The fintech company Zepz has secured a $267 million investment. This Series F funding round, amounting to $267 million, was led by Accel. Based in London, Zepz’s investment round also included participants such as Leapfrog, TCV, and the International Financial Corporation. The company stated that it will use the new funds to enter new markets and support the expansion of new products, including Zepz Wallet.
Founded in 2010 by Catherine Wines, Ismail Ahmed, and Richard Igoe, Zepz is described as a venture providing international money transfer services. The company operates primarily under two brands, WorldRemit and Sendwave, which enable users to send money quickly, securely, and at low cost across different countries.
Zepz allows users to send money from over 40 countries to more than 90 countries. Users can transfer funds to banks, mobile wallets, cash pickup locations, or directly to bank accounts.
By offering lower fees compared to traditional banks, Zepz accelerates the money transfer process. Most transfers are completed instantly or within a few minutes. The company aims to enable users to create digital wallets and manage their finances through its new product, Zepz Wallet, which helps users transact in different currencies.
Easy money sending and receiving can be done through their mobile apps and web platforms. With user-friendly interfaces, Zepz ensures that individuals of all ages can use their services comfortably.
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Arwen Volkov, A graduate of the University of St. Gallen in Switzerland with a degree in International Finance, Arwen specializes in sustainable finance and green investments. She began her career at an investment bank in London, where she developed financing models for environmentally friendly projects. Known for her analytical and strategic thinking skills, Arwen is a sought-after financial consultant. In her spare time, she mentors fintech startups, contributing to their growth strategies. She is also a nature enthusiast and an amateur photographer.
