BezoMoney, a Ghanaian fintech startup based in Accra, has secured $200k in a seed funding round led by Goodsoil VC, a venture capital firm based in London.
BezoMoney is a transformational platform that brings financial access to Ghanaians who are unbanked and under-served by the existing financial system. BezoMoney is transforming how Ghanaians access financial services by employing cutting-edge technology and community engagement to adapt and cost-effectively apply financial solutions.
The funding will be used to acquire the Payment and Financial Technology Service Providers (PFTSP) license in Ghana and build and deploy new products, including BezoCredit, an interest-free credit BezoInvest, an investment product.
We founded BezoMoney because there is a significant gap in African credit markets. Our mission is to connect Africans with financial services and expand financial inclusion. Our vision is to change the way people finance their everyday lives so that they can have peace of mind and live with more dignity, says CEO Mubarak.
Taking the next step towards financial empowerment, the company is currently working on beta testing and launching BezoSusu 2.0, launching the BezoSmart Series that features a podcast to provide financial literacy content to the informal sector and young individuals and establishing partnership relations with financial institutions and mobile money providers.