A mobile-native remittance company acquired by Zepz to expand its reach in Africa and Asia.
The $11 Billion Shift: How Ghana’s Diaspora Is Pivoting To Fintech Apps To Send Money Home
Ghana recorded $6.65 billion in remittance inflows in 2024, with informal channels bringing the total to $11.5 billion. Fintech startups have reduced traditional remittance fees from 7-12% to as low as 1-3%.
Payment unicorn Zepz raises $267 million from World Bank, Accel and TCV
Zepz raised $267 million for expansion in Africa. The company reached profitability for the first time two years ago.
From InstaDeep to Paystack: Here are Africa’s biggest startup exits and how much they raised
Decline in venture investment within startup ecosystem linked to lack of exit volume and value. Number of M&A exits in Africa dropped in 2022, alongside a decrease in venture capital investment.
