London-based fintech company Zepz’s $267 million series F investment round was led by Accel. The company’s investment round included Leapfrog, TCV and International Financial Corporation.
Fintech company Zepz received $267 million investment. The company’s $267 million series F investment round was led by Accel. London-based Zepz’s investment round included Leapfrog, TCV and International Financial Corporation.
The company said it will use the new investment to enter new markets and support the expansion of new products such as Zepz Wallet.
Founded in 2010 by Catherine Wines, Ismail Ahmed and Richard Igoe, Zepz is described as a startup that provides international money transfer services. The company operates under two main brands, WorldRemit and Sendwave.
These brands enable users to send money between different countries quickly, securely and at low cost.
Zepz allows users to send money from more than 40 countries to more than 90 countries. Users can transfer money to banks, mobile wallets, cash pick-up locations or directly to their bank accounts.
Zepz speeds up the money transfer process by offering lower fees than traditional banks. Most transfers are completed instantly or within a few minutes.
The company aims to enable users to create digital wallets and manage money with Zepz Wallet, one of its new products. This feature can help users make transactions in different currencies.
Money can be easily sent and received via mobile applications and web platforms. Thanks to its user-friendly interfaces, it enables users of all age groups to use it easily.
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