Zepz Secures $267 Million to Expand Global Remittance Services
Zepz, the fintech company formerly known as WorldRemit, has successfully raised $267 million in a Series F funding round aimed at expanding its global remittance services. This significant investment, led by Accel with participation from TCV, Leapfrog Investments, and the International Finance Corporation (IFC), marks a pivotal moment for Zepz as it seeks to enhance its operations primarily in African markets and beyond.
Funding Details
The recent funding round is particularly noteworthy as it comes after Zepz's previous raise of $292 million in 2021, which helped the company achieve a valuation of $5 billion at that time. The current round reflects ongoing investor confidence in Zepz's business model and growth potential. Notably, the IFC has committed up to $20 million as part of this ...