Zephyr Introduces Treasury Services to Support African Startups Amid Banking Challenges
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“In response to the growing challenges African startups face in accessing reliable banking services for their US holding companies, Zephyr Africa has launched a dedicated treasury management service.”
Below is an excerpt from the post that first appeared on “Tech Cabal” on 21 January 2025.
With over 30 years of experience in asset management and a longstanding commitment to the markets in which they operate, Zephyr’s goal is to offer a stable and yield-focused portfolio that includes U.S. Treasury securities and AAA-rated corporate fixed-income investments. The service intends to provide flexible liquidity, seamless integration with existing financial systems, and full transparency through real-time account access.
Zephyr’s approach is designed to be client-centric, emphasizing personalized treasury solutions that align with the strategic needs of startups. Companies can open accounts in their name, which is designed to ensure compliance and peace of mind, while gaining from Zephyr’s experience in investment management and start-up finances. The service targets competitive yields, higher than some typical money market funds, allowing startups to extend their financial runway without compromising on security.
“We understand the unique challenges of venture businesses in Africa,” said Lorcan O Cathain, Managing Director of Zephyr Africa. “Our goal is to ensure that African startups have access to attractive treasury management services, enabling them to focus on scaling their operations while we strive to safeguard and grow their reserves.”