4 years ago

Zepz Secures $292 Million in Series E Funding, Valued at $5 Billion

  • Zepz, formerly known as WorldRemit, a London-based digital cross-border payments platform, has raised $292 million in Series E funding, achieving a valuation of $5 billion

  • The round includes new equity investors Farallon Capital, among others, as well as backing from existing investors Leapfrog, TCV, and Accel

  • Zepz intends to use the funds to continue investing in its technology, platform, and customer proposition, expand in existing markets, and enter new ones

  • The company operates two brands (WorldRemit and Sendwave), with over 11 million users across 150 countries, generating almost $10 billion in Gross Send Volumes and $338 million in revenue in 2020.

      • ProblemFinancial Services

      "The problem Zepz is trying to solve is providing a digital cross-border payments platform, enabling users to send money across 150 countries."

      Solution

      "Zepz offers a solution by operating two brands (WorldRemit and Sendwave) and facilitating transactions in over 5,000 money transfer corridors worldwide, serving 11 million users."

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