London-based Zepz, the global payments group behind WorldRemit and Sendwave, has secured €152 million in financing.
The financing includes a €101.7 million revolving credit facility led by HSBC Innovation Banking and a €50.8 million term facility underwritten by HSBC Private Credit.
Zepz aims to make money transfers faster, affordable, and accessible, serving over 9+ million users in over 4,000 corridors.
The financing will be used to invest in better pricing, ongoing innovation, and optimal transfer fees, improving the customer experience.