Zepz secured $267 million in funding led by Accel to accelerate expansion across African markets.
10/04/24, 1:15 PM
Location
londonMoney raised
$267 million
Industry
finance
fintech
Investors
Coller Capital, Tcv, Leapfrog, Accel
Zepz has successfully garnered $267 million in a funding round supported by both new and returning investors aiming to expand into African markets. The round was led by Accel with significant contributions from Leapfrog, TCV, and Coller Capital.
Company Info
Location
london, england, united kingdom
Additional Info
Zepz, previously known as WorldRemit, is a fintech company that facilitates international money transfers. It operates under the brands WorldRemit and Sendwave, providing services to over 11 million users across 150 countries. The company has a significant focus on African markets and is committed to enhancing its technology platform. Zepz has achieved EBITDA profitability in 2022 and continues to explore growth opportunities despite recent workforce reductions.