International money transfers
To unlock the prosperity of cross-border communities through finance and technology.
Few candidates hear
back within 2 weeks
44% employee growth in 12 months
COO of Otta
Despite advances in the sector, the experience of international money transfers continues to be rather poor. The vast majority of cross-border payments are done offline and are characterised by high fees, tedious administration and slow processing.
Zepz exists to change this with a digital cross-borders payments platform, aimed primarily at parts of the world that have been underserved by the digital revolution. This is a trillion dollar market where legacy firms such as Western Union have long held a virtual monopoly. However Zepz is able to run circles around existing offerings with transaction times counted in minutes rather than days or weeks, and far greater flexibility in how funds are sent and received. This has led to Zepz gaining enormous market traction, with over 50 million customer transactions and $10 billion transferred per year on its platform.
Zepz was formed after payments company Worldremit acquired Sendwave, another company working in the industry. This has led to some duplication in roles which began to affect the overall company's profitability, and was exacerbated by the choppy economic conditions of 2022 and 2023. The company has carried out a major restructuring and, with a more efficient structure, is looking to hire top talent to help it achieve its goal of unlocking the prosperity of cross-border communities.
Last 2 fundraises
This company has top investors
Zepz has raised $292 million in new primary Series E financing
Mark Lenhard(CEO, not founder)
Is also Group CEO of WorldRemit and Sendwave. Previously was COO of Bill.com and CEO of Invoice2Go.
Ismail Ahmed(Non-Executive Chairman)
Has decades of experience in the money transfer industry. Previously worked for the United Nations Remittance Programme, helping African money transfer companies comply with anti-monetary laundering rules introduced after the 9/11 attacks.
Diversity & Inclusion at Zepz