Zepz, the parent company of WorldRemit and Sendwave, has secured $165 million in new financing to strengthen its financial position and fuel growth.
The deal includes a $110 million revolving credit facility led by HSBC Innovation Banking and a $55 million term facility underwritten by HSBC Private Credit.
Why it matters
This financing replaces a previous $80 million arrangement, reinforcing a decade-long partnership between Zepz and HSBC. It enhances Zepz’s ability to invest in faster transactions, optimize transfer fees, and expand its global footprint in digital remittances.
By the numbers
- Zepz powers WorldRemit and Sendwave, serving over 9 million users.
- The platforms process more than 8 million transactions monthly.
- Last year, Zepz raised $267 million in a Series F funding round despite a challenging fintech investment landscape.
What they’re saying
- Mark Lenhard, CEO at Zepz: “This expanded facility strengthens our ability to invest in better pricing and ongoing innovation, empowering migrants with the tools they need to build secure futures and overcome financial barriers.”
- Barrie Morris, CFO at Zepz: “By lowering borrowing costs, this facility improves our financial flexibility and ensures we can continue delivering high-quality, cost-effective services.”
- Angela Mylrea, Head of Corporate Credit Solutions at HSBC Innovation Banking UK: “We are delighted to deepen our partnership with Zepz. This facility underscores our commitment to supporting high-growth fintech companies.”
