Zepz is a London-based fintech company that powers leading digital remittance brands WorldRemit and Sendwave, enabling affordable, fast international money transfers to over 130 countries from 50 markets.[1][2][4] It serves migrants, low-income consumers, individuals, and businesses by solving high-cost, inconvenient cross-border payments through digital platforms supporting bank deposits, cash pickups, and mobile money, with monthly volumes exceeding $1.3 billion and around 100,000 new customers acquired each month.[2][3][4] Generating $456–515 million in revenue with 1,600 employees under CEO Mark Lenhard, Zepz emphasizes financial inclusion, transparency, competitive rates, and seamless tech-driven transactions.[1][4][7]
Zepz traces its roots to 2009–2010, when it launched as a disruptor in the remittance industry dominated by offline players, initially under the WorldRemit brand.[3][4][7] Founders drew from expertise in fintech to create digital alternatives for international transfers, focusing on speed, safety, and cost reduction to empower cross-border communities.[4] Early traction came from innovative mobile money integrations and expansion to thousands of transfer routes; by 2020, it processed 50 million transactions and $10 billion in volume, leading to the 2021 rebrand as Zepz Pay (group entity) amid rapid growth.[1][6] Pivotal moments include scaling to 5,000+ corridors and global offices, humanizing its mission to celebrate migrants' economic impact.[4][6]
Zepz rides the digital remittance boom, fueled by rising global migration, smartphone penetration in emerging markets, and demand for affordable alternatives to traditional wires like Western Union.[1][4] Timing aligns with fintech deregulation, mobile money growth (e.g., in Africa/Asia), and post-pandemic e-commerce cross-border needs, where Zepz's tech slashes costs for underserved users.[2][3] Market forces like high diaspora remittances ($800B+ annually) favor its model, positioning it against competitors like Airwallex or MoMo while influencing the ecosystem through financial inclusion—unlocking prosperity for migrants and boosting local economies via cheaper, safer flows.[3][4][6]
Zepz is primed for accelerated global expansion, leveraging tech to capture more of the $1T+ remittance market amid rising digital adoption and AI-enhanced personalization.[1][4] Trends like embedded finance, crypto integrations, and regulatory tailwinds for open banking will shape its path, potentially doubling volumes as it eyes new corridors and B2B ecommerce plays.[2][3] Its influence may evolve from disruptor to infrastructure layer, powering broader fintech ecosystems while sustaining growth through purpose-driven returns—reinforcing its role as a leader making borderless finance accessible everywhere.[1][6]
Zepz has raised $920.0M in total across 6 funding rounds.
Zepz's investors include Accel, Balderton Capital, Comal Ventures, DST Global, Index Ventures, Lowercarbon Capital, TCV, Nico Rosberg, Ron Hirson.
Zepz has raised $920.0M across 6 funding rounds. Most recently, it raised $270.0M Series F in October 2024.
| Date | Round | Lead Investors | Other Investors |
|---|---|---|---|
| Oct 1, 2024 | $270.0M Series F | Accel, Balderton Capital, Comal Ventures, DST Global, Index Ventures, Lowercarbon Capital, TCV, Nico Rosberg, Ron Hirson | |
| Aug 1, 2021 | $290.0M Series E | Accel, Balderton Capital, Comal Ventures, DST Global, Index Ventures, Lowercarbon Capital, TCV, Nico Rosberg, Ron Hirson | |
| Jun 1, 2019 | $180.0M Series D | Accel, Balderton Capital, Comal Ventures, DST Global, Index Ventures, Lowercarbon Capital, TCV, Nico Rosberg, Ron Hirson | |
| Dec 1, 2017 | $40.0M Series C | Accel, Balderton Capital, Comal Ventures, DST Global, Index Ventures, Lowercarbon Capital, TCV, Nico Rosberg, Ron Hirson | |
| Feb 1, 2015 | $100.0M Series B | Accel, Ron Hirson | |
| Mar 1, 2014 | $40.0M Series A | Accel, Ron Hirson |
