Ghana | Zambia
Sole Financial Advisor
Majority Stake Acquisition of Mangwee Mobile Money Zambia
Zeepay, the leading African challenger fintech with operations in over 10 African countries, acquired a 51 percent stake in Mangwee Mobile Money Zambia. The stake was acquired through a new issuance of shares.
The transaction is the first of its kind; that two Indigenous African fintechs involved in mobile money operations have come together to grow representing a wind of change ongoing on the African continent. Zeepay’s financial advisor Verdant Capital, acted as Zeepay’s M&A advisor on the acquisition. Verdant Capital expects further cross-border consolidation in the sector in the coming months and years.