Zeepay commissions new state-of-the-art office building

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Zeepay Ghana, Africa’s fastest growing fintech, has commissioned its state-of-the-art fintech campus in Cantonments, in the heart of the city of Accra.

The campus was purposely built with high tech facilities which adopts artificial intelligence technology in several of its features. The building also incorporates green tech in its construction and is designed to be energy efficient and environmentally friendly.

The Zeepay Campus also features ultra-modern recreational facilities such as a gym, pool and onsite coffee shop in an effort to promote a healthy work-life balance for staff.

“It is a novel achievement in Ghana and on the continent, that a home-grown company has attained such heights organically within five short years,” a statement from the company said.

Zeepay is a leading mobile financial services company, which was issued the first Electronic Money Issuer License in 2019 by the Bank of Ghana under the current Payment Systems regulatory regime. It is also licensed through its subsidiary in the United Kingdom by the Financial Conduct Authority (FCA) as a Money Transfer Operator (MTO).

The company, known for its mobile money short code *270#, runs a business model which includes paying remittances from over 150 countries across 50 partners directly into digital assets such as mobile money, bank accounts and visa cards using both Zeepay bulk wallets and subscriber wallets with its unique and innovative product offerings.

While enabling receivers to cash out across over 100,000 agent networks in Ghana, Zeepay closed 2020 with 2.4 million transactions valued at US$400 million in total processed volume and a current subscriber base of 600,000.

The company’s Founder and Managing Director, Andrew Takyi-Appiah recently told Techgh24 that amid Covid-19, it recorded a whopping 262% growth in volume of transaction, which is way about the target of 150% they set for themselves in 2020.

He also stated, in that interview that the company is focused on global dominance, and as part of that journey, they are poised to become the second biggest mobile money operator in Ghana this year, 2021.

The MD thanked the company’s partners “for believing in us, as we couldn’t have done this without you. Special thanks to all our Club Partners for their immense contributions and to my family. I dedicate this building to the memory of my mother Adelaide Afua Baah. May God bless you all.”

“What you see today is an efficient use of capital to achieve such great success, and we commend our Managing Director Andrew Takyi-Appiah and his team for such performance,” said Sir Daniel Gyimah, the Chairman of the Finance and Audit Sub Committee.

He added that “Right from the start we instituted high governance programmes with the aim of becoming a key player in the near future. It is rare that a fintech can deploy with as little as USD 450,000 in seed funding and within five years grow its balance sheet from about GHS 1 million in 2016 to about GHS 65 million in 2020, meet regulatory cash capital of GHS 20 million and close the year with a wonderful edifice,”.

Chairman of Zeepay Board of Directors, Paa Kwasi Yankey said “The Zeepay story is remarkable and we are happy that it has been told out of Ghana with local backing.”

He noted that the new office building has a multi-million dollar value and is situated in a prime location in Accra, adding “We chose Cantonments to give us direct access to the new business district in the area where companies like VIVO, PwC and E&Y amongst others are located.”

Chairman of the Governance and Compliance Sub Committee, Zoe Phillips also stated Zeepay can currently boast of an employee strength in excess of 60 staff members and a world class compliance culture.

“We are indeed proud of our achievement and consider this new Zeepay Campus a monument representing all our hard work. As we celebrate this milestone, I wish the MD and team well, and encourage them to work hard for a successful 2021 and beyond,” he added.

About Zeepay

Zeepay is the fastest growing mobile financial services company across Africa with operations in Ghana and United Kingdom and terminating to 20 countries across Africa with termination agreements in over 90 jurisdictions globally. We specialize in remittance termination into mobile wallets and are completely network and partner agnostic. We are a wholly owned Ghanaian company and regulated in the UK by Financial Conduct Authority-FCA # 592538 and in Ghana by Bank of Ghana- PSD/ZGL/20/03 under the Payment Systems and Services Act, 2019 (Act 987). Zeepay supports Sustainable Development Goals (SDG) 3 and is considered a Financial Inclusion Company positioned to improve last mile access. Visit myzeepay.com for more information.

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