Zepz Secures $165 Million to Fuel Global Remittance Growth
April 2, 2025, 3:35 am
Location: United Kingdom, England, Westminster
Employees: 1001-5000
Founded date: 2010
Total raised: $900M
Location: United States, District of Columbia, Washington
Employees: 201-500
Founded date: 2014
In the bustling world of fintech, Zepz stands out like a lighthouse in a storm. This London-based payments group, known for its flagship brands WorldRemit and Sendwave, has just secured a hefty $165 million in growth financing. The deal is a strategic move to enhance customer experience and expand its service offerings.
The financing consists of a $110 million revolving credit facility led by HSBC Innovation Banking, alongside a $55 million term facility underwritten solely by HSBC Private Credit. This partnership is not new; it’s a continuation of a decade-long relationship that has proven fruitful for both parties.
Zepz is not just another player in the remittance game. It powers two major brands that together serve over 9 million users. With more than 8 million transactions processed monthly, Zepz operates across 40 sending countries and 90 receiving countries. This financing is a lifeline, enabling the company to further streamline its operations and enhance its service delivery.
The CEO, Mark Lenhard, emphasizes the company's mission: to make money transfers faster, more affordable, and accessible. This financing will allow Zepz to invest in better pricing and ongoing innovation. The goal? Empower migrants with the tools they need to build secure futures and overcome financial barriers.
Founded in 2021, Zepz has quickly established itself as a leader in the global remittance space. The company aims to reduce financial barriers and enhance safety and convenience for its users. By optimizing transfer fees and improving transaction reliability, Zepz is committed to providing a seamless cross-border experience.
The recent financing is a significant boost for Zepz, especially after securing $267 million in Series F funding last year. This new capital will not only strengthen its financial position but also position Zepz to capture new market opportunities. The financial flexibility gained from this deal will allow Zepz to further invest in technology and infrastructure, ensuring it remains at the forefront of the fintech revolution.
The partnership with HSBC Innovation Banking is a testament to Zepz's credibility in the market. Angela Mylrea, Head of Corporate Credit Solutions at HSBC, expressed enthusiasm about deepening this long-standing relationship. This facility showcases HSBC's commitment to providing tailored financial solutions to high-growth fintech companies.
For Zepz, this financing means more than just numbers on a balance sheet. It translates into tangible benefits for customers. Faster transactions, improved reliability, and lower transfer fees are all on the horizon. The company is poised to enhance its offerings, ensuring that users can send money across borders with ease and confidence.
In a world where financial barriers can feel insurmountable, Zepz is a beacon of hope. It aims to empower communities by making remittances accessible and affordable. The recent financing is a crucial step in this journey, enabling Zepz to continue its mission of transforming the remittance landscape.
As the global payments sector evolves, Zepz is well-positioned to lead the charge. The company’s focus on innovation and customer experience sets it apart from competitors. With this new funding, Zepz is ready to tackle the challenges ahead and seize the opportunities that lie in wait.
In conclusion, Zepz's recent $165 million financing is not just a financial maneuver; it’s a strategic leap forward. The company is set to enhance its services, improve customer experience, and solidify its position in the global remittance market. As it continues to grow, Zepz remains committed to its mission of breaking down financial barriers and empowering individuals around the world. The future looks bright for this fintech powerhouse, and its journey is just beginning.
The financing consists of a $110 million revolving credit facility led by HSBC Innovation Banking, alongside a $55 million term facility underwritten solely by HSBC Private Credit. This partnership is not new; it’s a continuation of a decade-long relationship that has proven fruitful for both parties.
Zepz is not just another player in the remittance game. It powers two major brands that together serve over 9 million users. With more than 8 million transactions processed monthly, Zepz operates across 40 sending countries and 90 receiving countries. This financing is a lifeline, enabling the company to further streamline its operations and enhance its service delivery.
The CEO, Mark Lenhard, emphasizes the company's mission: to make money transfers faster, more affordable, and accessible. This financing will allow Zepz to invest in better pricing and ongoing innovation. The goal? Empower migrants with the tools they need to build secure futures and overcome financial barriers.
Founded in 2021, Zepz has quickly established itself as a leader in the global remittance space. The company aims to reduce financial barriers and enhance safety and convenience for its users. By optimizing transfer fees and improving transaction reliability, Zepz is committed to providing a seamless cross-border experience.
The recent financing is a significant boost for Zepz, especially after securing $267 million in Series F funding last year. This new capital will not only strengthen its financial position but also position Zepz to capture new market opportunities. The financial flexibility gained from this deal will allow Zepz to further invest in technology and infrastructure, ensuring it remains at the forefront of the fintech revolution.
The partnership with HSBC Innovation Banking is a testament to Zepz's credibility in the market. Angela Mylrea, Head of Corporate Credit Solutions at HSBC, expressed enthusiasm about deepening this long-standing relationship. This facility showcases HSBC's commitment to providing tailored financial solutions to high-growth fintech companies.
For Zepz, this financing means more than just numbers on a balance sheet. It translates into tangible benefits for customers. Faster transactions, improved reliability, and lower transfer fees are all on the horizon. The company is poised to enhance its offerings, ensuring that users can send money across borders with ease and confidence.
In a world where financial barriers can feel insurmountable, Zepz is a beacon of hope. It aims to empower communities by making remittances accessible and affordable. The recent financing is a crucial step in this journey, enabling Zepz to continue its mission of transforming the remittance landscape.
As the global payments sector evolves, Zepz is well-positioned to lead the charge. The company’s focus on innovation and customer experience sets it apart from competitors. With this new funding, Zepz is ready to tackle the challenges ahead and seize the opportunities that lie in wait.
In conclusion, Zepz's recent $165 million financing is not just a financial maneuver; it’s a strategic leap forward. The company is set to enhance its services, improve customer experience, and solidify its position in the global remittance market. As it continues to grow, Zepz remains committed to its mission of breaking down financial barriers and empowering individuals around the world. The future looks bright for this fintech powerhouse, and its journey is just beginning.