Zepz Raises $267M to Boost African Expansion and Global Reach

By : Redaction

Date : lundi, 07 octobre 2024 15:34

Zepz, formerly WorldRemit, has secured $267 million to expand across Africa and other key markets. The funding round was led by Accel with participation from Leapfrog, TCV, Coller Capital, and a $20 million investment from the International Financial Corporation (IFC).

Since rebranding in August 2021 after acquiring Sendwave, Zepz has retained both the WorldRemit and Sendwave brands.

The investment will enhance Zepz’s position in Africa’s fintech market, supporting financial inclusion and the growing demand for cross-border transfers.

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