Leapfrog invests in profit-with-purpose businesses across Africa and Asia, reaching millions of consumers with financial services and healthcare.
Portfolio
2
companies
WorldRemit
WorldRemit provides digital cross-border money transfer and payment services for international senders.
Zepz
Zepz provides digital cross-border money transfer services for individuals.
The round was led by Accel to support the company in growing its cross-border operations.
"We certainly saw it during COVID. We’ll see it when there’s an earthquake. We’ll see it when there’s geopolitical unrest in the country. More money will flow in because people get concerned about their families, about their communities, and that’s their time of need."
Farallon Capital led the Series E funding round, with participation from existing backers including Leapfrog, TCV and Accel.
"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"
The Series D financing was backed by returning investors TCV, Accel and Leapfrog Investments to support new product development.
"For more than eight years our core purpose has been and continues to be to help migrants send money to their families, friends and communities. Our customers play a key role in the economies where they work and their remittances are important to their home countries."
