Zepz

About

Zepz is a money transfer service that helps migrants send money to their loved ones all over the world.

London,England,United Kingdom
1001 - 5000
https://www.zepzpay.com/

Highlights

Details

Last Funding Type: Series C
Last Funding Money Raised: $40M
Industries: Financial Services,FinTech,Mobile Payments
Founded date: Jan 1, 2010
Number Of Employee: 1001 - 5000
Operating Status: Active
Legal Name: WorldRemit Ltd
Also Known As: WorldRemit

Zepz is an online service that lets people send money to friends and family living abroad, using a computer, smartphone, or tablet. It is a convenient, low-cost alternative to traditional money transfer companies that use high street agents and charge high fees. Money can be received as a bank deposit, cash pick-up, Mobile Money, or mobile airtime top-up.

Zepz's service is available to senders in 50 countries. They offer transfers to more than 140+ destinations across Europe, Asia, Africa, Australia, and the Americas.

Funding Rounds

Number of Funding Rounds

Total Funding Amount

12

$699.65M

Zepz has raised a total of $699.65M in funding over 2 rounds. Their latest funding was raised on Aug 23, 2021 from a Series E round.

Announced Date	Round	Money Raised	Number of Investors	Lead Investors	Post Valuation
Aug 23, 2021	Series E	$292M	4	Farallon Capital Management	—	Detail
Jun 3, 2019	Series D	$175M	3	LeapFrog Investments Accel TCV	—	Detail
Dec 7, 2017	Series C	$40M	3	LeapFrog Investments	—	Detail
Feb 9, 2016	Debt Financing	$45M	3	—	—	Detail
Feb 17, 2015	Series B	$100M	2	Accel	—	Detail

Investors

Number of Lead Investors

Number of Investors

8

9

Zepz is funded by 9 investors. Farallon Capital Management and Future Fifty are the most recent investors.

Investor Name	Lead Investor	Funding Round
Farallon Capital Management	Yes	Series E
Future Fifty	Yes	Non-Equity Assistant
LeapFrog Investments	—	Series E
Accel	—	Series E
TCV	—	Series E
BDC Capital Corporation	—	Debt Financing
Silicon Valley Bank	—	Debt Financing
TriplePoint Venture Growth	—	Debt Financing
Project A Ventures	—	Series A