Zepz Raises $267M in Series F

Zepz, the company behind global money transfer services Sendwave and WorldRemit, has raised $267 million in a Series F funding round led by Accel. This investment will accelerate Zepz's expansion into new markets and enhance its product offerings.

• Funding Details: The $267M Series F round was led by Accel, with continued support from Leapfrog, TCV, and a potential $20M from IFC (World Bank Group).

• Purpose of Funding: Zepz plans to use the capital to enter new markets and expand offerings like the Zepz Wallet.

• CEO’s Vision: Group CEO Mark Lenhard highlights the focus on growth and innovation to maintain Zepz’s competitive edge.

• Previous Success: This funding follows a $292M Series E round in 2021, valuing Zepz at $5 billion.

• Global Reach: Headquartered in London, Zepz enables cross-border payments in 40 send countries and 90 receive countries, reaching profitability in 2022.

With this latest funding, Zepz is poised to grow its global footprint, introducing new financial products and expanding its service reach, further cementing its leadership in the cross-border payments space.