equity and debt raise for Planet42 an innovative car subscription business in South Africa.

Zeepay is a pioneer of digital remittances from the diaspora to mobile wallets, bank accounts and visa cards across 20 markets in Africa, where it either operates a mobile money business or has approved partnerships. The business is successfully transitioning into an integrated omni-channel digital payments and value-added financial services provider operating across the continent.  Verdant Capital positioned Zeepay’s USD 7.9 million equity and debt raise as Series A.0.