Zeepay Ghana Completes One Of Africa's Largest Series A Fund Raise At USD7.9 Million To Drive Balance Sheet Growth | AmeyawDebrah.com (2024)

Zeepay, Africa’s leading challenger Fintech today announces completion of its Series A.0 fund raise in a round led by Investisseurs & Partenaires (I&P). The leading Ghanaian Fintech announced that it has completed a fundraise of USD7.9 million in its Series A.0 which was a hybrid of both equity and balance sheet funds tosupport its operations. 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.

The fund raise was led by I&P, an impact investing group with over USD250m in assets under management in the amount of USD3 million, and supported by ARK Holdings, a privately held family investment portfolio on behalf of Andrew Takyi-Appiah (Managing Director) and Zoe Takyi-Appiah in the amount of USD800,000. GOODsoil VC, an African-focused early-stage venture capital firm committed a follow-on investment to the tune of USD800,000 and were advised by Obsidian Achernar, a financial services firm licensed by Bank of Ghana. The transaction advisors for this raise were Verdant Capital and JLD & MB legal Consultancy.

The company raised a debt of USD3.3 millionto drive balance sheet activities mainly for liquidity purposes which was led by Absa Bank Ghana in the amount of USD1.8 millionand USD1.5 millionsupported by First National Bank Ghana. Zeepay, prior to the fund raise had efficiently deployed a total of about USD450,000 since its go-to-market in May 2016 to achieve a cumulativeaverage growth rate of about 146 percent during the 5 years leading to these transactions. An exciting story on the continent, full of hope and inspiring for the New African – that is the young African looking to chart their own path through start ups across the Continent.

Andrew Takyi-Appiah, Managing Director and Founder of Zeepay mentioned that “Our raise of USD7.9 million in Series A.0 gives Zeepay a strong capital table, ahead of closing our Series A.5 in the coming months. I am delighted to mention that the raise is coming at the time when we have successfully moved into our new Commercial Property in Accra.”

Mr. Takyi–Appiah further mentioned that “Our performance, I believe is attributable to the Grace of God. Indeed, it is my wish that our Founding Chairman, Dr. Anthony Kwasi Appiah, was here today as we sign this deal. He played a pivotal role in getting the company to where it is today. May his soul continue to rest in peace. I would also like to take the opportunity to thank Mr. Kwame Achampong-Kyei and the GLICO Group for their diligentsupport over the last 5years.”

According to Mr. Paa Kwesi Yankey, the Chairman of Zeepay, “Our strategy remains to drive our remittance to digital assets agenda across Africa and the Caribbean and we are excited by the rate of expansion. We have a number of strategic acquisitions lined up and anticipate closing before year end”. “We look forward to being able to expand our operations beyond our current 20 countries and increase our active 30-daybusiness from 13 markets to 20 plus markets across Africa. Indeed, what we celebrate today could not have been possible without the passing of the Payment Systems Act 2019, which has been a very progressive Government initiative.”

Ruth Amenu, Chairperson, Zeepay UK mentioned “the additional funding is a landmark for a wholly owned African Company, and a testament of how technology has democratised the world to give Zeepay a seat at the table. For a business that started from such humble beginnings, this story is remarkable and inspiring. It is my prayer that this motivates the African Youth that “It is possible to succeed when you put your mind to it”.

Baafour Otu-Boateng, Investment Director at I&P remarked, “Zeepay has proven itself unique in its ability to take a leading position in the rapidly growing world of African fintechs while delivering profitability. We are excited to partner with a management team that has demonstrated a robust track record of delivering innovative products and services that transform the remittance and mobile money ecosystems. As an impact investor, we look forward to supporting Zeepay’s remarkable growth story as the company deepens financial inclusion for millions of users across Africa.”

Ashley Thompson-MacCarthy, CEO at Obsidian Achernar remarked, “We are delighted to deepen our partnership with Andrew and the incredible Zeepay team, as they scale and roll out mobile money and remittance services across the continent. With remittance flows exhibiting considerable resiliency in times of pandemic-induced disruption, Zeepay has grown from strength-to-strength and the current fund-raise is a testament to the Company’s value and potential. As an Africa-focused financial services firm, we are driven by an unyielding commitment to contribute to the creation and furtherance of lasting economic growth and development on the continent and are excited to work together with an entity which shares our ethos.

Merene Benyah, Founding Partner of JLD & MB Legal Consultancy, mentioned – “We are extremely proud of our client Zeepay for this landmark raise and pleased to have supported Zeepay since its inception in 2014. Zeepay is a strong brand and comes to the transaction with a lot of experience and insight. Thesuccessful close of both debt and equity at the time when most markets have contracted is a strong indication of the trajectory that the company is on. We believe their success today will put Ghana once again on the world map and confirms the Zeepay as a strong contender in the Fintech space.

According to Verdant Capital, Zeepay has the potential to transform how Africans implement payments across borders and domestically and how these payments are integrated into value-added services such as credit and insurance. Zeepay has built a formidable market position in its anchor market of Ghana, which it is now replicating in synergistic markets across the Continent. Verdant expects this strategy to continue to drive rapid revenue growth, profitability and financial inclusion.

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When considering the benefits of skin tightening, it’s important to understand the underlying causes of skin laxity. As you age, your skin’s production of collagen and elastin—two proteins responsible for its firmness and elasticity—diminishes. This reduction leads to what many experience as loose or sagging skin, commonly seen on the face, neck, and other body parts. Skin tightening procedures aim to counteract these signs of aging by encouraging the regeneration of these vital proteins, restoring a more youthful contour to your skin.

Exploring skin-tightening options reveals various treatments, ranging from minimally invasive techniques to more extensive procedures. Each method has a unique approach to stimulating collagen and elastin production. For instance, individuals looking for skin tightening in Calgary might opt for treatments like radiofrequency, ultrasound, or laser therapies designed to target different skin depths and concerns. The effectiveness of these treatments varies based on individual factors such as skin type, age, and the area being treated.

It’s crucial to set realistic expectations while considering skin tightening procedures. While some treatments offer immediate improvements, others may require a series of sessions to achieve the desired results. Understanding the potential benefits and limitations of each option will help you make an informed decision tailored to your specific needs. Consulting with a dermatologist or a skin care professional can provide you with personalized advice and ensure that you select the most appropriate and effective treatment plan.

Understanding Skin Tightening Treatments

Skin tightening treatments are designed to address skin laxity by stimulating collagen production, improving firmness and elasticity. Understanding the various procedures and their effects can help you make an informed decision.

Types of Skin Tightening Procedures

There are multiple skin tightening procedures that cater to different needs and skin types. Non-surgical treatments like ultrasound skin tightening, radiofrequency, and intense pulsed light (IPL) therapies provide less invasive options, ideal for those looking to minimize downtime. These treatments heat the skin to promote collagen and elastin production. Laser treatment and microneedling also fall under the non-surgical category, with effects that can include improved skin tone and texture.

Factors Affecting Skin Tightening

Several factors impact the effectiveness of skin tightening treatments. The condition of your skin, including skin types, skin tone, and degree of aging, plays a critical role. Procedures may vary in effectiveness, especially when addressing sagging skin, fat distribution, and the presence of fine lines and wrinkles. The protein quality within your skin and existing skin laxity also determine the suitability and potential success of a treatment.

Expected Results and Longevity

When considering a skin tightening treatment, set realistic expectations about results and how long they may last. Non-surgical options often require multiple sessions and offer gradual improvements. The longevity of results can vary from months to years, depending on the treatment type and individual factors, such as lifestyle and age. Maintaining a consistent skincare routine and protecting your skin can prolong your treatment outcomes.

For those considering advanced skin tightening treatments to achieve firmer skin and refined contours, it’s essential to consult with a healthcare provider to discuss suitable options and learn more about how you can benefit from these procedures. They can guide how to stimulate collagen production effectively and suggest the best course of action based on your unique skin characteristics and treatment goals.

Safety and Side Effects

When considering skin tightening treatments, it’s essential to understand the potential side effects and how to reduce risks to ensure a safe experience. This section addresses common concerns and considerations.

Common Side Effects

Many non-surgical skin tightening procedures are associated with minimal downtime and few side effects. However, even when performed by a licensed provider, you might experience mild redness, swelling, or a tingling sensation immediately following treatment. Heat applied during the procedure can cause discomfort, but this typically diminishes soon after completion. Some individuals may also notice minor bruising, but such effects usually resolve within a few days.

Minimizing Risks

To minimize risks, choose an approved, minimally invasive technique offered by licensed and experienced professionals. Ensure that the provider has a solid track record with your specific skin concern. Special considerations to prevent hyperpigmentation should be taken if you have darker skin tones. Downtime is generally low, but it’s vital to follow your provider’s aftercare instructions, including the use of sunscreen and gentle skin care products to support recovery.

Considerations for Specific Skin Conditions

If you have underlying skin conditions such as eczema, acne, or a history of skin cancer, you must discuss these with your provider. Some treatments may not be suitable, and safety always takes precedence. For instance, procedures that generate heat might aggravate eczema or acne. Moreover, if you have darker skin, you should ensure the treatment is compatible to prevent adverse effects like changes in pigmentation. It’s crucial to use sunscreen regularly before and after treatment to protect your skin and maintain its benefits.

Conclusion

Remember to prioritize treatments backed by substantial research and results in exploring skin tightening benefits. Opt for methods that best align with your skin type and health considerations while being mindful of the temporal nature of some solutions. Regular maintenance and proper skincare, including moisturization and sunscreen application, are indispensable to maximize and sustain desired outcomes. Through due diligence and informed choices, you can effectively work towards achieving a firmer and more youthful skin appearance.

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The Church of Jesus Christ of Latter-day Saints has provided a range of items to persons with disabilities (PWDs) at Ekumfi in the Central Region, prioritising women with disabilities and mothers caring for children with special needs.

This initiative echoes the International Women’s Day theme: ‘Count Her In, Inspire Inclusion’ by aiming to empower marginalized communities and uplift the underprivileged.

In an interview, the Area Seventy of the Church of Jesus Christ of Latter-Day Saints, Elder Anthony Kaku, stressed the pivotal role of aid and assistance in fostering stronger, more resilient communities while reiterating the church’s commitment to supporting those in need. “When the community asked for our help, we looked and realised we could afford to help them, so we did. We came here to support those who are in need,” he said.

He further explained that the donation included a variety of essential items. They include 30 wheelchairs and 10 pairs of crutches which will be helpful for those with mobility challenges; 300 packs of sanitary pads will address hygiene needs; school supplies included 1,000 notebooks, along with 1,000 pens; food items were 200 bags of 5-kg bags of rice, 17 cartons of cooking oil, five bags of gari, and three bags of beans.

“This is something we do throughout the country. I have attended several of these things that we have done, so we look at how they are going to help the community. We give what will benefit the communities and institutions. Cape Coast, for example, we gave some to the police, we gave them things to work with, and there are many other institutions that I have attended,” Elder Kaku revealed.

He emphasized the importance of community support arguing that if everyone contributes even a little to help those in need, the burden on the government would lessen, adding that mutual aid is a cornerstone of a strong society.

Chief Executive Officer (CEO) of Legendary Capital Events/Kidzplace, Eunice Smart Kwainoe, who received some of the items on behalf of the beneficiaries highlighted the challenges faced by women in Ekumfi, whilst highlighting the importance of investing in education, healthcare, and economic opportunities to unlock their full potential.

“Despite these countless accomplishments of women, we must also acknowledge the challenges that many of our sisters face each day. In Ekumfi, as in many other parts of the world, women encounter barriers that prevent them from actualising their full participation in society, such as limited access to education, healthcare, economic opportunities, and decision-making roles. Additionally, cultural norms and gender stereotypes often constrain the potential of our women, limiting our ability to thrive and succeed,” she noted.

She advocated for a two-pronged approach to girls’ empowerment – local action and education. By investing in local initiatives and equipping girls with skills through education and training, they will gain the tools to reach their full potential and uplift their communities.

Mrs. Kwainoe also highlighted two key areas for women’s empowerment, namely, healthcare and economic opportunity. She said prioritising women’s health through accessible services and fostering economic participation through entrepreneurship or employment are crucial. She also emphasised dismantling gender stereotypes to create a society that respects and values women’s contributions.

Speaking to the Chairman of Center for Employment for PWDs and the Chamber for Entrepreneurs with Disabilities, Alex Kojo Tetteh called on authorities to ensure that public places are friendly for people with disabilities, enabling them to access employment opportunities and contribute meaningfully to society.

“It is very difficult for people with disabilities to access employment centres because the centres are not assessable, they are not friendly, public places are not friendly, and hospitals are not friendly. We call on every development-oriented person, to ensure that our public places are accessible and friendly for persons with disabilities, so the disabled people will also be able to work to earn income,” he said.

He added that when persons with disabilities (PWDs) work and are able to generate income, they become self-reliant and support the development of their communities. Mr. Tetteh whilst thanking the Church, said the items would “really benefit us all.”

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Introduction

In the vast arsenal of lightsabers that captures our fascination within the Star Wars universe, an unorthodox elegance is represented by a pink blade. It’s so classic blue and green dominate but Star Wars pink lightsaber has had a history as colorful as its color. Despite its rarity in films and expansion into expanded lore this unusual weapon represents personal identity and ignites the spirit of inquiry.

As such, whether you are a seasoned collector with a replica or attracted to it because of its unconventional beauty there are facts about pink lightsabers that we shall look at pertaining their significance to the Star War galaxy.

The Origins of the Pink Lightsaber

The pink lightsaber isn’t your typical blue or green blade, but it’s no less important in Star Wars lore.

Debuting in the Expanded Universe, these unique lightsabers hinted at a deeper connection to the Force. Often wielded by Jedi known for their diplomacy and empathy, the pink glow symbolized balance and compassion.

These Jedi weren’t just warriors, they were peacekeepers and mediators, using their sabers not just for combat but to foster understanding. This association with positive traits like empathy and diplomacy continues to fuel the fascination with pink sabers. Even though they might not be as common as their blue and green sabers, these lightsabers represent a unique approach to the Force, one that resonates with many Star Wars fans.

Notable Pink Lightsabers in Star Wars Canon

Star Wars Pink lightsabers might be a rarer sight in the Star Wars galaxy compared to the classic blue and green, but they’ve still managed to make a splash.

Take Ahsoka Tano, Anakin Skywalker’s former Padawan. Her unique white lightsabers, powered by special kyber crystals, glowed with a pinkish hue. This wasn’t just a cool detail, it reflected Ahsoka’s journey as someone who walked a path between Jedi and Sith. The pink blade became a symbol of her individuality and her own connection to the Force, separate from the traditional Jedi and Sith alignments.

So, even though they’re less common, these lightsabers add another layer of depth and intrigue to the Star Wars universe.

Collecting Pink Lightsabers

Ditch the standard blue and green, Star Wars enthusiasts! The hunt for a pink lightsaber is a quest for something truly unique.

Do you crave a replica of Ahsoka Tano’s unconventional blades, imbued with the echoes of her independent journey? Or perhaps you yearn to design your own, a personalized expression of your connection to the Force?

Whichever path you choose, a pink lightsaber injects a dose of individuality into any collection.

The Force is strong with custom saber makers too! Many are wielding the power of pink, offering blades in this captivating shade. Unleash your inner Jedi and create your own custom masterpiece.

It’ll be a conversation starter guaranteed to turn heads, and a treasured tribute to the nuanced beauty of the Force. After all, the Force isn’t limited to just blue and green. It flows through all, and a pink saber can be a powerful symbol of your own unique connection to this universal energy.

So why not embrace the unconventional and let your lightsaber reflect your inner spark?

The Symbolism of the Pink Lightsaber

The lightsaber’s appeal goes beyond its eye-catching color. It carries a deeper meaning within the Star Wars universe.

We all associate pink with love, compassion, and understanding – cornerstones of the Jedi philosophy.

For a Jedi wielding a pink lightsaber, it’s not just a weapon, it’s a constant reminder and a public declaration of their unwavering commitment to these ideals. It’s like a walking billboard that reads: “Spreading peace and harmony through the Force!” Pretty cool, right?

It just goes to show how something as simple as a lightsaber color can speak volumes about the character wielding it.

So next time you see a pink lightsaber, remember, it’s not just about the aesthetics; it’s a symbol of a Jedi’s unwavering dedication to the light.

Conclusion

Don’t just settle for the usual blue or green!

The pink lightsaber brings a touch of the unexpected to the Star Wars universe. These unique blades, while less common, hold a special place for collectors and fans alike.

Whether you’re on the hunt for a rare addition to your collection or simply drawn to the elegant design, this lightsaber embodies beauty, balance, and compassion.

It’s a reminder that the Force can be wielded in many ways, and that even a less-common lightsaber color can pack a powerful punch.

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Prepare to be dazzled as the runway beckons and dreams take flight with the second season of West Africa’s hottest reality show, “The Model International.” This electrifying competition is not just about beauty – it’s about ambition, talent, and the pursuit of the modeling world’s ultimate prize.

Calling all young ladies aged 18 to 26 across West Africa: it’s time to step into the spotlight and showcase your unique charm and style. “The Model International” offers more than just fame – it offers a life-changing opportunity. Imagine winning $2000.00 and securing a coveted modeling contract with one of the region’s top agencies – it’s a chance to turn your passion into a profession!

Registration is a breeze – simply visit www.themodelinternational.com or dial *920*47# on all networks to kick-start your journey to stardom. For a registration fee of GHS100.00, you could be on your way to fulfilling your runway dreams.

But wait, the excitement doesn’t stop there! Auditions will be held in multiple cities across Ghana, ensuring that talent from every corner of the country gets a chance to shine. From the vibrant streets of Tamale to the bustling energy of Accra, the search for the next top model is on:
Tamale: Saturday, 5th April
Kumasi: Tuesday, 9th April
Takoradi: Friday, 19th April
Cape Coast: Sunday, 21st April
Accra: Thursday, 2nd May
Got questions? Need guidance? Reach out to the organizers at 054 514 9022 or 050 890 6222. And for exclusive updates, sneak peeks, and insider info, follow @TheModelInternational on all your favorite social media platforms.

But here’s the real kicker – mark your calendars for Saturdays from 8pm to 9pm because that’s when the magic happens. “The Model International” will be hitting your screens on Metro TV, DSTV channel 277, GOTv channel 170, HD + 127, and MultiTV Digibox, delivering glamour, drama, and fierce competition right to your living room.

So, are you ready to take the fashion world by storm? Don’t miss your chance to be part of the phenomenon; “The Model International.” Get ready to strut your stuff, strike a pose, and let your inner star shine!

The Model International! Be That Model!!

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In a world where our lives often whirl in a ceaseless rush, luxury holidays offer a sanctuary of tranquillity, allowing for rest, rejuvenation, and refined indulgence. These exclusive experiences orchestrate a serene symphony, inviting one’s senses into a captivating realm of relaxation. Specifically, these bespoke journeys are crafted with opulence, comfort, and pleasure and promise to redefine the art of pampering. Join us and embark on an exploration of luxury holidays, where each sensory delight unfolds a fresh narrative of gratification.

Visual Splendour: Revel in Breathtaking Beauty

At the heart of luxury travel lies the allure of mesmerising visuals. Let us be more specific. From the majestic charm of historic landmarks to the sleek elegance of modern resorts, each sight promises to inspire awe. However, there are lots of travellers who face eye difficulties and they do not have a clear vision. If you desire to enjoy your journey to the fullest, find an ophthalmologist and ask whatever you want regarding your eye health.For instance, a sojourn at a Maldivian resort epitomises this adventure.Without any doubt, the crystal-clear waters that embrace the luxurious over-water bungalows create a scene of unparalleled elegance. At the same time, the interiors seamlessly blend contemporary design with local artistry. This results in cocooning travellers in luxury. This visual spectacle transcends mere aesthetics, leaving a lasting imprint on someone’s soul.

Gastronomic Delights: A Symphony of Flavours

Apart from the sights of a place, luxury holidays offer a gastronomic journey like no other, immersing travellers in a world of epicurean pleasures. It is strongly recommended that you follow the appropriate advice of a luxury tour operator who knows exactly what you need for an exquisite expedition. Destinations like Tuscany, Italy, boast a culinary landscape steeped in history and tradition. There are several historic vineyards and personalised cooking masterclasses where you are able to get involved in immersive wine tasting experiences which undeniably reveal the secrets of Tuscan cuisine. So, every culinary encounter enlivens the senses. These gastronomic adventures awaken the palate, orchestrating a harmonious dance of flavours that lingers long after the journey ends.

Sensory Serenity: Embracing Tranquillity through Touch

A hallmark of luxury holidays is the emphasis on physical relaxation, nurturing a deep sensory connection through curated wellness experiences. Imagine yourself amidst the serene environs of a Balinese wellness sanctuary where the rhythmic strokes of ancient therapies weave a tapestry of comfort and renewal. Surrendering to the gentle touch of skilled practitioners, opulent amenities cocoon you in a realm of tranquility, transporting you to a place of serene calm. The melodious symphony of natural sounds serves as the perfect accompaniment, harmonising with each peaceful moment and nurturing both body and soul. Within this realm of sensory delights, each touch becomes a gesture of healing.

In wrapping up, opulent escapades go beyond the ordinary, crafting a sensory symphony designed to enchant.Ultimately, with captivating visuals, tantalising flavours, and soothing tactile experiences, luxury escapes serve as an excellent gateway to inner equilibrium, beckoning travellers to embrace the art of sensory fulfillment and emerge revitalised, refreshed, and prepared to tackle life’s challenges anew. As a consequence, each one leaves an unforgettable mark, evoking a yearning for tranquil wonder.

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The just-ended Africa Cup of Nations lived up to the hype for many stakeholders including Ghana’s Juliet Bawuah.

The well-respected Juliet was recruited by the continental governing body, Confederation of African Football (CAF) to perform Venue Editor duties. And, just as she has done in previous engagements, this, too, she rose to the occasion, delivering excellently.

As the Venue Editor for Bouaké, which was one of the host cities for the tournament, her quality shone through, giving off her very best.

In a post on her socials after the tournament reflecting on the entire experience, she said: “I am glad to have played a part in this as Venue Editor in Bouaké and other times in a supporting role as Media Officer. Even though I have worked on two recent FIFA World Cups in similar roles, this was new territory. I embraced it as a whole, working and serving the media.”

She also praised the complete organization of the tournament and all who worked tirelessly around it.

Read Also:Juliet Bawuah moderates at World Football Summit

“Cote d’Ivoire showed up as hosts. From infrastructure to the passion of the people, they were just about the right hosts for this tournament. Capping it with a fairytale win was the icing on the cake.

“Africa certainly looks forward to the next tournament in Morocco. Just as the Ivorians did, they too, will raise the bar.”

Juliet Bawuah is a multiple award-winning Ghanaian Journalist. She was Sports Journalist of the Year (Ghana Journalists Association Awards, 2022) and Sports Journalist of the Year at the Sports Writers Association of Ghana (SWAG) Awards, 2022.

She is a Presenter/Producer for Africa’s biggest sports broadcaster, SuperSport. She is a co-host on the network’s highly watched weekly sports discussion show Superpicks. Prior to joining Supersport, she was Group Head of Sports at Media General, a leading Ghanaian media enterprise with over 8 properties in television, radio, digital and live productions.

Her extensive experience has seen her work with the football governing body, FIFA, at two World Cups in various capacities, including match day media coordination and pitch side interviews for host broadcasters and global feeds. She is also a CAF Match Day Media Officer.

Bawuah is a go-to correspondent for dozens of leading global media brands, including the BBC, DW, Premier League TV, Aljazeera, TRT World and France 24. Bawuah consults for the Confederation of African Football (CAF) across a number of competitions and initiatives. She is a two-time finalist of The International Sports Press Association (AIPS) Awards and also the Founder of the Africa Women’s Sports Summit.

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