Zepz secures £212.8m Series E financing from Farallon Capital and other backers to drive growth.
Farallon Capital led the Series E funding round, with participation from existing backers including Leapfrog, TCV and Accel.
Zepz operates digital cross-border payments brands including WorldRemit and Sendwave. The company serves over 11 million users across 150 countries.
Zepz has secured £212.8m in Series E funding to support its ongoing expansion and platform development. The round was backed by new investor Farallon Capital, alongside returning backers including Leapfrog, TCV and Accel.
The capital infusion will be directed towards technology enhancements and strengthening the customer proposition. Zepz aims to capture further market share across its existing corridors and explore new territories following the integration of Sendwave.
The business currently operates in more than 5,000 corridors and continues to scale its digital infrastructure.
From the founder
"Today’s announced raise is another important step in the execution of our strategy. Following the acquisition of Sendwave we have made significant progress with the integration of the different businesses and are retaining both the Sendwave and WorldRemit brands. In that context we are proud to announce the rebranding of our holding Company to Zepz. The additional funds raised enable us to accelerate investment to prosecute our very sizeable growth opportunity whilst further strengthening our high-quality investor base and our mission to provide fair, fast, flexible payments for our customers"
Breon Corcoran
CEO at Zepz
Use of funds
- 01Continue product development
- 02Expand into international markets
