HSBC injects £128m into group behind WorldRemit & Sendwave

Quick Summary:

The global payments group behind WorldRemit and Sendwave has secured a total of £128m in revolving and term facilities.

Zepz powers two major remittance brands, WorldRemit and Sendwave, which together serve more than 9m users and facilitate over 8m monthly transactions.

London-based FinTech Zepz says the financing will strengthen its financial position and equips it with the resources needed to capture new market opportunities.

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Article Details

Author / Journalist: Patrick Killeen

Category: InvestingBusiness

Markets: United Kingdom

Topics: Investment FinTech

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-04-01 @ 10:53:49 (2 days ago)

News Timezone: GMT +8:00

News Source URL: businesscloud.co.uk

Language: English

Article Length: 264 words

Reading Time: 2 minutes read

Sentences: 7 lines

Sentence Length: 38 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © BusinessCloud

News ID: 27512362

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Year Established: 2016

Headquarters: United Kingdom

News Last Updated: 15 hours ago

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