Zepay, a fast-rising Nigerian fintech startup simplifying payments and investment access, has entered into a strategic partnership with global venture accelerator FasterCapital under its LaunchUp Program.
The partnership is designed to turbocharge Zepay’s go-to-market strategy and strengthen its position in Nigeria’s booming digital financial ecosystem.
Through this collaboration, Zepay will leverage FasterCapital’s vast global network, capital-raising support, and mentorship infrastructure to scale its platform and bring inclusive financial services to underserved populations across Nigeria.
Addressing Nigeria’s Fragmented Digital Finance Market
Nigeria’s digital payments market hit an estimated $18.31 billion in 2023 and is projected to surpass $31 billion by 2028, growing at a CAGR of 10.06%, according to Statista.
Yet, despite the strong growth trajectory, millions of Nigerians still face daily challenges, high transaction fees, slow processing times, fragmented financial services, and limited access to savings or investment tools.
Zepay aims to close these gaps with a unified mobile platform that simplifies bill payments, bank transfers, and soon, high-yield savings and investment options.
What Makes Zepay Different?
Zepay’s mobile app offers a no-limits, reward-driven experience for users. Key features include:
- Uncapped transactions on airtime, bills, and transfers.
- Gamified rewards system offering redeemable points for cash-back and discounts.
- Planned integration of stocks, mutual funds, and savings plans.
- Partnerships with a top-tier Nigerian bank and a fintech investment firm, enabling high-yield financial products for everyday users.
This positions Zepay as a secure, comprehensive, and loyalty-based platform, purpose-built for Nigeria’s digital-first economy.
Backing from FasterCapital
FasterCapital’s LaunchUp program offers Zepay a blend of strategic advisory, product refinement, fundraising support, and mentorship.
The program only selects high-potential startups with strong product-market alignment, affirming Zepay’s innovation and execution capacity.
“Zepay embodies the kind of innovative fintech solutions transforming financial services in emerging markets,” said Hesham Zreik, founder and CEO of FasterCapital. “We’re excited to support their journey as they tackle financial inclusion in one of Africa’s most dynamic markets.”
“Our partnership with FasterCapital is a major milestone in realizing our vision for inclusive, user-centric digital finance,” added Daniel Charles-Iyoha, CEO of Zepay. “This support accelerates our ability to deliver seamless, accessible financial services to millions of Nigerians.”
Next Moves & Funding Outlook
In the next 12 months, Zepay will:
- Launch its investment and savings products.
- Drive user growth through targeted digital marketing and referral campaigns.
- Deepen partnerships with banks and institutional investors.
- Expand engineering, marketing, and operations to meet growing demand.
To fund this growth, Zepay is seeking $250,000 in exchange for a negotiated equity stake. The funding will be channeled into sales, product development, and scalable infrastructure.
With this roadmap, Zepay projects a 10x IRR within three years and aims to become Nigeria’s leading digital financial platform, redefining how Nigerians interact with money in a mobile-first world.
