Zepz, an London, UK-based international money transfer company, raised $267m in funding.
The round was led by Accel, with participation from IFC, Leapfrog, TCV, and Coller Capital.
The company intends to use the funds to expand operations and its business reach.
Led by CEO Mark Lenhard, Zepz operates Sendwave and WorldRemit, international money transfer services that facilitate cross-border payments across 90 countries. In 2023, the above brands helped cross-border communities send over $15bn from 50 countries to recipients in 130 countries. They operate over 2800 money transfer corridors worldwide and employ over 1,000 people globally.
The company reached full-year profitability in 2022.
FinSMEs
07/10/2024