FasterCapital Backs Zepay’s Innovative Fintech Platform to Drive Financial Inclusion in Nigeria
Lagos, Nigeria & Dubai, UAE – Aug 01, 2025
Zepay, an emerging fintech startup simplifying payments and investments in Nigeria, today announced a strategic partnership with global startup accelerator FasterCapital through its Equitypilot program. This collaboration aims to accelerate Zepay’s market entry and scale its comprehensive digital financial platform across Nigeria’s rapidly growing digital payments ecosystem. Leveraging FasterCapital’s global expertise and capital-raising support, Zepay is positioned to address critical financial inclusion challenges and capture a significant share of the country’s expanding fintech market.
Market Opportunity & Problem Statement
Nigeria’s digital payment market reached an estimated US$18.31 billion in 2023 and is forecasted to grow at a 10.06% CAGR, surpassing US$31 billion by 2028 (Statista). Despite this growth, consumers face fragmented financial services, high transaction fees, slow processing times, and limited access to investment products. Additionally, regulatory-imposed transaction limits on airtime and bill payments restrict user convenience. Zepay targets these inefficiencies by offering an integrated platform that simplifies everyday financial transactions while expanding investment accessibility for Nigeria’s large unbanked and underbanked population.
Startup Solution & Differentiation
Zepay’s user-friendly mobile app enables seamless bill payments, bank transfers, and plans to integrate savings and investment options such as stocks and mutual funds. Unlike competitors, Zepay removes transactional limits on bills and transfers and incentivizes users through a rewards system that earns points redeemable for discounts or cash back. The startup has already secured strategic partnerships with a leading Nigerian bank and a fintech firm to offer high-yield savings and investment services, validating its market fit and accelerating user acquisition. These differentiators position Zepay as a comprehensive, secure, and loyalty-driven financial platform tailored for Nigeria’s evolving digital economy.
FasterCapital Partnership Value
Through FasterCapital’s Equitypilot program, Zepay gains access to tailored mentorship, strategic guidance, and capital-raising expertise essential for scaling operations and refining its product-market fit. FasterCapital’s rigorous selection process ensures only high-potential startups join the program, underscoring Zepay’s innovation and market readiness. This partnership will fast-track Zepay’s growth trajectory, enabling it to expand its user base, enhance product features, and secure additional funding within the next 12 months, positioning it for market leadership in Nigeria’s fintech space.
Executive Quotes
Hesham Zreik, Founder and CEO of FasterCapital, said:
“Zepay embodies the kind of innovative fintech solutions that are transforming financial services in emerging markets. Their comprehensive approach to simplifying payments and investments aligns perfectly with our mission to empower startups with global resources and strategic support. We are excited to accelerate Zepay’s journey toward becoming a market leader in Nigeria’s fast-growing digital payments ecosystem.”
Daniel Charles-Iyoha, CEO of Zepay, commented:
“Our partnership with FasterCapital marks a pivotal milestone in realizing Zepay’s vision of financial inclusion and empowerment. With their global network and expertise, we are well-positioned to scale rapidly and deliver seamless, secure financial services that meet the needs of millions of Nigerians. This collaboration validates our approach and strengthens our commitment to innovation and customer-centricity.”
Growth Trajectory & Future Plans
In the coming 12 months, Zepay plans to launch its savings and investment features, expand its user base through targeted digital marketing and referral programs, and deepen partnerships with financial institutions. The startup is currently seeking $100,000 in funding for a 20% equity stake to accelerate sales, marketing, and operational capacity. Long-term, Zepay aims to become Nigeria’s leading digital financial platform, driving financial inclusion and delivering 10x IRR growth within three years.
About Zepay
Founded by fintech and finance professionals, Zepay is a Nigerian startup dedicated to simplifying payments and investments through a secure, user-friendly mobile platform. By integrating bills payment, bank transfers, savings, and investment services with a rewarding loyalty system, Zepay empowers users to manage their finances with ease and confidence.
About FasterCapital
FasterCapital is a global startup accelerator and venture capital firm that helps early-stage technology companies scale through its Equitypilot program. With a proven track record of selecting and nurturing high-potential startups, FasterCapital provides mentorship, strategic guidance, and capital-raising support to foster innovation in fintech and other technology sectors worldwide.