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ZEPZ
Zepz
Fintech (cross-border remittances) ยท United Kingdom ยท Founded ยท 2010

Zepz Funding โ€” Last Valued at $670M

Private

Zepz has raised $1.2B across 8 funding rounds. The company is valued at $670M (post-money).

ProfileValuationFundingCompetitorsStock & IPOHow to invest
Zepz funding ยท at a glance
Total raised, all rounds
$1.2B
some round sizes not disclosed
Funding rounds
8
priced rounds
Latest round
Apr 2025
Growth financing (debt)
Lead on that event
HSBC Innovation Banking UK
$110M revolving credit facility + $55M term loan, not equity
2025
About Zepz

Zepz raised $165 million in growth financing debt from HSBC Innovation Banking UK and HSBC Private Credit to support the group behind WorldRemit and Sendwave.

Funding timeline

The Zepz funding timeline

8 funding rounds, the latest highlighted.

2010
Zepz founded

Zepz was founded in 2010, United Kingdom.

FEB 2015
Series B (WorldRemit)

A primary round โ€” the company sells new shares to investors it selects. $100M raised, led by Technology Crossover Ventures (TCV).

Valuation basisโ€”Amount$100MPrice / shareโ€”LeadTechnology Crossover Ventures (TCV)
JAN 2017
Series C (WorldRemit)

A primary round โ€” the company sells new shares to investors it selects. $40M raised, led by LeapFrog Investments.

Valuation basisโ€”Amount$40MPrice / shareโ€”LeadLeapFrog Investments
JAN 2017
Series C at $670M post-money

A primary round โ€” the company sells new shares to investors it selects. Led by TCV.

Valuation basispost-moneyAmountโ€”Price / shareโ€”LeadTCV
JAN 2019
Series D

A primary round โ€” the company sells new shares to investors it selects. $175M raised.

Valuation basisโ€”Amount$175MPrice / shareโ€”Leadโ€”
JAN 2019
Series D (WorldRemit)

A primary round โ€” the company sells new shares to investors it selects. $175M raised, led by TCV, Accel, LeapFrog Investments.

Valuation basisโ€”Amount$175MPrice / shareโ€”LeadTCV, Accel, LeapFrog Investments
JAN 2020
Series E at $5B post-money

A primary round โ€” the company sells new shares to investors it selects. $292M raised.

Valuation basispost-moneyAmount$292MPrice / shareโ€”Leadโ€”
OCT 2024
Series F at $5B post-money

A primary round โ€” the company sells new shares to investors it selects. $267M raised, led by Accel, LeapFrog Investments, TCV, International Finance Corporation.

Valuation basispost-moneyAmount$267MPrice / shareโ€”LeadAccel, LeapFrog Investments, TCV, International Finance Corporation
APR 2025LATEST
Growth financing (debt)

$110M revolving credit facility + $55M term loan, not equity. $165M raised, led by HSBC Innovation Banking UK, HSBC Private Credit.

Valuation basisโ€”Amount$165MPrice / shareโ€”LeadHSBC Innovation Banking UK, HSBC Private Credit
IPO: NOT ANNOUNCED

No filing has been made.

Funding rounds

Zepz funding rounds in full

8 dated rounds, newest first.

Round
Date
Amount
Valuation
Price / share
Lead investors
Participation
Growth financing (debt) LATEST
Apr 2025
$165M
โ€”
$110M revolving credit facility + $55M term loan, not equity
HSBC Innovation Banking UK, HSBC Private Credit
โ€”
Series F
Oct 2024
$267M
$5Bpost-money
โ€”
Accel, LeapFrog Investments, TCV, International Finance Corporation
โ€”
Series E
Jan 2020
$292M
$5Bpost-money
โ€”
โ€”
โ€”
Series D (WorldRemit)
Jan 2019
$175M
โ€”
โ€”
TCV, Accel, LeapFrog Investments
โ€”
Series D
Jan 2019
$175M
โ€”
โ€”
โ€”
โ€”
Series C
Jan 2017
โ€”
$670Mpost-money
โ€”
TCV
โ€”
Series C (WorldRemit)
Jan 2017
$40M
โ€”
โ€”
LeapFrog Investments
โ€”
Series B (WorldRemit)
Feb 2015
$100M
โ€”
โ€”
Technology Crossover Ventures (TCV)
โ€”
Zepz ยท investors

Investors

HSBC Innovation Banking UKLEADHHSBC Private CreditLEADAccelLEADLeapFrog InvestmentsLEADTCVLEADInternational Finance CorporationLEADTTechnology Crossover VenturesLEAD

Frequently asked questions

What is Zepz's valuation?โ€บ

The last valuation is $670M.

Who has invested in Zepz?โ€บ

Lead investors for each round are in the funding timeline.

Who are Zepz's competitors?โ€บ

The closest fintech (cross-border remittances) peers are on the competitors page.

How can I get exposure to Zepz?โ€บ

The routes section explains what is realistically available for a company at this stage.

Is Zepz publicly traded?โ€บ

No. Zepz is a private company; its shares do not trade on a public exchange.

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