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Top 5 Retail VC Funds & Investors in Ghana (October 2026)

The most active venture capital funds investing in Ghana Retail startups. This investor list is updated monthly from the Shizune investor database, ranked by number of investments in Ghana Retail startup companies. Find investors to raise a Seed, Series A or Debt Financing round with Shizune.
Investor Relevant Deals Geography Stage Focus Round Size
Verdant Capital
VC Fund
3 Kenya, South Africa, Ghana Debt Financing, Venture - Series Unknown, Seed Financial Services, FinTech, Finance $2M–$30M
First National Bank
VC Fund
2 Ghana, South Africa Debt Financing, Series A Mobile, Retail, FinTech $3.3M–$49M
GreenTec Capital Partners
VC Fund
2 Kenya, Nigeria, Morocco Seed, Venture - Series Unknown, Pre-Seed Logistics, Information Technology, Retail $50k–$1M
Absa Bank Ghana
VC Fund
2 Ghana Debt Financing, Seed, Series A Mining, Mobile, Retail $3.3M–$205M
Good Soil VC
VC Fund
2 Ghana, United Kingdom, Rwanda Seed, Pre-Seed, Series A FinTech, Financial Services, Retail $35k–$940k
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Investor list

Verdant Capital
VC Fund · Port Louis, Port Louis, Mauritius · 3 investments in Ghana Retail startups

Verdant Capital is a specialist corporate finance firm with exception experience transacting across the African continent. Verdant Capital operates in two segments, Financial Institutions and Corporate Finance. It operates from offices in Johannesburg, Mauritius and Accra.

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Investment focus

  • Industry: Financial Services, FinTech, Finance
  • Stage:Debt Financing, Venture - Series Unknown, Seed
  • Geography: Kenya, South Africa, Ghana

Investor stats

  • Total investments: 12
  • Round size: Debt Financing $2M–$30M; Venture - Series Unknown $3M–$13M
  • Lead/follow: 50% lead, 50% follow
  • Last fund: Likely actively investing — fresh fund, raised $1.3M in 2026

Portfolio highlights

  • BFree — BFree focuses its collection processes on sustainably leading customers out of debt by giving them back control over their finances.
  • GoCab — GoCab is fintech solution providing Drive-to-own option for vehicle purchase in Emerging markets, helping to bridge the gap between mobility entrepreneurs and financial services.
  • Zeepay — Zeepay Ghana Limited is a wholly Ghanaian owned Mobile FinancialServices company focusing on providing integrated mobile payments services with mobile wallets targeting the unbanked and banked population with the objective of bringing the unbanked into the financial stream and easing payments and collections for the banked population.Zeepayfacilitates the processing of multiple mobile phone payment transactions, and operates as a aggregator that brings transaction of all players together on one single platform. The company’s core application runs on open source technology, and is designed to integrate all types of payment platforms, banks, merchants, Mobile Network Operators (MNOs), and other companies with subscriber based transactions.
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First National Bank
VC Fund · 2 investments in Ghana Retail startups

Investment focus

  • Industry: Mobile, Retail, FinTech
  • Stage:Debt Financing, Series A
  • Geography: Ghana, South Africa

Investor stats

  • Total investments: 3
  • Round size: Debt Financing $3.3M–$49M
  • Lead/follow: 33% lead, 67% follow

Portfolio highlights

  • Zeepay — Zeepay Ghana Limited is a wholly Ghanaian owned Mobile FinancialServices company focusing on providing integrated mobile payments services with mobile wallets targeting the unbanked and banked population with the objective of bringing the unbanked into the financial stream and easing payments and collections for the banked population.Zeepayfacilitates the processing of multiple mobile phone payment transactions, and operates as a aggregator that brings transaction of all players together on one single platform. The company’s core application runs on open source technology, and is designed to integrate all types of payment platforms, banks, merchants, Mobile Network Operators (MNOs), and other companies with subscriber based transactions.
  • Beachwood Coastal Estate — Private New Coastal Estate with Top-Tier Security, Amenities & Seaside Tranquility. Opulent 3 & 4 Bed Apartments & Freehold Stands For Sale.
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GreenTec Capital Partners
VC Fund · Frankfurt, Hessen, Germany · 2 investments in Ghana Retail startups

GreenTec Capital Partners is Germany's premier investor into African start-ups and SMEs. GreenTec invests through its unique Results4Equity model, acting as a co-founding partner that is only compensated on business success.

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Investment focus

  • Industry: Logistics, Information Technology, Retail
  • Stage:Seed, Venture - Series Unknown, Pre-Seed
  • Geography: Kenya, Nigeria, Morocco

Investor stats

  • Total investments: 25
  • Round size: Pre-Seed $50k–$1M
  • Lead/follow: 80% lead, 20% follow
  • Last fund: May invest from a new fund soon — raised $1.2M in 2017

Portfolio highlights

  • Ecodudu — Ecodudu is a waste-to-value company. It uses a proprietary innovation to recycle organic waste into high-protein animal feed and organic fertilizer using the black soldier fly. It harnesses insects (nature’s recycling agents) to address global issues which include waste management, demand for protein, and environmental conservation.
  • Asilimia — Asilimia is a simple, fun mobile app for sending money through M-PESA quickly and without any transaction fees. Simply deposit money to your M-PESA, download Asilimia and send money for free to any other M-PESA account.
  • ShapShap — ShapShap enhances delivery experience through its commission-based marketplace by assigning efficient orders to drivers to ensure their sustainability and scalability.
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Absa Bank Ghana
VC Fund · Accra, Greater Accra, Ghana · 2 investments in Ghana Retail startups

Absa Ghana Personal Banking

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Investment focus

  • Industry: Mining, Mobile, Retail
  • Stage:Debt Financing, Seed, Series A
  • Geography: Ghana

Investor stats

  • Total investments: 4
  • Round size: Debt Financing $3.3M–$205M
  • Lead/follow: 50% lead, 50% follow

Portfolio highlights

  • Zeepay — Zeepay Ghana Limited is a wholly Ghanaian owned Mobile FinancialServices company focusing on providing integrated mobile payments services with mobile wallets targeting the unbanked and banked population with the objective of bringing the unbanked into the financial stream and easing payments and collections for the banked population.Zeepayfacilitates the processing of multiple mobile phone payment transactions, and operates as a aggregator that brings transaction of all players together on one single platform. The company’s core application runs on open source technology, and is designed to integrate all types of payment platforms, banks, merchants, Mobile Network Operators (MNOs), and other companies with subscriber based transactions.
  • Green Gold Farms — Green Gold Farms is also developing an innovative outgrower scheme that allows smallholder farmers to lift themselves out of poverty by training them on regenerative agriculture best practices, enabling them to produce on larger plots of land, and providing them with all of the necessary inputs and mechanization. Over time, the company aims to cedeits primary production to these smallholder farmers and move up the value chain into processing and, eventually, into manufacturing.
  • Engineers & Planners — Engineers & Planners conducts contract mining services with expertise in mining environments.
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Good Soil VC
VC Fund · London, England, United Kingdom · 2 investments in Ghana Retail startups

We are a venture capital firm that partners with founders to build global, market-defying companies. We fund diverse teams across Sub-Saharan Africa and Europe.

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Investment focus

  • Industry: FinTech, Financial Services, Retail
  • Stage:Seed, Pre-Seed, Series A
  • Geography: Ghana, United Kingdom, Rwanda

Investor stats

  • Total investments: 11
  • Round size: Seed $35k–$940k
  • Lead/follow: 18% lead, 82% follow

Portfolio highlights

  • Livoh — Livoh is a software firm offering live streaming platform so the content can reach its target market.
  • Zeepay — Zeepay Ghana Limited is a wholly Ghanaian owned Mobile FinancialServices company focusing on providing integrated mobile payments services with mobile wallets targeting the unbanked and banked population with the objective of bringing the unbanked into the financial stream and easing payments and collections for the banked population.Zeepayfacilitates the processing of multiple mobile phone payment transactions, and operates as a aggregator that brings transaction of all players together on one single platform. The company’s core application runs on open source technology, and is designed to integrate all types of payment platforms, banks, merchants, Mobile Network Operators (MNOs), and other companies with subscriber based transactions.
  • STEELO STYLE LTD — Join The Steelo Community
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Retail VC funding in Ghana at a glance

Stats across 16 deals from 16 investors.

16
investors
in Ghana Retail startups
16
deals
in Ghana Retail startups
$940k
median round
in Ghana Retail startups
50%
lead investors
lead at least one round
25%
Grant
most common funding stage

Access all 16 VC funds in Ghana Retail startups.

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