Zepz operates app-based wallets and international money transfer platforms that enable users to send money across borders through bank deposits, cash pickups, mobile money, and airtime top-ups. Its services cater to individuals, families, and businesses requiring fast, reliable, and affordable global payments.
The company manages multiple consumer brands and focuses on simplifying cross-border financial services through mobile-first technology.
What Is Zepz and What Does It Do?
Zepz, founded in 2010, is a London-based (United Kingdom) digital remittance company that operates platforms such as WorldRemit and Sendwave.
Zepz employs 1,001-5,000 people as of July 2024 and serves millions of users across multiple continents. The company enables international money transfers via mobile apps and digital wallets, supporting bank transfers, cash pickup locations, mobile money, and airtime services.
How Much Funding Has Zepz Raised?
1. Conventional Debt
- Amount Raised: $165 Million
- Date: April 2025
- Motivation: To support balance sheet strength and long-term growth initiatives.
Total Funding Raised: $517 Million
Current Valuation: £4.14 Billion (as of Jun 2024)
Latest Funding Date: April, 2025
Key Investors
1. TCV
- Details: A growth equity firm investing in technology-driven market leaders.
- Investment Focus Areas: Fintech, internet platforms, software.
- Notable Investments: Zepz, Airbnb, Netflix, Revolut.
2. TIAA
- Details: A global institutional investor managing retirement and financial services assets.
- Investment Focus Areas: Financial services, technology, global infrastructure.
- Notable Investments: Zepz, Ant Group, global fintech platforms.
Where Is Zepz’s Headquarters?
Zepz is headquartered in London, United Kingdom, giving it strategic access to global financial markets, regulatory bodies, and international payment corridors.
What’s Next for Zepz?
Zepz is focused on expanding its remittance ecosystem through deeper market penetration, new payout corridors, and enhanced wallet functionality. With strong institutional backing and continued investment in compliance and infrastructure, the company is positioned to strengthen its role in global digital remittances and financial inclusion.
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